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