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Antora Energy Raises More Than $50M To Decarbonize Heavy Industry With Renewable Heat And Power As Cheap As Fossil Fuels

Antora Energy Raises More Than $50M To Decarbonize Heavy Industry With Renewable Heat And Power As Cheap As Fossil Fuels

02/16/22, 3:52 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsunnyvale
Money raised
$50 million
Antora Energy has unlocked a solution to deliver zero-emissions heat and electricity to heavy industry that is more reliable than fossil fuels, and just as cheap, according to Antora Energy CEO Andrew Ponec. “The manufacturing sector—including notoriously hard-to-decarbonize industries like cement, steel, and petrochemicals—accounts for a staggering 30% of global greenhouse gas emissions. Today, there aren’t scalable solutions to clean up the major drivers of these emissions—heat and power from combusting coal and gas,” Ponec says. “Partnering with Breakthrough Energy Ventures, Lowercarbon Capital, and our strong syndicate of other investors brings the resources and know-how to scale up our business and wipe out billions of tons of CO2 emissions per year.”

Company Info

Company
Antora Energy
Location
sunnyvale, california, united states
Additional Info
Antora Energy is electrifying heavy industry with energy storage for clean heat and power. We make it possible and profitable to fully rely on renewable energy for industrial processes. Our technology eliminates the need to burn fossil fuels for heat and power, the biggest source of greenhouse gas emissions. We are growing our company with people who put team & mission first, value connection through laughter & joy, and build with humility & openness. Join our team and do the most fulfilling and impactful work of your life on climate change. Visit www.antoraenergy.com for more information.