- Rondo Energy secures €75M project funding with Breakthrough Energy Catalyst and the European Investment Bank for industrial decarbonization projects in Europe
- Three Rondo Heat Battery installations will provide low-cost clean energy for food, clean fuel, and chemical production
- Rondo’s technology converts intermittent renewable electricity into continuous, high-temperature heat and power for industries
- Projects include decarbonization for Covestro’s chemical production, GreenLab’s green industrial park, and a European food and beverage producer
- Breakthrough Energy Catalyst aims to accelerate deployment of emerging climate technologies to reduce emissions and strengthen energy security in Europe
Decarbonizing Industrial Processes with Rondo Energy Project Funding
In a significant move towards decarbonizing industrial processes across Europe, Rondo Energy has secured a substantial €75 million in project funding in collaboration with Breakthrough Energy Catalyst and the European Investment Bank. This funding will support three groundbreaking projects aimed at revolutionizing the production of food, clean fuel, and chemicals in the region.
Rondo Energy and Breakthrough Energy Catalyst Partnership
Rondo Energy’s innovative approach to utilizing renewable energy sources for industrial decarbonization has garnered support from Breakthrough Energy Catalyst. The joint effort aims to eliminate the green premium associated with industrial heat electrification, making clean energy more accessible and cost-effective for producers. Mario Fernandez, Head of Breakthrough Energy Catalyst, highlighted the significance of Rondo’s technology in helping European manufacturers transition away from fossil fuels towards renewable electricity.
Transforming Industrial Facilities with Rondo Heat Batteries
At the core of Rondo Energy’s projects are the Rondo Heat Batteries (RHBs), which seamlessly convert intermittent renewable electricity into continuous, high-temperature heat and power essential for various industries. By leveraging century-old materials and cutting-edge automation, Rondo’s technology offers a unique opportunity for industries to decarbonize their operations affordably. With a focus on delivering low-cost, zero-carbon steam and power as a service, Rondo is paving the way for sustainable industrial practices.
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Impactful Projects in Decarbonization
Rondo Energy’s collaborations extend to diverse sectors, including chemical production, green industrial parks, and the food and beverage industry. The partnership with Covestro, a leading polymer materials manufacturer, underscores the commitment to clean energy services in industrial settings. By deploying Rondo’s heat batteries, Covestro aims to advance its sustainability goals and transition towards climate-neutral production processes.
In Denmark’s GreenLab, Rondo is set to establish a clean utilities core powered by renewable energy sources. This initiative will showcase how industries can significantly reduce energy waste and carbon emissions through innovative technologies. By harnessing the potential of heat batteries, GreenLab is pioneering the shift towards green industrial practices on a global scale.
Moreover, Rondo’s upcoming project in the food and beverage sector holds promise for deep decarbonization, further emphasizing the versatility and impact of Rondo’s technology across various industries.
Rondo Energy’s successful funding collaboration with Breakthrough Energy Catalyst and the European Investment Bank signifies a significant milestone in the journey towards sustainable industrial practices. Through innovative solutions like the Rondo Heat Batteries, industries are empowered to transition towards cleaner energy sources, reducing their carbon footprint and enhancing operational efficiency. This strategic partnership sets the stage for a greener, more sustainable future for industrial sectors across Europe and beyond.
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