{"id":1500,"date":"2026-03-13T01:32:26","date_gmt":"2026-03-13T01:32:26","guid":{"rendered":"https:\/\/en.esplaza.com.cn\/?p=1500"},"modified":"2026-03-13T01:32:26","modified_gmt":"2026-03-13T01:32:26","slug":"mga-thermal-secures-17m-for-commercial-tech-rollout","status":"publish","type":"post","link":"https:\/\/en.esplaza.com.cn\/index.php\/2026\/03\/13\/mga-thermal-secures-17m-for-commercial-tech-rollout\/","title":{"rendered":"MGA Thermal secures $17M for commercial tech rollout"},"content":{"rendered":"\n

Clean energy company MGA Thermal<\/a> has secured $17 million in new investment for its breakthrough long-duration thermal energy storage technology.<\/p>\n\n\n

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MGA Thermal has developed an Electro-Thermal Energy Storage (ETES) system of thermal blocks that stores renewable electricity as heat and releases it as continuous industrial-grade steam that is available 24\/7.<\/p>\n\n\n\n

The funding round introduces IP Group Australia as a new investor, alongside existing investor Main Sequence. It brings total capital raised to more than $50 million and positions MGA Thermal for rapid expansion.<\/p>\n\n\n\n

MGA Thermal\u2019s blocks deliver 200% more energy than conventional heat storage systems, with a footprint up to 24-times smaller than batteries, unlocking the potential of variable solar and wind as a dependable industrial energy source.<\/p>\n\n\n\n

As part of the investment, Shane Meaney of IP Group Australia will join MGA Thermal\u2019s Board, bringing extensive experience in scaling climate tech ventures across global markets.<\/p>\n\n\n\n

\u201cMGA Thermal is addressing one of the most critical challenges in the energy transition: delivering reliable, low cost, industrial scale storage for renewable heat,\u201d Meaney said.<\/p>\n\n\n\n

\u201cIndustrial heat is the next frontier of decarbonisation\u2014MGA\u2019s technology delivers it 24\/7 for less.<\/p>\n\n\n\n

\u201cWe\u2019re excited to support the team moving into full commercial deployment and look forward to partnering closely with MGA Thermal through this next phase of growth.\u201d<\/p>\n\n\n\n

The funding accelerates MGA Thermal\u2019s transition from pilot deployments to full commercial rollout, enabling the company to expand its workforce, fast track customer projects, and scale manufacturing capacity over the next two years.<\/p>\n\n\n\n

MGA Thermal CEO Mark Croudace said, \u201cWe are entering a period of rapid scale up \u2013 expanding our commercial capability, growing manufacturing, and delivering projects that help industry decarbonise at speed.<\/p>\n\n\n\n

\u201cPartnering with IP Group, alongside continued support from Main Sequence, gives us the global reach and deep tech expertise we need.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Clean energy company MGA Thermal has secured $17 million in new investment for its breakthrough long-duration thermal…<\/p>\n","protected":false},"author":2,"featured_media":1502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company"],"_links":{"self":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/1500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/comments?post=1500"}],"version-history":[{"count":1,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/1500\/revisions"}],"predecessor-version":[{"id":1503,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/1500\/revisions\/1503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/media\/1502"}],"wp:attachment":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/media?parent=1500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/categories?post=1500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/tags?post=1500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}