# RedoxBlox

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

- Industry: Energy Storage & Batteries
- Headquarters: San Diego, US
- Website: www.redoxblox.com
- Total disclosed funding: $12M
- Latest round: Series A (Jul 3, 2024)
- Investors on record: 5

## About

Based in San Diego, California, RedoxBlox specializes in thermochemical energy storage technology, providing innovative solutions that replace fossil fuels with sustainable alternatives, addressing energy reliability and sustainability for industrial clients.RedoxBlox, founded in 2020, focuses on thermochemical energy storage systems. It has successfully completed 3 deals, with the most recent deal occurring on July 3, 2024. The company raised USD 2.342 mn in Series A funding led by Prelude Ventures, backed by investors including Breakthrough Energy Ventures and Khosla Ventures. CEO Dane Boysen leads the firm, which remains independent without references to parent or subsidiary companies.RedoxBlox specializes in innovative thermochemical energy storage technology, specifically its Redoxblox TCES system, designed to replace fossil fuels with a lower carbon and cost-effective alternative. This technology combines sensible heat and chemical energy storage, providing solutions for decarbonized industrial heat and baseload power requirements. The core product serves industries that require scalable energy solutions, offering 2-4 hours of intermittent low-cost power, thereby addressing the challenges of energy reliability and sustainability. RedoxBlox's client base includes industrial manufacturers and energy providers, particularly in North America and Europe, where the demand for decarbonization and renewable energy sources is growing.RedoxBlox's revenue structure primarily arises from B2B transactions involving partnerships with industrial clients and energy providers who seek sustainable energy solutions. These transactions are structured around long-term contracts that facilitate the installation and maintenance of their thermochemical energy storage systems. Revenue is generated through the sale of the Redoxblox TCES technology, tailored to meet the specific energy needs of clients, providing them with reliable power over extended durations. While specific pricing plans are proprietary, they align with the scale of deployment and the energy demands of their customers, ensuring a steady revenue stream as clients increasingly shift towards decarbonized energy solutions.In July 2024, RedoxBlox secured USD 2.34 mn in Series A funding to support grid storage and industrial decarbonization with next-generation thermochemical energy storage systems. The company plans to expand its operations into new markets, particularly targeting regions in Europe and Asia by the end of 2025. Upcoming product launches include advancements in their TCES technology aimed at enhancing efficiency and scalability, further supporting the global transition to renewable energy.

## Funding rounds

- Series A, Jul 3, 2024, $2.3M — Khosla Ventures, Prelude Ventures, Breakthrough Energy Ventures, Imperative Ventures, New System Ventures
- Series A, Aug 18, 2022, $9.4M — Khosla Ventures, Breakthrough Energy Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A
- Prelude Ventures — Series A
- Imperative Ventures (https://capitalatlas.ai/funds/imperative-ventures) — Series A
- New System Ventures (https://capitalatlas.ai/funds/new-system-ventures) — Series A