Battery Startup Raises $550 Million Amid Boom in AI Data Centers
The Series C will fund a second factory and new projects as data centers and heavy industry seek cheaper long-duration storage.
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3 Articles
Antora snags $550M for heat batteries to run data centers and…
The startup Antora Energy just raised $550 million to build and deploy more of its heat-storing batteries for powering data centers and cleaning up factories. On Thursday, San Jose, California–based Antora said it closed a Series C funding round co-led by climatetech investor G2 Venture Partners and the VC firm…
AI Power Crunch is Spurring an Off-Grid Battery Boom
Utility infrastructure delays across the US power grid are forcing artificial intelligence developers to bypass traditional electrical utilities. Technology firms and infrastructure investors are directing capital into transportable battery systems and massive solar-storage power purchase agreements to address the severe power constraints faced by high-density data centers.The financial market is actively rewarding equipment providers capable of…
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