Antora Energy, a Sunnyvale, CA-based company which specializes in zero-emissions industrial heat and power, raised $150M in Series B funding.
The round was led by Decarbonization Partners, with participation from Emerson Collective, GS Futures, The Nature Conservancy, and a subsidiary of NextEra Energy Resources, Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures.
The company intends to use the funds to ramp production of its factory-made thermal batteries to deliver zero-emissions energy to industrial customers.
Led by CEO Andrew Ponec, Antora Energy is a provider of a zero-emissions industrial heat and power, cheaper than fossil fuels. Its thermal batteries convert low-cost, intermittent renewable electricity into reliable industrial energy. Factory-built in the United States, Antora’s modular thermal batteries output electricity and heat at temperatures hot enough to address the hardest-to-decarbonize industrial applications.
Commenting on the news, 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.”
FinSMEs
22/02/2024