G2 Venture Partners and Eclipse co-led the financing, which included participation from Decarbonization Partners (BlackRock/Temasek), Lowercarbon Capital, Bill Gates' Breakthrough Energy Ventures, John Doerr (chairman of Kleiner Perkins), Ribbit Capital and others. With the latest round, San Jose, California-based Antora has raised $770 million since its 2017 inception, per Crunchbase. It raised $150 million in a Series B round in February of 2024. With so much data center demand amid the artificial intelligence explosion, Antora says it will use its new capital to speed up deployment of 'large-scale' projects across the country 'to meet surging energy demand.' It recently deployed what it describes as one of the world's largest battery storage projects, a 5 gigawatt-hour system in South Dakota. The company says its tech is differentiated in that thermal batteries store low-cost electricity as heat in insulated blocks of solid carbon and 'deliver it around the clock as heat or...
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