Electrified Thermal Solutions, a leader in electrified heating and thermal energy storage solutions, has raised $19 million to accelerate the commercial demonstration and growth of its MIT-developed Joule Hive Thermal Battery (JHTB) system. The round is backed by world-leading industrials in the mining, metals, building materials and energy sectors, including Holcim MAQER Ventures, Vale Ventures, TechEnergy Ventures, EDP Ventures and Tupras Ventures alongside financial investor GVP Climate and follow-on investors, Clean Energy Ventures and Starlight Ventures, with participation from Mass Ventures and Clean Energy Venture Group.

Electrified Thermal Solutions is pioneering the future of zero-carbon industrial heat. Developed at MIT, the electrically and thermally conductive bricks at the heart of Electrified Thermal's Joule HiveTM Thermal Battery (JHTB) represent a step-change improvement in electric heating element technology in terms of high-temperature performance and durability. The company's JHTB generates, stores, and delivers unprecedented near-flame temperature heat (up to 1,800°C / 3,275°F), offering the most cost-effective, clean alternative to fossil fuels.