ENERGY STORAGE

Antora Energy raises $150m in Series B funding round to boost thermal battery production

February 29, 2024

US thermal battery maker Antora Energy has raised $150 million in a Series B funding round led by a partnership including asset manager BlackRock and Singapore state investment firm Temasek.

The BlackRock-Temasek partnership, called Decarbonization Partners, led a group of investors including Emerson Collective, GS Futures, The Nature Conservancy, Lowercarbon Capital, Breakthrough Energy Ventures and BHP’s venture capital unit.

The funding will be used to increase the production of California-headquartered Antora’s thermal batteries.

Antora’s raise takes the company’s total funding since its 2022 Series A to $230 million.