New and recently funded Energy Startups
1
Country: France | Funding: €3M
EPYR creates industrial power systems that convert electricity from renewable energy sources into high-temperature heat. These are comprehensive solutions integrate equipment, intelligent energy management and financing. The Epyr system captures electricity from the grid at its lowest cost and converts it into heat using resistive heaters. Thermal energy is stored in high-efficiency refractory bricks and released as air or steam on demand for industrial processes. Thanks to fast and precise control, the system is easily integrated into production processes. Epyr also offers a "heat-as-a-service" model that requires no upfront capital investment - the company builds, owns and operates the system for an annual fee.
EPYR creates industrial power systems that convert electricity from renewable energy sources into high-temperature heat. These are comprehensive solutions integrate equipment, intelligent energy management and financing. The Epyr system captures electricity from the grid at its lowest cost and converts it into heat using resistive heaters. Thermal energy is stored in high-efficiency refractory bricks and released as air or steam on demand for industrial processes. Thanks to fast and precise control, the system is easily integrated into production processes. Epyr also offers a "heat-as-a-service" model that requires no upfront capital investment - the company builds, owns and operates the system for an annual fee.
2
Country: Germany | Funding: $4.3M
HyperHeat is developing the HyperHeat system, which utilizes renewable energy sources for high-temperature heating required in heavy industries such as steel production, cement and chemical processing. HyperHeat system is based on a low-cost industrial gas heater that utilizes oxide ceramics for ultra-high-temperature resistive heating. It can be installed in existing furnaces (instead of fossil-fuel burners) and achieve temperatures close to flame temperature - up to 2000°C. HyperHeat systems connect directly to standard industrial medium-voltage networks, scaling from hundreds of kilowatts to several megawatts, ensuring easy integration and maximum efficiency.
HyperHeat is developing the HyperHeat system, which utilizes renewable energy sources for high-temperature heating required in heavy industries such as steel production, cement and chemical processing. HyperHeat system is based on a low-cost industrial gas heater that utilizes oxide ceramics for ultra-high-temperature resistive heating. It can be installed in existing furnaces (instead of fossil-fuel burners) and achieve temperatures close to flame temperature - up to 2000°C. HyperHeat systems connect directly to standard industrial medium-voltage networks, scaling from hundreds of kilowatts to several megawatts, ensuring easy integration and maximum efficiency.
3
Country: USA | Funding: $10M
Zero Industrial implements thermal energy storage projects for industrial heat and steam generation. The company offers a full range of project development services in the US and Canada, including technology selection, design and development of each thermal energy storage system. The company's TES systems can release the stored energy as electricity, heat, or steam at any temperature. Zero Industrial also fully finances each project and sells the clean heat or steam to its clients under a long-term "Heat as a Service" contract, eliminating the need for upfront capital investment.
Zero Industrial implements thermal energy storage projects for industrial heat and steam generation. The company offers a full range of project development services in the US and Canada, including technology selection, design and development of each thermal energy storage system. The company's TES systems can release the stored energy as electricity, heat, or steam at any temperature. Zero Industrial also fully finances each project and sells the clean heat or steam to its clients under a long-term "Heat as a Service" contract, eliminating the need for upfront capital investment.
4
Country: Sweden | Funding: $23.6M
SaltX Technology has developed an electric CO2 separation technology for direct CO2 capture from air in high-temperature industries, including quicklime and cement production. This electric calcination technology uses electric plasma to replace fossil-driven heating with renewable electricity. The mineral solution used in direct carbon dioxide capture (DAC) is carbonated after binding with CO2 from the air. This carbonate solution can be regenerated during the electric calcination process, separating and isolating the CO2 for further use or geological storage. The EAC (electric arc calciner) is adaptable to various industries. Through seamless integration into DAC systems it makes the release and collection of pure CO2 more efficient. The company has already launched a 1.4 MW pilot plant producing 17 tons of carbon per day.
