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Venture Capital News: Antora Energy Lands $150M Series B Round

2024-02-22
SUNNYVALE, CA, Antora Energy, a leader in zero-emissions industrial heat and power, raised a $150 million Series B funding round.
The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek. This financing round will enable Antora to ramp production of its factory-made thermal batteries to deliver billions of dollars of zero-emissions energy to industrial customers. Emerson Collective, GS Futures, The Nature Conservancy, and a subsidiary of NextEra Energy Resources, LLC also participated in this round, alongside existing investors Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures.

Antora Energy is unlocking zero-emissions industrial heat and power, cheaper than fossil fuels. Antora's 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. Antora's products will decarbonize global industry while supporting U.S. jobs, spurring American manufacturing, and strengthening domestic supply chains.
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