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§ Private Profile · Sulzbach, Saarland, Germany
Develops and manufactures modular high-temperature thermal energy storage systems (350-1300°C) for heavy industry, focused on decarbonizing.
Kraftblock, based in Sulzbach/Saar, Germany, develops and manufactures modular high-temperature thermal energy storage systems designed to decarbonize heavy industry by replacing fossil fuels in process heat. These container-sized units utilize patented materials, made up to 85% from recycled waste, to store heat from 350°C to 1,300°C, releasing it as hot air, steam, or electricity for sectors like steel, glass, and chemicals. The company, which employs 15 people, secured €20 million in 2023 from six investors, enabling further development and market expansion of its long-duration storage technology. Key investors include Shell Ventures, Finindus, Koolen Industries, and Frank Thelen's Deep Tech Fund Freigeist Capital. Kraftblock was founded in 2014 by Dr. Martin Schichtel and Dr. Susanne König.
Kraftblock has raised $22.0M across 1 funding round.
Kraftblock has raised $22.0M in total across 1 funding round.
Kraftblock has raised $22.0M in total across 1 funding round.
Kraftblock's investors include Jermaine Saaltink, Hans Maenhout, Future Industry Ventures.
Kraftblock has raised $22.0M across 1 funding round. Most recently, it raised $22.0M Series B in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 11, 2023 | $22M Series B | Jermaine Saaltink | Hans Maenhout, Future Industry Ventures | Announced |