"Yes, you can say the wind doesn't always blow and the sun doesn't always shine. The rain doesn't always fall either but we can store the water and we can store renewable energy if we have the investment."

— Hon. Chris Bowen, Australian Minister for Climate Change and Energy

Company News

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Additional ARENA Funding Boost

We’re excited to announce that MGA Thermal has received a further $2.48 million, tripling the project backing from the Federal Government’s Australian Renewable Energy Agency (ARENA).

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MGA Thermal secures $8.25M

MGA Thermal is thrilled to announce we have secured $8.25 million in funding as we scale our long-duration energy storage (LDES) solution.

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Shell Backs MGA Thermal Demonstration Plant

MGA Thermal is thrilled to announce we have been awarded funding by global energy provider Shell. The funding, provided under Shell GameChanger, the company’s start-up acceleration program, is to accelerate the completion of the MGA Thermal Energy Storage pilot. Located at MGA Thermal’s new commercial manufacturing facility in Newcastle, Australia, the pilot aims to

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AGL feasibility study repurposing a power station

MGA Thermal is pleased to share that Australian electricity giant, AGL Energy Limited (AGL), who operate Australia’s largest electricity generation portfolio, is progressing with a feasibility study of MGA technology to be applied to the 200 MW Torrens Island B power station in South Australia, supported by the Australian Renewable Energy Agency.

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MGA Thermal at All Energy

MGA Thermal attended All Energy in October 2022 in Melbourne. It was MGA Thermal’s third and largest exhibition in 2022, we are looking forward to even more exhibitions and conferences in 2023.

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20GWh of Global Storage Interest

We are thrilled to announce we reached a milestone with customer interest for 20 GigaWatt hours (GWh) of energy storage, the equivalent of powering 1.3 million homes, from customers for its breakthrough technology.

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MGA Thermal MMI collaboration with TOSHIBA

A collaboration between Toshiba, MGA Thermal and Graphite Energy has been awarded a Modern Manufacturing Initiative (MMI) grant for $9.8 million towards a $19.6 million project to accelerate economical green hydrogen production.

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MGA Thermal joins LDES Council

MGA Thermal is pleased to announce we have become a member of the Long Duration Energy Storage Council (LDES Council), a global executive-led organisation focused on replacing the use of fossil fuels to meet energy demand with zero-carbon long duration energy storage. 

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MGA Thermal raises AUD$8m

MGA Thermal is extremely pleased to announce that we have raised AUD$8 million (USD$5.8 million) to expand our manufacturing capacity and export MGA thermal energy storage globally.

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EnergyLab Scaleup 2020

MGA Thermal is proud to share that we have been selected to participate in the EnergyLab 2020 Scaleup Program cohort.

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Seed investment from CP Ventures

Despite the ongoing impact of COVID-19 on early stage investment in startups MGA Thermal are pleased to announce that we have secured seed investment of $500,000 funded by venture capital firm CP Ventures.

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Partnership with E2S Power

MGA Thermal is pleased to announce our partnership with E2S Power Ag. This joint venture was recently formed in Switzerland to implement thermal energy storage into retired power plants.

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