ESG Today writes that industrial heating requires high amounts of energy, often times provided with the help of fossil fuels and while renewable energy has become more readily available, insufficient storage capacity presents an issue for the company in heavy sectors.

California-based Antora Energy develops thermal batteries that can store affordable, yet intermittent renewable energy, such as wind and solar, which industry members can use to power their operations with green power.

Andrew Ponec, co-founder and CEO of Antora Energy, said that "this financing enables us to build and deploy our thermal batteries even faster, moving full speed ahead to decarbonize industry in the United States and around the world. Because our thermal batteries are factory-manufactured in the United States, this is not only an investment in Antora, it’s an investment in U.S. jobs, manufacturing, and leadership in the clean energy transition."

Antora's energy solution can store power both as electricity and heat, using solid blocks of carbon in an insulated module and electricity is delivered very efficiently, company officials say, using heat-to-power thermophotovoltaic technology.

Emerson Collective and GS Futures are among the investors that participated in the 150 million USD funding round.

Photo source: CNN