Rondo Energy
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $22.0m | Series A | |
* | N/A | Growth Equity VC | |
* | $60.0m | Growth Equity VC | |
* | N/A | Growth Equity VC | |
Total Funding | $82.0m |
Recent News about Rondo Energy
EditRondo Energy specializes in providing thermal batteries that store renewable energy heat, designed to decarbonize energy-intensive industrial processes. The company serves clients across various sectors including steel, cement, chemicals, pharmaceuticals, and low-carbon fuels. Operating in the renewable energy market, Rondo's business model focuses on selling modular and scalable heat storage units that can be easily integrated into existing industrial facilities. These units help industries reduce their carbon footprint by offering a cost-effective, continuous, and high-temperature energy supply, thereby eliminating the need for fossil fuels. Rondo makes money by selling these heat batteries and offering related services, such as installation and maintenance. The company recently secured $60 million from global giants and leading climate investors to accelerate industrial decarbonization.
Keywords: thermal batteries, renewable energy, industrial decarbonization, zero-carbon heat, modular units, scalable solutions, continuous energy supply, high-temperature energy, fossil fuel replacement, energy storage.