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Ancora Energy raises $550M in Series C funding, co-led by G2 Venture Partners and Eclipse, to accelerate large-scale project deployment and expand production.

PRIVATEJul 31, 2026•8 days ago

Amount Raised

$550 Million

Round Type

Series C

ClevelandFinancial ServicesEmployee Benefits

Investors

Lowercarbon CapitalBreakthrough Energy VenturesTrust VenturesImpact Science VenturesDecarbonization PartnersLiberty Mutual Strategic VenturesStep Stone GroupWestly GroupJohn DoerrActivate CapitalSalesforce VenturesRibbit CapitalEclipseG2 Venture Partners

Description

Ancora Energy, based in San Jose, CA, has raised $550M in Series C funding. The funding round was co-led by G2 Venture Partners and Eclipse, with participation from several notable investors. The company plans to use the funds to accelerate project deployment and establish a new manufacturing hub. They provide thermal batteries that store low-cost electricity as heat.

Company Information

Company

Ancora Holdings Group

Location

Cleveland, Ohio, United States

About

Ancora Holdings Group, LLC offers integrated investment advisory, wealth management, retirement plan services and insurance solutions to individuals and institutions across the United States. Founded in 2003, the firm is a long-term supporter of union labor and collaborates with union groups and public pension plans to deliver long-term value. Ancora combines the expertise of a global institution with the responsiveness of a boutique firm.

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