Germany
KRAFTBLOCK is at the forefront of revolutionizing the energy storage landscape, targeting heavy industries such as steel, glass, ceramics, food, chemicals, and paper with a unique sustainable solution. Founded in 2014 and headquartered in Germany, the company is enthusiastic about decarbonizing industry sectors by repurposing atmospheric heat, thereby minimizing carbon emissions and offering a viable alternative to fossil fuels.
The innovation lies in their modular, scalable energy storage system that primarily utilizes a newly developed storage material composed of approximately 85% upcycled materials. This material can store up to 1.2 MWh of thermal energy at temperatures up to 1,300°C, supporting industries in transitioning towards renewable energy sources. Its mobile capabilities add flexibility, allowing heat to be stored at one location and utilized at another.
KRAFTBLOCK's recent €20.00M Series B investment, led by Redstone in August 2023, emphasizes investor confidence in their commitment to sustainability, ESG objectives, and renewable energy innovation.
Fourth Power