Airloom Energy
Seed Round in 2024
Airloom Energy is a developer of innovative wind energy solutions that utilizes lightweight airframes to harness wind power efficiently. By employing a unique design that propels wings along a slender oval track, the company generates energy comparable to traditional turbines but at significantly reduced costs. Its flexible configuration allows for adaptation to various landscapes and applications, enabling clients to capture wind energy in a more cost-effective and expedited manner. Through this technology, Airloom Energy aims to provide low-cost utility-scale wind energy, making it a promising alternative source of renewable energy.
Fourth Power
Series A in 2023
Fourth Power is an energy storage startup that specializes in thermal battery technology. The company focuses on utility-scale thermal storage to convert excess renewable energy from sources like wind and solar into a reliable, on-demand energy supply. Its innovative storage solutions are designed to optimize the use of wasted renewable energy production, effectively addressing grid demands while reducing reliance on fossil fuels. Fourth Power offers a modular storage system that can adapt and expand alongside the grid, providing both short-duration and long-duration energy storage capabilities. This flexibility enables clients to enhance their energy management and allows grid operators to control the timing and usage of stored energy, facilitating a smoother transition to fully decarbonized infrastructure.
Malta
Venture Round in 2023
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.
Airloom Energy
Seed Round in 2023
Airloom Energy is a developer of innovative wind energy solutions that utilizes lightweight airframes to harness wind power efficiently. By employing a unique design that propels wings along a slender oval track, the company generates energy comparable to traditional turbines but at significantly reduced costs. Its flexible configuration allows for adaptation to various landscapes and applications, enabling clients to capture wind energy in a more cost-effective and expedited manner. Through this technology, Airloom Energy aims to provide low-cost utility-scale wind energy, making it a promising alternative source of renewable energy.
Xcel Energy is an electric and natural gas utility company based in Minneapolis, Minnesota, founded in 1909. It serves approximately 3.8 million electric customers and 2.2 million natural gas customers across eight states. The company is involved in the generation, transmission, distribution, and sale of electricity, utilizing a diverse mix of energy sources including coal, nuclear, natural gas, hydro, solar, biomass, oil, and wind. Xcel Energy is recognized as one of the largest suppliers of renewable energy in the United States, with over half of its electricity sales derived from carbon-free sources. Its operations are organized into five segments: electricity, natural gas, renewable energy, transmission, and innovation, which also includes the development and leasing of natural gas pipelines and related facilities.
Antora Energy
Series A in 2022
Antora Energy specializes in providing zero-carbon industrial heat and power solutions for heavy industries, offering a more reliable alternative to fossil fuels. The company develops innovative thermal batteries that utilize excess solar and wind electricity to heat blocks of carbon, creating a sustainable energy source. These thermal energy storage systems effectively convert heat energy into electric energy, facilitating the electrification of heavy industry. By enabling the integration of renewable resources into the electricity grid, Antora Energy aims to deliver convenient, sustainable, and reliable electricity while significantly reducing carbon emissions on a global scale.
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.
Form Energy
Series C in 2020
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.
Form Energy
Series B in 2019
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.
Malta Inc. is a developer of innovative industrial-grade energy storage solutions based in Cambridge, Massachusetts. Founded in 2018, the company focuses on a unique electro-thermal energy storage system that captures energy from diverse sources including wind, solar, and fossil fuels. This system converts electrical energy into thermal energy and stores it in molten salt, allowing for energy to be held for extended periods. When demand arises, the stored thermal energy is reverted back into electrical energy and dispatched to the grid, ensuring a reliable supply of electricity. Malta's technology addresses challenges such as wind and solar curtailment and enhances the efficiency of electricity distribution and transmission, thus playing a pivotal role in delivering affordable and timely energy to the market. Incubated at X, the Moonshot Factory, the company is backed by prominent venture capital and commercial partners in the power industry.