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RedoxBlox Secures $15.6 Million to Advance Revolutionary Thermochemical Energy Storage Technology for Industrial Applications

RedoxBlox has secured $15.6 million in grants and financing to advance its thermochemical energy storage technology, which aims to revolutionize industrial heat applications and renewable energy storage. The California Energy Commission (CEC) and the U.S. Department of Energy (DOE) have received $8.9 million from the CEC and $6.7 million from DOE to support demonstrations of its technology. The grants follow a $9.4 million Series A financing led by Khosla Ventures, bringing the total funding to $25 million. RedoxyBlox’s TCES technology uses a metal oxide material to store heat in the form of chemical energy and can serve as a drop-in replacement for natural gas. The technology enables electrification of industrial heat and ultra-low-cost energy storage for renewable electricity sources.

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