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. The system can be fast charged when electricity prices are low or during surplus renewables generation and discharged as needed.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/30/24 | $40,700,000 | Series A |
Breakthrough Energy Ventures Imperative Ventures Khosla Ventures New System Ventures Prelude Ventures  | undisclosed |
