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News Rondo Energy raises US$60m from investors

Rondo Energy raises US$60m from investors

Written by Global Cement staff 18 August 2023
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US: Heat Battery developer Rondo Energy has concluded a financing round with US$60m raised in investments, Renewables Now News has reported. Investors included Siam Cement Group and Titan Cement Group, as well as Breakthrough Energy Ventures, Energy Impact Partners, the Climate Innovation Fund, Rio Tinto, SABIC, Aramco Ventures, SDCL Energy Efficiency Income Trust and John Doerr. Rondo Energy’s Heat Battery is a means of connecting cement plants and other industrial facilities to a constant supply of electricity ultimately derived from renewable energy sources.

CEO John O'Donnell said “Our Strategic Investor Advisory Board will help Rondo focus on the simplest, fastest ways to power their operations with low-cost clean energy and shape our priorities for ongoing research and development.”

Last modified on 23 August 2023
Published in Global Cement News
Tagged under
  • US
  • Rondo Energy
  • funding
  • investor
  • Siam Cement
  • SCG Cement
  • Titan Cement
  • Titan Group
  • Breakthrough Energy Investors
  • Energy Impact Partners
  • Climate Innovation Fund
  • Rio Tinto
  • SABIC
  • Saudi Aramco Energy Ventures
  • Saudi Aramco
  • SDCL Energy
  • Renewable energy
  • Energy
  • energy storage
  • battery
  • Efficiency Income Trust
  • John Doerr
  • Sustainability
  • CO2
  • Electricity
  • GCW622

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