Antora Energy Raises $550M for Thermal Battery Deployment in US Industrial and Data Center Markets

Published: Jul 31, 2026 22:49
Thermal energy storage provider Antora Energy has closed a $550 million Series C funding round to accelerate deployment of its thermal battery systems for industrial facilities and data centers in the United States. While not a lithium-ion BESS, the raise is significant for the broader storage sector as it demonstrates investor willingness to fund alternative long-duration storage technologies. Antora’s systems store energy as heat and deliver both electricity and industrial process heat, addressing a segment of the market that electrochemical batteries cannot serve. The funding round, one of the largest for a non-lithium storage technology this year, signals growing diversification in the U.S. storage investment landscape beyond conventional battery chemistries.

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