The round was led by two of the world's leading investment firms in deep decarbonization and electrification: Breakthrough Energy Ventures and Energy Impact Partners. This funding enables Rondo Energy to build projects that deliver low-cost, high-temperature and zero-carbon heat across a variety of industries. Rondo plans to begin manufacturing and deliver customer systems later this year.

Rondo Energy makes industrial decarbonization possible - and profitable - today. The Rondo Heat Battery captures low-cost renewable electricity and delivers continuous high-temperature heat, enabling customers to power their operations with zero-carbon energy.