Antora Energy Raises $550 Million to Expand Thermal Battery Production
The industrial energy company plans to manufacture more systems that store renewable electricity as high-temperature heat and dispatchable power.
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The industrial energy company plans to manufacture more systems that store renewable electricity as high-temperature heat and dispatchable power.
The financing brings total capital to $4 billion as the company works toward scientific breakeven in 2027.
The startup uses one industrial waste stream to process another, aiming to make iron cover costs while titanium and rare earths provide profit.
The exit ends the Bay Area startup's effort to build autonomous electric tractors as a standalone manufacturer.