SaltX Technology has developed an electric CO2 separation technology for direct CO2 capture from air in high-temperature industries, including quicklime and cement production. This electric calcination technology uses electric plasma to replace fossil-driven heating with renewable electricity. The mineral solution used in direct carbon dioxide capture (DAC) is carbonated after binding with CO2 from the air. This carbonate solution can be regenerated during the electric calcination process, separating and isolating the CO2 for further use or geological storage. The EAC (electric arc calciner) is adaptable to various industries. Through seamless integration into DAC systems it makes the release and collection of pure CO2 more efficient. The company has already launched a 1.4 MW pilot plant producing 17 tons of carbon per day.
5
Country: USA | Funding: $12M
Found Energy is developing aluminum-based fuel for industrial applications. Found Energy's thermal energy technology converts any aluminum into an energy-dense fuel by breaking down the oxide layer, allowing the aluminum to rapidly and completely oxidize upon contact with water in a process called fractal exfoliation. This highly exothermic process releases the energy stored in the aluminum as a combination of heat and hydrogen (or superheated steam). The system generates superheated steam at the highest temperatures required by modern industry. Aluminum fuel can be used to produce hydrogen on-site, on-demand (meaning aluminum fuel is cheaper and safer to transport than hydrogen).
Found Energy is developing aluminum-based fuel for industrial applications. Found Energy's thermal energy technology converts any aluminum into an energy-dense fuel by breaking down the oxide layer, allowing the aluminum to rapidly and completely oxidize upon contact with water in a process called fractal exfoliation. This highly exothermic process releases the energy stored in the aluminum as a combination of heat and hydrogen (or superheated steam). The system generates superheated steam at the highest temperatures required by modern industry. Aluminum fuel can be used to produce hydrogen on-site, on-demand (meaning aluminum fuel is cheaper and safer to transport than hydrogen).
6
Country: USA | Funding: $900M
Pacific Fusion is developing a high-gain pulsed magnetic fusion system. Pulsed magnetic fusion involves rapidly compressing a fuel in a container with a powerful magnetic field created by passing high, rapidly increasing electric current through it. This compression heats and inertially holds the fuel, converting hydrogen into helium and releasing massive amounts of energy. The company has eliminated the magnetic system to simplify the system and its maintenance requirements. The system is highly modular, enabling affordable manufacturing and rapid iteration. It uses commonly available materials, simplifying supply chains. The modular pulser can be optimized for a wide range of target designs.
Pacific Fusion is developing a high-gain pulsed magnetic fusion system. Pulsed magnetic fusion involves rapidly compressing a fuel in a container with a powerful magnetic field created by passing high, rapidly increasing electric current through it. This compression heats and inertially holds the fuel, converting hydrogen into helium and releasing massive amounts of energy. The company has eliminated the magnetic system to simplify the system and its maintenance requirements. The system is highly modular, enabling affordable manufacturing and rapid iteration. It uses commonly available materials, simplifying supply chains. The modular pulser can be optimized for a wide range of target designs.
7
Country: USA | Funding: $24.3M
Electrified Thermal Solutions creates ultra-high-power, commercial-scale thermal batteries that help manufacturers reduce emissions. Their thermal battery system uses electricity to heat metal oxide refractory bricks for hours and then transfers the stored heat to industrial furnaces, boilers and kilns when needed. The thermal energy is released by blowing air through the brick stacks. The company has already launched its first commercial-scale thermal battery (with a capacity of 20 megawatt-hours) at the Southwest Research Institute in San Antonio. The startup is also partnering with ArcelorMittal to test its thermal storage technology and is considering piloting the system at a steel mill, where it could potentially replace fossil-gas-fired heat.
Electrified Thermal Solutions creates ultra-high-power, commercial-scale thermal batteries that help manufacturers reduce emissions. Their thermal battery system uses electricity to heat metal oxide refractory bricks for hours and then transfers the stored heat to industrial furnaces, boilers and kilns when needed. The thermal energy is released by blowing air through the brick stacks. The company has already launched its first commercial-scale thermal battery (with a capacity of 20 megawatt-hours) at the Southwest Research Institute in San Antonio. The startup is also partnering with ArcelorMittal to test its thermal storage technology and is considering piloting the system at a steel mill, where it could potentially replace fossil-gas-fired heat.
