Thermal Energy Storage Provider Rondo Energy Raises $60 Million

Rondo Energy will use the funding to grow its international operations and to develop and build storage projects

August 21, 2023

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Rondo Energy, a thermal energy storage company, raised $60 million in a new funding round from Breakthrough Energy Ventures, Energy Impact Partners, SCG, TITAN, Microsoft’s Climate Innovation Fund, Rio Tinto, SABIC, Aramco Ventures, and climate investors SDCL Energy Efficiency Income Trust (SEEIT) and John Doerr.

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