What is Energy Dome?
Energy Dome is an innovative energy technology enterprise dedicated to solving the intermittency challenges of renewable power. By utilizing a closed-loop system that sequesters CO2, the company provides a cost-effective, durable, and long-duration battery storage solution. This technology effectively transforms renewable energy into a dispatchable resource, addressing the fundamental volatility of wind and solar power. With a focus on decarbonization and grid stability, Energy Dome is strategically positioned to capture significant market share within the burgeoning clean-tech sector, leveraging its unique intellectual property to facilitate the global transition toward sustainable energy systems.
How much funding has Energy Dome raised?
Energy Dome has raised a total of $101.6M across 4 funding rounds:
Series A
$11M
Debt
$11M
Other Financing Round
$18.5M
Series B
$61.1M
Series A (2021): $11M with participation from Third Derivative, BARCLAYS BANK, Novum Capital Partners, and 360 Capital Partners
Debt (2022): $11M led by Barclays Capital and Novum Capital Partners
Other Financing Round (2023): $18.5M supported by The European Innovation Council
Series B (2023): $61.1M featuring Barclays, EniNext, and 360 Capital
Key Investors in Energy Dome
360 Capital Partners
A venture capital firm focused on innovation at scale across Europe, particularly in France and Italy, with over 60 years of combined team experience in venture investing.
Barclays
A British multinational universal bank providing comprehensive financial services, including corporate and investment banking, with a strong emphasis on sustainable finance and digital innovation.
Third Derivative
An inclusive global ecosystem founded by RMI and New Energy Nexus that accelerates climate tech innovation by connecting startups with investors, corporate partners, and mentors.
What's next for Energy Dome?
With the recent capital infusion, Energy Dome is poised to accelerate its commercial deployment and operational scaling. The company's roadmap focuses on expanding its manufacturing capabilities and strengthening its presence in key international markets. By leveraging its recent strategic backing, the firm aims to solidify its position as a leader in long-duration energy storage, ensuring that renewable power remains reliable and accessible. Future growth will likely center on optimizing its CO2-sequestering technology for larger grid-scale applications, thereby enhancing its competitive advantage in the global energy transition. The company remains committed to driving innovation in climate tech, with a clear trajectory toward achieving widespread adoption of its proprietary storage systems.
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