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Redoxblox Receives $25M To Demonstrate Its Pioneering Long-Duration Thermochemical Energy Storage Technology

PRIVATEJan 11, 2024

Amount Raised

$25 Million

Round Type

Funding Round

East LansingEnergyRenewable Energy

Investors

BevBreakthrough Energy VenturesKhosla VenturesU.S. Department Of EnergyCalifornia Energy Commission

Description

RedoxBlox, a leader in energy storage solutions, today announced it was awarded $8.9M from the California Energy Commission (CEC) and $6.7M from the U.S. Department of Energy (DOE). These grants follow the company’s $9.4M Series A financing led by Khosla Ventures for a total of $25 million to support demonstrations of RedoxBlox’s cutting-edge thermochemical energy storage (TCES) technology, which delivers zero-carbon electricity and heat.

Quick answer

RedoxBlox raised $25 Million in a Funding Round round, dated January 11, 2024. Investors: Bev, Breakthrough Energy Ventures, Khosla Ventures, U.S. Department Of Energy and California Energy Commission. RedoxBlox is based in East Lansing, Michigan, United States.

How much did RedoxBlox raise?
RedoxBlox raised $25 Million in a Funding Round round on January 11, 2024.
Who invested in RedoxBlox?
Bev, Breakthrough Energy Ventures, Khosla Ventures, U.S. Department Of Energy and California Energy Commission are named as investors in this round.
What does RedoxBlox do?
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.
Where is RedoxBlox based and how big is it?
RedoxBlox is based in East Lansing, Michigan, United States.
Who are the decision-makers at RedoxBlox?
Fundz holds 1 contact at RedoxBlox. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as RedoxBlox that raised within 45 days of this round, from Fundz verified event records.

  • SunPower raised $300M (Funding Round) on February 23, 2024.
  • Arevon raised $1.1B (Funding Round) on February 22, 2024.
  • Antora Energy raised $150M (Funding Round) on February 22, 2024.
  • BTRY raised $954K (Pre-Seed) on February 19, 2024.
  • Greenalia raised $200M (Debt Financing) on February 16, 2024.
  • Sage Geosystems raised $17M (Series A) on February 15, 2024.

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Company Information

Company

RedoxBlox

Location

325 E GRAND RIVER AVENUE

East Lansing, Michigan, United States

About

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. Redoxblox is backed by Prelude Ventures, Khosla Ventures, Breakthrough Energy Ventures, Imperative Ventures, and New System Ventures.

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