Kraftblock
Latest round
- Series B
Last raised
- Aug 2023
Total raised
- $22M
Investors
- 8
About Kraftblock
Kraftblock GmbH specializes in high-temperature thermal energy storage solutions. Founded by Susanne König, the company has undergone strategic developments to meet growing industrial energy demands. The headquarters is located in Germany.Kraftblock specializes in high-temperature thermal energy storage systems, enabling industrial sectors to transition to renewable energy sources effectively. Their primary offering allows customers to purchase electricity during off-peak hours when rates are lower and utilize stored energy when needed, significantly reducing overall energy costs. The technology is designed to supply hot air, thermal oil, steam, or water at temperatures ranging from 50°C to 1,300°C, making it suitable for various applications across industries such as steel, pulp and paper, energy and utilities, glass, ceramics, food and beverages, pharmaceuticals, chemicals, and oil and gas. Kraftblock's clientele includes large-scale industrial players aiming to decarbonize their energy systems and optimize energy expenses.Kraftblock generates revenue through direct partnerships with industrial clients, providing tailored energy storage solutions to meet specific operational needs. The company engages in B2B transactions, offering its high-temperature thermal energy storage systems through a structured project execution process that includes feasibility studies, engineering, and integration of the storage solutions. Revenue is realized upon the successful completion of each project, with clients making payments tied to project milestones. The company's flagship products, which enable significant cost savings on electricity, facilitate flexible electrification strategies for industries, further enhancing customer value. Kraftblock is focused on developing new products to enhance its offerings and plans to enter new markets to solidify its presence in the renewable energy sector.
Who invested in Kraftblock
8 investors across 3 rounds
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Questions about Kraftblock
Who invested in Kraftblock?
Kraftblock has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Kraftblock raised?
Kraftblock has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Kraftblock last raise money?
Kraftblock's most recent round on record is a Series B, in Aug 2023.
What does Kraftblock do?
Kraftblock GmbH specializes in high-temperature thermal energy storage solutions.
Where is Kraftblock headquartered?
Kraftblock is headquartered in Germany.
Which VCs invest in companies like Kraftblock?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back renewable energy companies at Kraftblock's stage. Their profiles are linked below.
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