Series A Funding Success for Fourth Power’s Innovative Energy Storage Solutions
Boston-based Fourth Power has achieved a significant milestone by securing $19 million in Series A funding, led by DCVC and featuring contributions from Breakthrough Energy Ventures and the Black Venture Capital Consortium. The funds are earmarked for expanding operations and extending the company’s business footprint.
Transformative Thermal Battery Technology Redefining Clean Power Landscape
Fourth Power, spearheaded by CEO Arvin Ganesan, specializes in utility-scale thermal battery solutions that revolutionize renewable energy storage. MIT and Georgia Tech scholars developed this cutting-edge technology, utilizing thermophotovoltaic (TPV) solar cells to convert heat stored in carbon blocks into instant electricity.
The unique system stores renewable energy as heat, allowing flexibility in dispatching electricity to the grid within seconds. Liquid tin, heated by a thermal battery, moves through a piping system to illuminate stacks of carbon blocks until they reach a white-hot glow. Subsequently, thermophotovoltaic (TPV) cells capture the light, transforming it into electricity.
Maximizing Renewable Energy Value with Scalable and Modular Solutions
Fourth Power’s thermal battery system prioritizes efficiency and cost-effectiveness, offering grid operators unprecedented control and flexibility. The modular and scalable design permits the addition of carbon blocks to extend storage duration, aligning with the growing demand for renewable energy generation. This transformative approach positions Fourth Power as a trailblazer in the renewable energy storage landscape, poised to play a pivotal role in shaping a sustainable energy future.
Source：finsmes.com
