SABIC

Rondo Energy Secures $60 Million from Global Giants and Leading Climate Investors to Speed Industrial Decarbonization

📅 Date: August 16, 2023

🔖 Topics: Funding Event

🏢 Organizations: Rondo Energy, Rio Tinto, Microsoft, Aramco, SABIC

Rondo Energy, a leading provider of zero-carbon industrial heat and power, has raised $60 million in a new financing planned to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market. Rio Tinto, Aramco Ventures, SABIC, SCG, TITAN, and SEEIT have joined Rondo’s Strategic Investor Advisory Board (SIAB).

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