Industries require a great deal of heat, which, to date, is typically supplied by fossil fuels like oil and natural gas.
R&D Focus
Thermal energy storage tech
Innovative Solution
MGA Thermal stores excess green energy in metal blocks and can convert it into a supply of process heat, heat & power (cogeneration) or steam for electricity generation.
Solution Effectiveness
MGA Thermal provides replacement for fossil fuel, which are expensive, in industries heating applications and renewable energy storage
Investment Funding
Last Funding Stage
Series A
Total Funding Amount
$28.8M
Last Funding Amount
$5.7M
Last Funding Date
April 16, 2024
Startup Stage
Growth Stage
Lead Investors
Main Sequence, Melt Ventures, JEKARA
People
Founders
Erich Kisi
Alexander Post
Dylan Cuskelly
CEO
Mark Croudace
Products
Demo Product or Complete Product?
Development
Future Plan
Market Expansion
Peregrine Turbine Technologies Partnered with MGA Thermal to deploy their technology in Australia, Europe, and North America
