Rondo Energy
Rondo Energy is a Thermal Storage company founded in 2020 and based in Oakland, USA. It has raised $82M in total funding, most recently a Series B in 2023.
Rondo Energy delivers continuous high-temperature heat and power from intermittent renewables using thermal batteries. $300M+ raised; systems deployed in California and Thailand; modular brick-based heat battery targets 24/7 clean industrial heat.
Bill Gates-backed thermal storage scaling fastest in the industrial heat market with first commercial deployments underway.
At a glance
Total raised
$82M
Headcount
51-200
Headquarters
Oakland
Founded
2020
Status
Private
Subsector
Thermal Storage
Energy, ranked
Top 25 Energy companies →Funding history
Total raised
$82M
Rounds tracked
2
Latest stage
Series B
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Aug 17, 2023 | Series B | $60M | — | — |
| Feb 8, 2022 | Series A | $22M | — | Breakthrough Energy Ventures, Energy Impact Partners |
