Lithuania rondo energy

What is Rondo energy?

Rondo Energy makes industrial decarbonization possible — and profitable — today. The Rondo Heat Battery captures low-cost renewable electricity and delivers the world's highest temperature, highest efficiency energy storage of any kind, enabling customers to power their operations with zero-carbon energy. Learn more at rondo.com.

Why did Rondo raise $60 million in a new financing?

ALAMEDA, CA – 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 worldwide and to transform the global energy storage market.

Can Rondo energy decarbonize our economy?

“Rondo Energy’s technology fills in one of the biggest missing pieces to decarbonize our economy: renewable industrial heat.” From calcining to cogeneration, from food processing to fuel production, Rondo’s Heat Battery is compatible with 90 percent of industrial processes and power needs.

Who are the Rondo investors?

The financing brings together funding from current Rondo investors Breakthrough Energy Ventures, Energy Impact Partners, SCG, and TITAN, industrial leaders including Microsoft's Climate Innovation Fund, Rio Tinto, SABIC, Aramco Ventures, and climate investors SDCL Energy Efficiency Income Trust (SEEIT) and John Doerr.

Where is Rondo Energy headquartered?

Rondo Energy is headquartered in Alameda, California. Breakthrough Energy is a global network of climate leaders committed to accelerating the world’s journey to a clean energy future.

How much energy does a rondo heat battery store?

In 2023 Rondo, in partnership with Siam Cement Group (SCG), announced current Heat Battery storage production capacity of 2.4GWh/year, with plans to reach 90GWh/year. Rondo Heat Batteries store energy at half the cost of other technologies such as green hydrogen and chemical batteries.