Energy Dome closes €40m funding round

April 28, 2023

Long-duration battery storage company Energy Dome has closed a €40 million Series B funding round.

The financing round was co-led by Eni Next, the corporate venture capital arm of Eni, and Neva SGR, the venture capital arm of Intesa Sanpaolo, a European banking group. 

Other investors included Barclays’ Sustainable Impact Capital, CDP Venture Capital, Invitalia, Novum Capital Partners and 360 Capital.

Also joining the round is Japan Energy Fund, while another participant was Elemental Excelerator, a US nonprofit investor focused on climate tech.

This financing round brings the total capital invested in Energy Dome to €54 million. Proceeds from this investment will enable Energy Dome to “enter full commercial scaling mode on a global basis”, a statement said.