TheStorage, a climate tech startup from Finland, has raised €1 million in funding to develop its innovative sand-based thermal energy storage technology aimed at decarbonizing industrial heat.

Information on the Target

Tampere, Finland-based climate tech startup, TheStorage, has successfully secured €1 million in funding from 2C Ventures and Superhero Capital. The company aims to tackle one of the most significant challenges of the green transition—decarbonizing industrial heat. Industry consumes about 40% of global energy, with over half of this energy allocated to heat production necessary for various manufacturing processes, ranging from food production to steel manufacturing.

Currently, 75% of industrial heat is generated through fossil fuel combustion. TheStorage is addressing this issue by offering a sand-based thermal energy storage technology that provides a scalable, cost-effective, and fossil-free solution for industrial heat. By enabling industries to harness abundant, low-cost renewable energy, the company aims to facilitate a shift to sustainable practices while maintaining energy stability.

Industry Overview in Finland

Finland's industrial sector represents a crucial component of the economy, contributing significantly to energy consumption. As industries evolve towards sustainability and emission reduction, there is a pressing need t