Exergy3 Raises £10m to Turn Surplus Power Into Industrial Heat

Exergy3 Raises $13.5 Million to Decarbonize Industrial Heat with Unused Renewable Energy

Cleantech startup Exergy3 announced that it has raised £10 million (USD$13.5 million) in a seed funding round, with proceeds to be used to scale its technology designed to address 2 key energy challenges by converting surplus renewable power into clean industrial heat. Industrial heating uses high amounts of energy, often from fossil fuel-based sources, in […]

Edinburgh University spinout Exergy3 raises £10m to turn wasted wind power into industrial heat

Exergy3 has closed a £10m seed round to commercialise technology that converts curtailed renewable electricity into high-temperature heat for industrial use, tackling grid waste and factory emissions in one go. The Edinburgh University spinout has developed modular thermal energy storage units that take surplus power, such as wind generation the grid cannot absorb in real […] The post Edinburgh University spinout Exergy3 raises £10m to turn wast…

Exergy3 raises £10m to turn surplus power into industrial heat

Exergy3 has raised £10 million in seed funding to scale its proprietary technology addressing three of Europe’s most pressing challenges: industrial decarbonisation, grid balancing and energy security. The raise comes as strain on the European energy system intensifies. In the UK alone, £2.7 billion was spent balancing the grid in 2024/25 – driven by a growing mismatch between supply and demand, as renewable generation increasingly exceeds what …