For thermal battery startups, the median post-money valuation is up 81.9% year over year.

The article focuses on the emerging sector of thermal batteries, which are designed to store heat energy for later use as heat or electricity. Invented by Alessandro Volta in 1800, batteries have evolved significantly, and thermal batteries are now seen as a potential solution to the intermittency issues associated with renewable energy sources like wind and solar. Recent data from PitchBook indicates that thermal battery startups have experienced substantial growth, with a median post-money valuation increase of 81.9% year over year and significant capital investment. Key players in this sector include Antora Energy, Fourth Power, and Malta, with notable funding rounds reported. Despite some skepticism about the broader climate tech market, the article suggests that thermal batteries could play a crucial role in reducing greenhouse gas emissions in the industrial sector. [Extracted from the article]