Fourth Power has received $19 million in Series A funding to scale its cost-effective groundbreaking thermal battery technology. The investment round was led by the venture capital firm DCVC, with participation from Breakthrough Energy Ventures (BEV) and Black Venture Capital Consortium. In addition to helping scale the company’s thermal energy storage solution, which can store energy for both short- and long-term durations to be put back on the grid as electricity, the investment will initiate the construction of a 1 MWh-e prototype facility outside Boston, with a 2026 anticipated completion date.
“We need utility-scale energy storage that can grow with the grid to make this a reality on a global scale. With the support of our investors, Fourth Power will accelerate our mission and reshape the clean-energy landscape by making grid-scale thermal battery storage the most cost-effective solution for power production. We are energized by the opportunity to create a better, m
