Fourth Power is revolutionizing the energy storage industry with its innovative thermal battery technology. The company's slogan, "Energy Storage that Grows with the Grid," reflects its mission to make renewable energy a reliable and on-demand power source. Founded in 2021, Fourth Power's proprietary technology enables utility-scale thermal storage, allowing for the efficient utilization of wasted wind and solar production. The company's modular battery system can provide 5 to 10 hours of storage initially and scale up to meet the increasing demands of renewable energy deployment, offering storage for up to 100 hours, or any increment in between. This versatility in providing short- and long-duration energy storage positions Fourth Power as a key player in the transition towards a cleaner and more sustainable energy grid. In December 12, 2023, Fourth Power secured a significant $19.00M Series A investment from notable investors including DCVC, Breakthrough Energy Ventures, and Black Venture Capital Consortium. This funding not only validates the company's potential but also provides the necessary resources for further research, development, and market expansion. Considering the increasing global emphasis on renewable energy and energy storage solutions, Fourth Power is well-positioned to disrupt the traditional energy landscape and drive the transition towards a more sustainable and efficient energy grid.
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