Kraftblock has successfully raised €20 million in a Series B financing round to enhance its sustainable high-temperature energy storage solutions aimed at decarbonizing heavy industries.

Target Information

Kraftblock is a Germany-based company specializing in sustainable high-temperature energy storage solutions. Through its innovative and patented thermal storage technology, the company plays a crucial role in facilitating the energy transition and decarbonizing processes across multiple sectors, including food, chemicals, paper, ceramics, and steel. Kraftblock’s technology allows for the storage and time-shifting of waste heat or renewable power, enabling the replacement of fossil fuels with green heat at temperatures exceeding 1,300°C (2,500°F). Notably, Kraftblock has entered into a partnership with PepsiCo and Eneco to develop the world’s largest commercial high-temperature storage system at a food production facility.

Industry Overview in Germany

Germany is recognized as a leader in the energy transition, driven by its commitment to renewable energy sources and sustainability. The nation aims to reduce greenhouse gas emissions significantly and has implemented various initiatives and regulations to promote the adoption of clean energy technologies across industries. This focus on decarbonization has created a robust market for innovative solutions like those offered by Kraftblock.

Heavy industries, which are often reliant on fossil fuels, face increasing pressure to adopt greener technologies. As a result, there is a growing demand for high-efficiency energy storage systems that can fac