Getting climate, energy & environment news right.

Startup Wants to Store Spare Renewable Electricity to Power Heavy Industry

Ed Ballard of The Wall Street Journal writes on Rondo Energy.

The C3 Take
  • Heavy industry, which includes steel and cement manufacturing, accounts for roughly 23% of emissions in America.
  • The sector is currently heavily reliant on fossil fuels for energy, but Rondo Energy is looking to change that.
  • The Oakland-based startup is creating a way to convert renewable energy into high temperature energy that can be stored and used to power industrial processes.
  • The innovation of the private sector is key to accelerating clean energy technologies.

“Rondo has picked up high-profile backers. It said Tuesday it raised $22 million from Breakthrough Energy Ventures, a climate-focused investment firm founded by Bill Gates, and Energy Impact Partners, another venture firm. Breakthrough Energy Ventures isn’t related to the Breakthrough Institute.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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