Energy Dome has successfully closed a €40 million Series B funding round to accelerate global commercialization of its CO2 Battery™ technology, aimed at enhancing long-duration energy storage solutions.

Target Company Overview

Energy Dome, based in Milano, has developed the innovative CO2 Battery™—a cutting-edge energy storage solution designed for long-duration storage. Recently, the company announced the successful closure of a €40 million (approximately $44 million) Series B funding round. This significant financial milestone highlights Energy Dome's potential in the energy market, leveraging CO2 as a medium for efficient energy storage.

The CO2 Battery™ is a promising technology that allows renewable energy storage with remarkable efficiency. The system is constructed from readily available materials, primarily steel, water, and CO2, making it not only sustainable but also adaptable to various implementations worldwide. Energy Dome has already begun collaborating with multiple utilities and industries, building a robust project pipeline that exceeds 9 GWh across markets in the U.S., Europe, South America, India, and Australia.

Industry Overview in Italy

Italy's energy sector is undergoing a transformation as it shifts towards renewable sources and sustainable practices. With its commitment to the European Union's decarbonization goals, Italy is investing significantly in green techno