FPR Energy, backed by $15M, develops solar thermal tech to tackle industrial emissions in Australia.

Australian venture FPR Energy, backed by $15 million in seed funding, aims to commercialize advanced solar thermal technology to cut industrial emissions, which make up 20% of Australia's carbon footprint. The technology uses low-cost ceramic particles to store sunlight as heat, enabling long-duration energy storage for processes like steel and cement production. FPR Energy plans to develop a 50 MW thermal demonstration plant with up to 16 hours of storage to prove its commercial viability.

November 25, 2024
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