Rondo Energy
Assembly Line
Rondo Energy Secures $60 Million from Global Giants and Leading Climate Investors to Speed Industrial Decarbonization
Rondo Energy, a leading provider of zero-carbon industrial heat and power, has raised $60 million in a new financing planned to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market. Rio Tinto, Aramco Ventures, SABIC, SCG, TITAN, and SEEIT have joined Rondo’s Strategic Investor Advisory Board (SIAB).
Brick and iron heat battery for zero-carbon industrial processes
The company’s so-called “brick toaster” heat battery stores intermittent generation from renewable energy resources like solar and wind, able to hold stored heat energy at temperatures up to 1,500 degrees Celsius for hours or days at a time. The zero-carbon solution supports manufacturing processes such as steel, cement and chemical manufacturing, as well as low-temperature food processing.