Rondo Energy, a pioneering force in zero-carbon industrial heat and power, has successfully secured $60 million in new financing to accelerate the global deployment of its revolutionary Rondo Heat Batteries (RHBs). This significant funding aims to reshape the landscape of the global energy storage market and solidify Rondo Energy’s transformative presence.
A Consortium of Visionary Investors
The financing round brings together an impressive coalition of investors who share a commitment to advancing sustainable energy solutions. Current Rondo investors, including Breakthrough Energy Ventures, Energy Impact Partners, SCG, and TITAN, have joined forces with industry giants like Microsoft’s Climate Innovation Fund, Rio Tinto, SABIC, and Aramco Ventures. Climate-focused investors, SDCL Energy Efficiency Income Trust (SEEIT), and the influential John Doerr have also contributed to this transformative funding endeavor.
Global Impact and Vision
Rondo Energy’s fresh capital infusion is strategically earmarked for expanding its international operations and catalyzing the development and execution of energy storage projects across the globe. The primary goal is to accelerate the proliferation of Rondo Heat Batteries, a groundbreaking innovation set to redefine energy storage paradigms.
Innovating the Energy Landscape
Rondo Energy’s remarkable journey commenced in 2023 with the operationalization of its inaugural commercial unit. This landmark unit effectively lowered the carbon intensity of biofuel production by Calgren Renewable Fuels, marking a significant milestone in the United States’ sustainable energy evolution. The deployment of this unit not only solidified Rondo Energy’s position as a trailblazer but also affirmed its contribution to carbon reduction on a commercial scale.
Scale and Ambition
In a collaborative partnership with Siam Cement Group (SCG), Rondo Energy unveiled its current Heat Battery storage production capacity of 2.4 gigawatt-hours (GWh) per year, with ambitious plans to escalate this capacity to an astonishing 90 GWh per year. This trajectory speaks volumes about Rondo Energy’s commitment to achieving unparalleled scale and making a substantive impact on the global energy storage landscape.
By amassing substantial funding and uniting visionary stakeholders, Rondo Energy is poised to revolutionize energy storage with its Rondo Heat Batteries. As the world forges ahead in its quest for sustainable energy solutions, collaborations and innovations of this magnitude serve as powerful catalysts for achieving a cleaner and greener future.