Start-up protects EUR7.6 M for sand battery that can heat up a town
Last month, Finnish start-up Polar Night Energy revealed that it is constructing a huge sand battery efficient in heating up a town of 5,000 individuals for as much as a month. That's on a single charge.
Polar Night is building the sand battery for the town of Pornainen in southern Finland. The system is anticipated to allow the town cut all oil usage in its district heating network-- slashing greenhouse gas emissions by 70%.
Now, Polar Night Energy has actually protected a substantial EUR7.6 mn to scale its thermal energy storage tech. The start-up's co-founder Markku Ylönen stated he was "delighted" with the raise, especially given that we remain in among history's greatest declines in VC financing.
"There's been significant interest in our work, with financiers identifying our capacity,...