Zero Industrial, a Charleston, SC-based development company decarbonizing industrial heat by utilizing thermal energy storage (“TES”) systems, raised $10M in funding.
The round was led by Evok Innovations with participation from Rusheen Capital Management.
The company intends to use the funds to accelerate the deployment of thermal energy storage projects in North America.
Founded in 2024 by Ted Kniesche and Jim McDermot, Zero Industrial is a developer of industrial decarbonization projects, utilizing thermal energy storage technologies to eliminate the combustion of fossil fuels for heat and steam production at industrial facilities. It offers customers a full end-to-end development solution from design and engineering to project execution and delivery. Heat generated from its projects will be sold under a Heat-as-a-Service agreement without requiring any capital investment from its customers.
Zero Industrial is actively originating and developing projects in the United States and Canada and exploring additional international markets.
FinSMEs
07/04/2025