Energy Dome extends its financing round

Energy Dome revolutionizes energy storage with its CO2 Battery™. Thanks to a second round of financing of €55 million, the company is aiming for global expansion in the fight against climate change.

Share:

Energy Dome

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Energy Dome, the company behind the CO2 Battery™, an innovative long-life energy storage solution, announces the closing of the second tranche of its Series B financing. This brings the total amount raised to €55 million (approximately $60 million). The first tranche of 40 million euros was closed in April 2023, with the participation of investors such as Eni Next and Neva SGR.

Energy Dome opens up to the world: new investors and ambitious green projects

In this second phase of financing, Energy Dome has attracted new investors, including Innovation Development Oman Investments, Vopak Ventures and investors represented by Sagana. Investors already present in the first tranche, such as 360 Capital and CDP Venture Capital, also reinvested in this stage.

Energy Dome’s main objective is to contribute to the fight against climate change by offering a solution for decarbonizing electricity. The technology developed by the company makes it possible to use solar and wind power continuously, eliminating the intermittency that can hamper the integration of renewable energies into the power grid.

With these new funds, Energy Dome plans to expand its activities worldwide and pursue the development of a pipeline of projects with a total capacity of over nine GWh. These projects are destined for utilities, independent power producers and businesses on five continents.

Energy Dome and the CO2 Battery™: towards accelerated decarbonization of the power grid

Part of the funding will also help finalize the 20 MW, 200 MWh CO2 Battery™ project, scheduled to be operational by the end of 2024.

Claudio Spadacini, founder and CEO of Energy Dome, welcomed the arrival of new investors and stressed the importance of their support for the company’s mission to accelerate the decarbonization of the electricity grid. He also highlighted the benefits of CO2 Battery™ technology for customers, offering unrivalled flexibility and reliability.

In addition to its development efforts, Energy Dome has signed a memorandum of understanding with the Oman Investment Authority to explore collaboration opportunities in the Sultanate of Oman.

This new injection of funds and Energy Dome’s ambitious plans are testimony to the growing importance of long-life energy storage solutions in the transition to cleaner, more sustainable energy sources.

EDF confirms it is exploring capital openings and calls for strict investment prioritisation, facing €54.3bn ($57.5bn) in debt and massive funding needs by 2040.
A consortium led by Masdar and CPP Investments proposes to acquire all of ReNew at $8.15 per share, representing a 15.3% increase over the initial offer.
In Kuala Lumpur, Huawei Digital Power unveiled its grid-forming technologies, positioned as a strategic lever to strengthen power interconnections and accelerate energy market development across ASEAN.
Voltalia has entered a strategic partnership with IFC to develop tailored renewable energy projects for the mining sector across several African countries.
Repsol has launched a pilot platform of AI multi-agents, developed with Accenture, to transform internal organisation and improve team productivity.
ABB recorded double-digit growth in sales of equipment for data centres, contributing to a 28% increase in net profit in the third quarter, surpassing market expectations.
UK power producer Infinis has secured a £391mn ($476mn) banking agreement to support the next phase of its solar and energy storage development projects.
The Nexans Board of Directors has officially appointed Julien Hueber as Chief Executive Officer, ending Christopher Guérin’s seven-year tenure at the helm of the industrial group.
JP Morgan Chase has launched a $1.5 trillion, ten-year investment initiative targeting critical minerals, defence technologies and strategic supply chains across the United States.
Amid rising global demand for low-carbon technologies, several African countries are launching a regional industrial strategy centred on domestic processing of critical minerals.
Maersk and CATL have signed a strategic memorandum of understanding to strengthen global logistics cooperation and develop large-scale electrification solutions across the supply chain.
ABB made several attempts to acquire Legrand, but the French government opposed the deal, citing strategic concerns linked to data centres.
Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.
Amid rising energy costs and a surge in cheap imports, Ineos announces a 20% workforce reduction at its Hull acetyls site and urges urgent action against foreign competition.
Driven by growing demand for strategic metals, mining mergers and acquisitions in Africa are accelerating, consolidating local players while exposing them to a more complex legal and regulatory environment.
Ares Management has acquired a 49% stake in ten energy assets held by EDP Renováveis in the United States, with an enterprise value estimated at $2.9bn.
Ameresco secured a $197mn contract with the U.S. Naval Research Laboratory to upgrade its energy systems across two strategic sites, with projected savings of $362mn over 21 years.
Enerflex Ltd. announced it will release its financial results for Q3 2025 before markets open on November 6, alongside a conference call for investors and analysts.
Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.