Rondo Energy Secures $60 Million From Global Giants And Leading Climate Investors To Speed Industrial Decarbonization

Aug 16, 2023•almost 2 years ago

Amount Raised

$60 Million

OaklandEnergySustainabilitySoftware

Investors

Siam Cement GroupSeeitTitanScgSabicAramco VenturesRio Tinto

Description

Rondo Energy, a leading provider of zero-carbon industrial heat and power, has raised $60 million in a new financing planned to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market.

Company Information

Company

Rondo Energy

Location

Oakland, California, United States

About

We're hiring!! Rondo is delivering the world's lowest cost zero-carbon industrial heat. The Rondo Heat Battery powers industrial processes with renewable electricity, cutting energy costs and eliminating emissions. We deliver complete solutions to large-scale industrial energy needs worldwide - both as major capital projects and on a Heat as a Service basis. The Rondo Heat Battery provides temperatures up to 1,500°C, at less than half the cost and twice the efficiency of hydrogen.

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Medium Activity

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