Antora Energy Raises $550 Million in Series C Funding
Antora Energy, based in San Jose, California, has successfully closed a $550 million Series C funding round. The company specializes in thermal energy storage solutions that provide low-cost, reliable heat and power for industrial operations of varying sizes. The funding round, completed on July 29, 2026, was co-led by G2 Venture Partners and Eclipse.
Diverse Investor Participation
The Series C round attracted investment from a range of new and existing investors. New participants include Ribbit Capital, Salesforce Ventures, Activate Capital, John Doerr, Westly Group, StepStone Group, and Liberty Mutual Strategic Ventures. Existing supporters such as Decarbonization Partners, Impact Science Ventures, Trust Ventures, Breakthrough Energy Ventures, and Lowercarbon Capital also contributed to the round.
Leadership at Antora Energy
Antora Energy was co-founded by Andrew Ponec, who also serves as CEO, and Justin Briggs, the Chief Operating Officer. Under their leadership, the company has developed factory-built thermal batteries that convert affordable electricity into continuous heat and power without relying on supply-constrained critical minerals or lengthy construction periods.
Strategic Use of Funds
The newly acquired capital will be used to expand Antora Energy's manufacturing capabilities and enhance their product offerings. The company aims to strengthen American manufacturing through its operations in one of the largest battery gigafactories in the United States, located in San Jose.
The Role of Thermal Energy Storage
Antora Energy's technology addresses the growing demand for sustainable energy solutions in industrial settings, data centers, and the power grid. By providing a reliable and cost-effective energy source, the company supports industries in reducing their carbon footprint and improving energy efficiency.
For more information about Antora Energy and their thermal energy storage solutions, visit their website.