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Cleantech

Forbes: Antora Energy's CEO Pioneers Renewable Thermal Batteries

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Forbes

Key takeaways

  • Forbes highlights Antora Energy, a company specializing in thermal batteries, spearheaded by CEO and co-founder Andrew Ponec, a Forbes 30 Under 30 alumnus
  • Antora's technology stores renewable energy by heating carbon blocks to extremely high temperatures using surplus solar and wind power
  • Antora has reached key operational and financial milestones
Forbes highlights Antora Energy, a company specializing in thermal batteries, spearheaded by CEO and co-founder Andrew Ponec, a Forbes 30 Under 30 alumnus. Antora's technology stores renewable energy by heating carbon blocks to extremely high temperatures using surplus solar and wind power. Antora has reached key operational and financial milestones. In October 2023, the company inaugurated its inaugural thermal battery manufacturing facility. Financially, Antora has amassed over $230 million in funding, including a $150 million Series B round completed earlier this year. Furthermore, in June, the company received a $14.5 million grant from the Department of Energy's Advanced Research Projects Agency-Energy. This grant will facilitate a collaboration with Con Edison to bolster clean energy availability in the greater New York area.

Related Topics

Antora Energythermal batteriesrenewable energycleantechAndrew Ponec

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