Last deal

Amount

Non-equity Assistance

Stage

01.04.2016

Date

1

all rounds

General

About Company
The company provides thermal energy storage systems for clean heat generation.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Non-equity Assistance

IPO status

Private

Description

The company's thermal energy matrix storage technology converts inexpensive off-peak or renewable electricity into stored heat, offering an alternate source of high-temperature thermal energy to boilers and generators. This helps reduce dependency on fossil fuels and increases efficiency by enabling steady-state operations. By integrating easily with existing thermal systems, the company's offerings allow businesses to use reliable, low-emissions heat derived from renewable and/or grid electricity. This technology beats the cost of burning fossil fuels in key markets, addressing the need to use fossil fuels wisely and reduce global energy consumption and emissions.
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