Antora Energy closes $550M Series C co-led by G2 and Eclipse
Antora's $550 million Series C backs U.S. thermal-battery deployment and manufacturing expansion after its 5 GWh South Dakota project began delivering energy.
An expanded investment syndicate
New investors include Ribbit Capital, Salesforce Ventures, Activate Capital, John Doerr, Westly Group, StepStone Group and Liberty Mutual Strategic Ventures. Returning investors include Decarbonization Partners, Impact Science Ventures, Trust Ventures, Breakthrough Energy Ventures and Lowercarbon Capital.
From a large deployment to broader rollout
The financing follows deployment of a 5 GWh thermal-storage system in South Dakota. Antora says it moved from construction to energy delivery in less than a year.
Antora plans a second U.S. manufacturing hub after expanding its San Jose factory into a three-building campus. It also reported signed agreements with hyperscalers and industrial companies, providing a pipeline for the next phase of deployment.
Use of funds
Deploy large-scale U.S. energy projects
Increase production and establish a second manufacturing hub
Strengthen domestic supply chains