Energy Dome Announces Funding Commitments From Breakthrough Energy Catalyst and the European Investment Bank to Support Construction of Its First Standard Commercial-Scale CO2 Battery
Funding will be in the form of a project-level grant commitment of up to €35,000,000 from Breakthrough Energy Catalyst and €25,000,000 Venture Debt financing commitment from the European Investment Bank, both subject to the satisfaction of funding conditions.
- Funding will be in the form of a project-level grant commitment of up to €35,000,000 from Breakthrough Energy Catalyst and €25,000,000 Venture Debt financing commitment from the European Investment Bank, both subject to the satisfaction of funding conditions.
- View the full release here: https://www.businesswire.com/news/home/20231201183451/en/
Energy Dome's CO2 Battery (Rendering) - Ottana, Sardinia, Italy (Photo: Energy Dome)
Breakthrough Energy Catalyst funds and invests in first-of-a-kind commercial projects for emerging climate technologies. - The project will use a standard frame 20MW/200MWh CO2 Battery, which can supply energy to the grid for ten consecutive hours.
- I am delighted to announce the EIB’s intention to support Energy Dome with a EUR 25 million Venture Debt financing.