8
Country: USA | Funding: $300M
Lunar Energy manufactures battery storage systems and installs solar panels for homeowners in California, Georgia, and Washington. Lunar can use its fleet of batteries, available in 15- and 30-kilowatt-hour modules, to feed power into the grid as needed. Its virtual power plant (VPP) software can also manage electric vehicle chargers and appliances, allowing for simultaneous power supply and demand reduction. Lunar helps users save money - each day, the app creates a unique plan for maximum energy savings. The company monitors the weather, monitors power consumption spikes, such as when charging your electric vehicle and uses this data to develop this personalized daily plan. Lunar AI tracks rapidly changing energy prices, optimizing and automating home power system to reduce bills.
Lunar Energy manufactures battery storage systems and installs solar panels for homeowners in California, Georgia, and Washington. Lunar can use its fleet of batteries, available in 15- and 30-kilowatt-hour modules, to feed power into the grid as needed. Its virtual power plant (VPP) software can also manage electric vehicle chargers and appliances, allowing for simultaneous power supply and demand reduction. Lunar helps users save money - each day, the app creates a unique plan for maximum energy savings. The company monitors the weather, monitors power consumption spikes, such as when charging your electric vehicle and uses this data to develop this personalized daily plan. Lunar AI tracks rapidly changing energy prices, optimizing and automating home power system to reduce bills.
9
Country: USA | Funding: $84M
Avalanche is a fusion energy startup that, unlike its competitors, is trying to create a miniature version of the fusion reactor. Their reactor is only 9 centimeters in diameter (the new version will increase to 25 centimeters and is expected to produce around 1 megawatt). The smaller size allowes Avalanche to speed up the process. The company tests modifications to its devices "sometimes twice a week," which would be difficult and expensive with a larger device. To confine the plasma, Avalanche's reactor uses an extremely high-voltage electric current to attract plasma particles into orbit around an electrode. It also uses magnets to maintain order, although they are nowhere near as powerful as those in a tokamak. As the orbit narrows and the plasma speed increases, the particles begin to collide with each other and fuse.
Avalanche is a fusion energy startup that, unlike its competitors, is trying to create a miniature version of the fusion reactor. Their reactor is only 9 centimeters in diameter (the new version will increase to 25 centimeters and is expected to produce around 1 megawatt). The smaller size allowes Avalanche to speed up the process. The company tests modifications to its devices "sometimes twice a week," which would be difficult and expensive with a larger device. To confine the plasma, Avalanche's reactor uses an extremely high-voltage electric current to attract plasma particles into orbit around an electrode. It also uses magnets to maintain order, although they are nowhere near as powerful as those in a tokamak. As the orbit narrows and the plasma speed increases, the particles begin to collide with each other and fuse.
10
Country: UK | Funding: £14M
ReEnergise developed High-Density Hydro technology to create pumped hydro energy storage systems that can be located in low-lying, hilly terrain, eliminating the need for high, steep slopes. The HD Hydro system uses a dense, mineral-rich liquid instead of water to reduce the system's size while delivering the same performance as a much larger system using regular water. The liquid recirculates through a pipeline between the upper and lower reservoirs. The compact size of the HD Hydro system allows for burying one or both reservoirs underground, preserving the land above for other uses. With an eight-hour operating cycle, this high-density hydropower system is half the cost of a lithium-ion battery system, without the risk of fire or environmental concerns. The company has already implemented a pilot project at Cornwood, a kaolin mine in the UK.
ReEnergise developed High-Density Hydro technology to create pumped hydro energy storage systems that can be located in low-lying, hilly terrain, eliminating the need for high, steep slopes. The HD Hydro system uses a dense, mineral-rich liquid instead of water to reduce the system's size while delivering the same performance as a much larger system using regular water. The liquid recirculates through a pipeline between the upper and lower reservoirs. The compact size of the HD Hydro system allows for burying one or both reservoirs underground, preserving the land above for other uses. With an eight-hour operating cycle, this high-density hydropower system is half the cost of a lithium-ion battery system, without the risk of fire or environmental concerns. The company has already implemented a pilot project at Cornwood, a kaolin mine in the UK.
