tech eu
Summary
Finnish climate tech startup, TheStorage, has secured €1 million in funding from 2C Ventures and Superhero Capital to address one of the largest challenges in green transition – decarbonizing industrial heat.
The company envisions large-scale Combined Heat and Power (CHP) storage units capable of supplying both electricity and heat to industrial users and district heating systems. These systems use a steam turbine to convert stored thermal energy into electricity and heat, with electricity from the grid acting as the "fuel." This electricity heats the storage material, which can later be discharged to produce steam and run the turbine, providing a steady and predictable energy supply.
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