What is Exergy3?
Founded in 2023 and headquartered in Edinburgh, Scotland, Exergy3 is a clean-tech spinout from the University of Edinburgh. The company is focused on developing and commercializing a novel form of ultra-high temperature energy storage technology. This innovative solution is designed for application in industrial processes, district heating systems, and combined heat and power generation, aiming to provide sustainable energy solutions and reduce carbon emissions.
How much funding has Exergy3 raised?
Exergy3 has raised a total of $14.8M across 2 funding rounds:
Other Financing Round
$1.3M
Seed
$13.5M
Other Financing Round (2024): $1.3M with participation from Old College Capital, Zero Carbon Capital, and Scottish Enterprise
Seed (2026): $13.5M led by Bayern Kapital, Kibo Invest, Scottish Enterprise, Old College Capital, Axeleo Capital (AXC, and Zero Carbon Capital
Key Investors in Exergy3
Old College Capital
Old College Capital (OCC) is the University of Edinburgh's venture investment fund, supporting early-stage businesses associated with the university.
Zero Carbon Capital
Zero Carbon Capital focuses on investing in innovative, early-stage, deep-tech companies that combat climate change and accelerate the transition to zero carbon.
Scottish Enterprise
Scottish Enterprise is the national economic development agency of the Scottish Government, supporting businesses and economic growth in Scotland.
What's next for Exergy3?
With substantial backing, Exergy3 is poised for significant growth and technological advancement. The recent major strategic investment suggests a focus on scaling operations, further research and development, and potentially expanding market reach. The company's trajectory indicates a move towards commercialization and deployment of its ultra-high temperature energy storage technology, positioning it as a key player in the clean-tech sector's drive towards industrial decarbonization.
See full Exergy3 company page
