# FPR Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fpr-energy

- Industry: Renewable Energy
- Headquarters: Newcastle, Australia
- Website: www.fprenergy.com.au
- Total disclosed funding: $15M
- Latest round: Seed (Nov 26, 2024)
- Investors on record: 2

## About

Based in New South Wales, Australia, and founded in 2024, FPR Energy Limited, a.k.a. FPR Energy focuses on developing and deploying advanced particle-based concentrated solar thermal (CST) technology to provide zero-emissions heat and power solutions for industrial applications. In November 2024, FPR Energy Limited raised USD 15 million in seed funding from RFC Ambrian and Osaka Gas Pension Fund.

FPR Energy specializes in advanced particle-based concentrated solar thermal (CST) technology, providing zero-emissions heat and power solutions suitable for high-grade industrial applications. Their systems utilize ceramic particles to capture and store solar energy, delivering heat at operational temperatures reaching up to 1200 °C. The technology effectively addresses industrial heat demands in sectors such as mineral processing, cement production, chemicals, and food manufacturing.

FPR Energy's revenue model is centered on providing comprehensive and customizable CST solutions to industrial clients, which may include direct sales, partnerships, and tailored service agreements. Transactions typically involve the installation of turnkey systems that encompass high-grade heat storage and specialized engineering services, designed to meet specific client needs. The company engages in business-to-business (B2B) transactions, establishing long-term relationships with industrial customers requiring energy supplies.

The company plans to use its proceeds from November 2024 funding to advance its next-generation solar thermal technology.

## Funding rounds

- Seed, Nov 26, 2024, $15M — RFC Ambrian, Osaka Gas

## Investors

- RFC Ambrian (https://capitalatlas.ai/funds/rfc-ambrian) — Seed
- Osaka Gas — Seed