<div>
  <ul>
    <li>
      <p>
        Antora Energy, a long-duration energy storage startup, has launched its first commercial-scale system at a facility in Fresno, California. The pilot project consists of the company&rsquo;s thermal batteries, which are capable of storing electricity as heat inside carbon blocks at temperatures above 1,800&ordm;C (3,272&ordm;F).
      </p>
    </li>
    <li>
      <p>
        Antora is developing a battery manufacturing facility in California that will be completed by 2024. Following this, the company intends to begin shipping its battery systems to clients in 2025.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         The company&rsquo;s most recent funding was in 
        <a href="https://sp-edge.com/updates/8550">
          February 2022
        </a>
        , when it raised USD 50 million in a Series A funding round. Antora then invested these funds toward commercializing its batteries at large industrial sites. The company has gained investment from notable VCs, such as Breakthrough Energy Ventures, Shell Ventures, and BHP Ventures.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


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  <p>
    <a href="https://www.bloomberg.com/news/articles/2023-09-12/bill-gates-backed-startup-pilots-unique-battery-to-help-heavy-industry?sref=jPQnHlEd&srnd=undefined#xj4y7vzkg">
      Bloomberg
    </a>
  </p>
  <p>
  </p>
</div>


Alternative Energy

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Long-duration energy storage startup Antora Energy has unveiled its first commercial-scale system in Fresno, California. The system utilizes thermal batteries that store electricity as heat in carbon blocks at temperatures above 1,800ºC (3,272ºF). Antora plans to complete a battery manufacturing plant in California by 2024 and begin shipping its battery systems to customers in 2025. The company raised $50 million in a Series A funding round in February 2022 and has received investments from Breakthrough Energy Ventures, Shell Ventures, and BHP Ventures.

Antora Energy launches first commercial-scale battery system

EOS Energy, a battery startup, has announced plans to build a $500 million energy storage manufacturing facility in Pennsylvania. The facility, called American Made Zinc Energy, will produce the company's Eos Z3 energy storage systems. EOS Energy aims to scale its annual production to 8 GWh of storage capacity by 2026 to meet the growing demand for long-duration stationary energy storage. The company has secured a $398.6 million loan guarantee from the Department of Energy Loan Programs Office to cover 80% of the facility's construction costs. EOS is investing in expanding its manufacturing facilities in the US after moving production away from China in 2018.

EOS Energy to develop project AMAZE with USD 399 million loan commitment from DOE

British fusion energy startup, First Light Fusion, has partnered with Sandia National Laboratories (SNL) to test their amplifier technology on the Z Machine, the world's most powerful pulsed power facility. The collaboration aims to de-risk First Light's planned gain demonstrator, Machine 4, by testing the technology in new pressure regimes. First Light was granted the opportunity to test its target technology on the STAR Gas Gun, where it successfully increased attainable pressures from 200 Gigapascals (GPa) to 550 GPa and 950 GPa, equivalent to 2.5 times the pressure at the center of the Earth. Construction of Machine 4 is set to begin in 2024 and be operational by 2027.

First Light Fusion partners with Sandia National Laboratories

Novatron Fusion, a fusion energy company based in Sweden, has raised EUR 5 million in a seed funding round led by Climentum Capital. The funds will be used to advance the development of pre-commercial prototypes. Novatron Fusion is working on a reactor solution called the "Novatron concept" that aims to improve the stability of magnetic plasma confinement in fusion reactors. The company believes that this solution will enhance reliability and lower the capital and operational costs compared to other alternatives. Novatron plans to make fusion energy commercially available in the 2030s.

All Updates

Antora Energy launches first commercial-scale battery system

EOS Energy to develop project AMAZE with USD 399 million loan commitment from DOE

First Light Fusion partners with Sandia National Laboratories

Novatron Fusion raises EUR 5 million in seed funding round

Northvolt raises USD 1.2 billion in convertibles notes

Form Energy receives USD 12 million grant

Energy Vault partners with KORE Power on major supply agreement

Focused Energy signs long-term strategic collaboration with Oxford Sigma

Marvel Fusion partners with Colorado State University to develop USD 150 million laser facility

Enerkem partners with Technip Energies to accelerate technology deployment