RedoxBlox Secures $25M to Revolutionize Energy Storage Technology

• RedoxBlox secures $15.6 million in grants and financing to advance its thermochemical energy storage technology, aiming to revolutionize industrial heat applications and renewable energy storage.

RedoxBlox, a leader in energy storage solutions, has received $8.9 million from the California Energy Commission (CEC) and $6.7 million from the U.S. Department of Energy (DOE) to support demonstrations of its thermochemical energy storage (TCES) technology. The grants follow the company's $9.4 million Series A financing led by Khosla Ventures, bringing the total funding to $25 million. RedoxBlox's TCES technology aims to deliver zero-carbon electricity and heat and be cost competitive with natural gas for industrial heat applications. The company's high-temperature thermochemical battery offers energy densities comparable to lithium-ion batteries at a fraction of the cost, enabling electrification of industrial heat and ultra-low-cost energy storage for renewable electricity sources.

RedoxBlox has been selected by the CEC and the DOE for pioneering long-duration energy storage solutions. In partnership with the University of California, San Diego (UCSD) and the Electric Power Research Institute (EPRI), RedoxBlox will power a turbogenerator with its technology, providing up to 24 hours of energy storage capacity. The DOE's Industrial Efficiency and Decarbonization Office has also chosen RedoxBlox for an industrial-scale TCES project conducted in partnership with Dow and EPRI, showcasing the decarbonization of industrial steam at the Dow West Virginia plant. RedoxBlox's TCES technology uses a proprietary metal oxide material to store heat in the form of chemical energy and can serve as a drop-in replacement for natural gas.

What funding has RedoxBlox received for its TCES technology and what are its applications?

• RedoxBlox has received $8.9 million from the California Energy Commission (CEC) and $6.7 million from the U.S. Department of Energy (DOE) to support demonstrations of its thermochemical energy storage (TCES) technology.
• The company's total funding amounts to $25 million, including a $9.4 million Series A financing led by Khosla Ventures.
• RedoxBlox's TCES technology aims to deliver zero-carbon electricity and heat and be cost competitive with natural gas for industrial heat applications.
• The high-temperature thermochemical battery developed by RedoxBlox offers energy densities comparable to lithium-ion batteries at a fraction of the cost.
• The technology enables electrification of industrial heat and ultra-low-cost energy storage for renewable electricity sources.
• RedoxBlox has been selected by the CEC and the DOE for pioneering long-duration energy storage solutions.
• In partnership with the University of California, San Diego (UCSD) and the Electric Power Research Institute (EPRI), RedoxBlox will power a turbogenerator with its TCES technology, providing up to 24 hours of energy storage capacity.
• The DOE's Industrial Efficiency and Decarbonization Office has chosen RedoxBlox for an industrial-scale TCES project conducted in partnership with Dow and EPRI.
• The project will showcase the decarbonization of industrial steam at the Dow West Virginia plant.
• RedoxBlox's TCES technology uses a proprietary metal oxide material to store heat in the form of chemical energy.
• The technology can serve as a drop-in replacement for natural gas, offering a sustainable alternative for industrial heat applications.