Top 19 Thermal Energy Storage startups

Updated: Feb 15, 2026
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TES startups leverage technologies such as phase change materials, sensible heat storage and thermal batteries to create energy storages.
1
Antora Energy
Country: USA | Funding: $220M
Antora Energy is electrifying heavy industry with thermal energy storage for zero-carbon heat and power.
2
EnergyNest
Country: Norway | Funding: $131.5M
EnergyNest offers a truly game changing technology for storing thermal energy on a large scale.
3
Sunamp
Country: UK | Funding: $43.5M
Sunamp is a company that provides industrial and residential heat battery storage systems.
4
Hyme
Country: Denmark | Funding: $26.6M
Hyme is maturing a grid-scale thermal energy storage solution based on molten salts to greatly improve the integration of sustainable energy in the energy system.
5
Kraftblock
Country: Germany | Funding: €25.5M
Kraftblock is the energy storage, based on a bottom-up materials-development, which enables the energy transition to 100% renewables in an ecological and economical sensfull way.
6
Electrified Thermal Solutions
Country: USA | Funding: $24.3M
Electrified Thermal Solutions creates ultra-high-power, commercial-scale thermal batteries that help manufacturers reduce emissions. Their thermal battery system uses electricity to heat metal oxide refractory bricks for hours and then transfers the stored heat to industrial furnaces, boilers and kilns when needed. The thermal energy is released by blowing air through the brick stacks. The company has already launched its first commercial-scale thermal battery (with a capacity of 20 megawatt-hours) at the Southwest Research Institute in San Antonio. The startup is also partnering with ArcelorMittal to test its thermal storage technology and is considering piloting the system at a steel mill, where it could potentially replace fossil-gas-fired heat.
7
Fourth Power
Country: USA | Funding: $19M
Fourth Power is an energy storage startup that uses thermal batteries.
8
Cheesecake Energy
Country: UK | Funding: £14M
Cheesecake Energy is developing advanced thermal and compressed air energy systems to store energy.
9
Eco-Tech Ceram
Country: France | Funding: €16.5M
ETC specializes in thermal storage, energetic efficiency, industrial wastes recovery high valuation and advanced materials characterization.
10
MGA Thermal
Country: Australia | Funding: $15M
Making 24/7 renewables a reality through Thermal Energy Storage.
11
Harvest Thermal
Country: USA | Funding: $12.8M
Harvest Thermal develops a control system for home use that integrates heating, hot water, and cooling with thermal storage.
12
Kyoto Group
Country: Norway | Funding: $11.5M
Kyoto Group is a manufacturer of thermal batteries.
13
TIGI Solar
Country: Israel | Funding: $8M
Tigi is an domain of renewable thermal energy generation and storage for large heat users – commercial and industrial.
14
Cowa Thermal Solutions
Country: Switzerland | Funding: CHF3.1M
Cowa Thermal Solutions develops thermal energy storage technology based on phase-change materials.
15
NETenergy
Country: USA | Funding: $2.8M
NETenergy is a thermal energy storage company that is creating a thermal battery designed to offset peak electricity load.
16
1414 Degrees
Country: Australia
1414 Degrees clean energy storage is set to reduce energy costs by increasing the efficiency of renewable generation and stabilising grid supply.1414 Degrees’ thermal energy storage system (TESS) is highly efficient, clean, scalable, sustainable and unlike any other energy storage system in the world.
17
AED Energy
Country: UK | Funding: $100K
Aed Energy is developing transformative longer-duration energy storage technology.
18
HeatVentors
Country: Hungary
HeatVentors developed a thermal energy storage tank based on phase change material technology called HeatTANK.
19
Calectra
Country: USA
Calectra creates thermal batteries for heavy industry that provide high-temperature heating for industrial processes. The Calectra thermal battery can be installed in existing production facilities. It is charged with electricity during low-cost hours, 4 to 8 hours per day (electric current passes through a ceramic material, which converts electricity into heat at 1800°C and accumulates it). The battery stores heat for several days in ceramic blocks and releases it when needed: air or another gas passes through the battery, which is then fed into the process at a constant, selected temperature of up to 1600°C. Calectra can replace fossil fuel burners or operate in parallel with them for maximum flexibility and fuel reliability.
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Alexander Gillet
Editor: Alexander Gillet
Alexander Gillet is a senior editor for EnergyStartups. He has a deep background in energy sector and startups. Alexander graduated from Emlyon Business School, a leading French business school specialized in entrepreneurship. He has helped several non-profit organizations dedicated to promoting environmental education and sustainability and has written over 250 articles on energy technology for various websites. In his free time, Alexander enjoys yoga, camping and exploring the Blue Ridge Mountains. You can contact Alexander at alexgillet(at)energystartups(dot)com