Kraftblock develops and produces high-temperature energy storage systems to decarbonise energy production and industrial processes. The company's innovative technology uses upcycled materials without rare earths, making it sustainable and low-cost. It offers large-scale, long-duration energy storage, empowering industries to switch to renewable energy.
Kraftblock, a German company, has won the German Energy Efficiency Award. Among many other projects, the company setup the largest commercially deployed high-temperature storage system that replaced a 25 MW gas-fired boiler for heating thermal oil at the PepsiCo factory in Broek op Langedijk.
In 2023, Kraftblock secured €20 million in a Series B financing round led by Shell Ventures, with participation from investors including Finindus, Moore Strategic Ventures, A&G Energy Transition Tech Fund, TechEnergy Ventures, and Future Industry Venture.
€20M • 2023 • Series B
Kraftblock is the multifunctional Energy Storage system for heat and power.
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