# Kraftblock

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kraftblock

- Industry: Renewable Energy
- Headquarters: Germany
- Website: www.kraftblock.com
- Total disclosed funding: $22M
- Latest round: Series B (Aug 7, 2023)
- Investors on record: 8

## About

Based in Germany, Kraftblock GmbH operates as a provider of high-temperature thermal energy storage systems, facilitating industrial transitions to renewable energy sources while optimizing energy costs.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. The company recently raised EUR 20 million in Series B funding on August 7, 2023, led by Shell Ventures, reaching a total raised amount of EUR 20 million with a current valuation of EUR 72.24 million.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. The company operates in multiple geographical markets, focusing on regions with a strong emphasis on transitioning to sustainable energy solutions.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. While specific pricing information for these offerings is not disclosed, the structure reflects a comprehensive service-based model that accommodates the unique energy requirements of diverse industrial clients.In August 2023, Kraftblock GmbH raised EUR 20 million in Series B funding led by Shell Ventures, with participation from A&G Group, Finindus, Future Industry Ventures, Moore Strategic Ventures, and TechEnergy Ventures. The company will use the funding to expand its operations and business reach, as well as to increase its human resource and production capacity. 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.

## Funding rounds

- Series B, Aug 7, 2023, $22M — Shell Ventures, Finindus, Moore Strategic Ventures, Future Industry Ventures, TechEnergy Ventures, A&G
- Seed, Oct 1, 2018 — Freigeist
- Seed, Jun 1, 2015 — SWG

## Investors

- SWG (https://capitalatlas.ai/funds/swg) — Seed
- Freigeist (https://capitalatlas.ai/funds/freigeist) — Seed
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series B
- Finindus (https://capitalatlas.ai/funds/finindus) — Series B
- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series B
- Future Industry Ventures (https://capitalatlas.ai/funds/future-industry-ventures) — Series B
- TechEnergy Ventures (https://capitalatlas.ai/funds/techenergy-ventures) — Series B
- A&G (https://capitalatlas.ai/funds/a-g) — Series B