Thermal storage in sand that converts renewable electricity into industrial heat.
| Date | Round | Amount |
|---|---|---|
| Apr 2026 | Seed Finland's TheStorage closed a EUR 3.6M seed led by Voima Ventures to cut factories' energy bills by up to 70% with thermal storage in sand. | $4.2M |
| Oct 2024 | Funding round TheStorage raised €1M from 2C Ventures and Superhero Capital to build a proof-of-concept of its sand-based thermal energy storage system. | $1.1M |
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