Redoxblox (Series A)

Funding Details
Awarder
Inbox
Date Award
October 30, 2024
Vertical
Energy Storage
Funding URL
View Funding Page
Funding Amount:
$40,700,000

Company Info
Traction
Selected by the California Energy Commission for a project to demonstrate 24 hours of electricity storage capacity and chosen by the U.S. Department of Energy for an industrial-scale thermochemical energy storage project with Dow Chemical.
Organizations Involved
California Energy Commission, U.S. Department of Energy, Dow Chemical, UC San Diego, Electric Power Research Institute
Company Description
Redoxblox is pioneering a new class of low-cost thermochemical energy storage systems (TCES) designed to accelerate industrial decarbonization and address long duration energy storage needs for the grid. The company’s TCES units store energy both chemically and as heat at very high temperatures that can be discharged continuously or as needed directly into industrial processes or as an energy source for electricity generation.
Market
Industrial Decarbonization and Grid Storage
Location
San Diego, California, United States
Coinvestors
Prelude Ventures, Imperative Ventures, New System Ventures, Breakthrough Energy Ventures, Khosla Ventures

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