Breaking News: Rondo Energy announces €75M project funding with Breakthrough Energy Catalyst and the European Investment Bank.
Three Rondo Heat Battery installations will decarbonize food, clean fuel, and chemical production across Europe.
Today at the Breakthrough Energy Summit, Rondo Energy, Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank (EIB) announced €75 million in funding that will support three groundbreaking industrial decarbonization projects in Europe.
Rondo will use the funding to expand its European presence and build projects delivering low-cost clean energy under long-term contracts. Each project has been optimized to capture low-cost intermittent energy from local and remote wind and solar resources, to deliver “drop-in decarbonization” for producers of food and beverage, clean fuel, and chemical production. The facilities will deliver low-cost, continuous, high-pressure, zero-carbon steam and power as a service.
Rondo Heat Batteries (RHBs) combine century-old materials and cutting-edge automation to turn intermittent renewable electricity into the continuous, high-temperature heat and power required by industries.
Drop-In Decarbonization for Covestro's Chemical Production:
Covestro, one of the world’s leading manufacturers of high-quality polymer materials and their components, has selected Rondo to deliver clean energy services at a production facility in Northern Germany. An RHB100 will be delivering continuous steam powered by intermittent renewable energy, contributing to Covestro’s deep commitment to circularity and decarbonization.
Heat battery replaces fossil fuels in GreenLab’s green industrial park:
GreenLab is a pioneer green and circular industrial park in Denmark, that works to demonstrate how energy waste can be reduced in industry. Rondo will build a “clean utilities core” supplying the companies in GreenLab with green heat. An RHB100 powered by renewables will generate high pressure steam to drive a CHP steam turbine generator cycle, translating intermittent electricity into baseload heat and power for multiple companies at the park.
One of the first companies in the park to benefit from Rondo’s heat battery will be using the green heat to produce low-carbon biogas, eliminating the use of fossil fuels in the process. This first installation will establish the performance, processes, and tools needed to expand the clean utilities core at GreenLab and to build other parks like this one powered by the wind and the sun.
Decarbonizing Food & Beverage Production:
Rondo will also build a third project that charges from on-site and off-site solar, delivering deep decarbonization for a European producer in the food and beverage sector, with further details to be announced soon.
More details: https://lnkd.in/gcjziQca
Mechanical Engineer | Committed to combating climate change, I drive engineering solutions in renewable energy and environmental technologies to optimize efficiency, reduce emissions, and champion a sustainable future
1wCongratulations to Amber Allred and the Rondo team! It’s inspiring to see such strong leadership driving diversity and equity in the climate tech space. Fostering an inclusive environment is key to innovation and sustainability. How do you think diversity initiatives will continue to shape the future of climate tech careers? #ClimateTech #DiversityInTech #SustainableLeadership