Antora Energy, a company specializing in zero-emissions industrial heat and power, has raised a $150 million series B funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek.
Emerson Collective, GS Futures, The Nature Conservancy and a subsidiary of NextEra Energy Resources also participated in the funding round, alongside existing investors Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC and Grok Ventures.
This financing round will enable Antora to ramp up production of its thermal batteries, manufactured at the company’s factory in San Jose, to deliver billions of dollars of zero-emissions energy to industrial customers.
Industry is the single biggest driver of climate change, accounting for 30 percent of global emissions, according to Breakthrough Energy. Antora is addressing this challenge by leveraging renewable electricity to heat blocks of solid carbon — a low-cost, earth-
