CA-based Antora Energy secures $150million in series B round funding. Decarbonisation Partners led the round, with participation from GS Futures, The Nature Conservancy, Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures, as well as an affiliate of NextEra Energy Resources.
The money will be used by the business to increase output of its factory-made thermal batteries, which will provide industrial clients with energy that emits no emissions.
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Under the leadership of CEO Andrew Ponec, Antora Energy offers industrial heat and power with zero emissions at a lower cost than fossil fuels. Low-cost, erratic renewable electricity is transformed into dependable industrial energy by its thermal batteries.
Antora’s modular thermal batteries are manufactured in the US and produce heat and energy at temperatures high enough to handle the most difficult industrial applications to decarbonise.
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Andrew Ponec said: “We are thrilled to partner with Decarbonization Partners and all of our exceptional investors to supercharge Antora’s growth. This financing enables us to build and deploy our thermal batteries even faster, moving full speed ahead to decarbonize industry in the United States and around the world. Because our thermal batteries are factory-manufactured in the United States, this is not only an investment in Antora, it’s an investment in U.S. jobs, manufacturing, and leadership in the clean energy transition.”
About Antora Energy
Antora Energy is bringing zero-carbon power and heat to heavy industry. They enable complete reliance on renewable energy for industrial processes, both economically and practically. Through the use of thermal energy storage, Antora Energy is able to store extra solar and wind power and utilise it to heat carbon blocks, making them shine like toast.
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