MGA Thermal is pleased to announce we’ve closed an additional $5.7 million in funding, taking the recent round total to approximately $14 million. The funding will be used to prove the scale and industrial capabilities of its thermal energy storage systems. This round was supported by returning investors including Main Sequence, Melt Ventures and new investor JEKARA. The funding brings its total funds and grants raised to date to approximately $28.8 million.

MGA Thermal is thrilled to announce we have secured $8.25 million in funding as we scale our long-duration energy storage (LDES) solution. The investment provides a foundation for the next phase of the company’s growth, facilitating the commissioning of its on-site production line and accelerating operations well into 2024.

We're pleased to share that we received a Top 10 Gold Award in @AuManufacturing news and media 50 Most Innovative Manufacturers! Our approach to innovation is encompassing, it is who we are and what we do. We are stocked to be recognised for our innovative culture and manufacturing processes.

We're excited to announce that our 3rd gen automated production line is undergoing commissioning. Based at MGA Thermal’s Tomago Factory, the production line will be capable of manufacturing over 1MWh of MGA Blocks every day. That’s 1000 Blocks/day which go on to store renewable energy and make 24/7 renewables a reality. We expect the production to be completed in 2023. MGA Thermal is a revolutionary Australian clean energy company with a breakthrough form of energy storage. MGA Blocks store and deliver thermal energy while remaining outwardly solid. They are the missing piece of grid decarbonisation, turning renewable energy into clean steam and power that’s available any time of the day.

MGA Thermal and knode join forces creating a clear and actionable clean energy roadmap for Australia’s largest stateWe are pleased to announce our partnership with Western Australian based energy company, knode, to create a clear and actionable pathway to enable the state to become a leader in green energy.Home to a vast expanse of natural assets and a world-class industrial ecosystem, Western Australia is a global energy hub. Heat energy in industry is responsible for more than 50% of the world’s energy use. It is an essential component of manufacturing, including refining raw materials, smelting metals and producing chemicals.Western Australia’s government has committed to closing its state’s last coal-fired power plant by 2029 as we race towards net-zero. Yet, new data released by the Clean Energy Regulator reveals that of all the renewable energy capacity deemed either ‘committed’ or ‘probable’, only 5% was in Western Australia.“Western Australia has the opportunity to be one of the world’s clean energy leaders and pioneer the nation’s decarbonisation. But, what’s needed is the green energy infrastructure to either use clean steam in industry or continuously power the electricity grid — ultimately making 24/7 renewable energy a reality,” says Mark Croudace, Deputy CEO and CCO at MGA Thermal.As a part of a group of companies that is leading decarbonisation in heavy industry, knode is acutely aware of the opportunities for the state’s natural resources industry to create a closed loop for green energy utilising MGA Thermal.“Partnering with knode will be the connecting fibre between MGA Thermal and future customers, helping us to scale impact and ultimately tackle the energy crisis that exists in harder-to-abate industries. MGA Thermal can store huge amounts of renewable energy to enable the actualisation of net-zero targets and achieve 24/7 renewable energy. We’re thrilled to have a local Western Australian partner on the ground to take local organisations on the journey to decarbonisation,” adds Croudace.“MGA Thermal’s unique technology has enormous potential to support the uptake of clean energy in both Western Australia and across the globe. The energy transition for our state’s heavy industry to clean energy is a huge challenge and one that requires us to rethink the way we capture and store energy. The adoption of MGA Thermal’s storage technology will be vital in plugging this gap — enabling reliable, long-term energy storage across solar, wind, hydrogen and retrofitted thermal power plants,” explains Chris Nelson, CEO of knode.About knodeknode is an energy company focussed on driving decarbonisation in heavy industry. knode and MGA Thermal are working together to provide storage solutions and process engineering to deliver green outcomes, securing the future of the heavy industries we all rely on.

MGA Thermal is thrilled to announce we have been awarded funding by global energy provider Shell. The funding, approximately US$400K (AUD$560K), provided under Shell GameChanger, is to accelerate the MGA Thermal Energy Storage demonstration unit. Located at MGA Thermal’s new commercial manufacturing facility in Newcastle, Australia, the demonstration unit aims to gather valuable data amid the growing and urgent need for new longer-duration energy storage (LDES) solutions to replace ageing or increasingly expensive thermal and other conventional power stations.The MGA Thermal Energy Storage demonstration plant will demonstrate the firmed steam generation from stored intermittent renewable energy and has an expected total budget of approximately AUD$3 million. It will be located at the company’s head office in Tomago, NSW, and has a planned storage capacity of 5 MWh, with charging and discharging at up to 500 kW for 10 hours. The MGA Thermal Energy Storage unit is approximately 12m long and 3m wide, will produce valuable performance data and provide a tangible demonstration of the technology for prospective industrial and power customers. Data gathered will cover the charging and discharging behaviour, fluid dynamics and temperature distributions, and validate the efficacy of mid-to-long-term thermal storage in a practical system.“MGA Thermal was selected from a pool of dozens of quality applicants to a long-duration energy storage call for solutions,” said Matt McDonald, from Shell GameChanger. “I am excited that Shell can support MGA Thermal’s pilot project and their ambitions to enable the storage of renewable energy. We look forward to seeing their progress and to continue lending Shell support and expertise.”Mark Croudace, CCO of MGA Thermal said, “We are very pleased to have Shell’s recognition and support for the MGA Thermal technology and pilot. Our technology is attractive for those looking to decarbonise, with a high potential impact in the medium to long-duration energy storage sector. Shell’s funding, in conjunction with ARENA, allows us to accelerate our pilot, going live in 2023, gather additional data about our technology, and continue our rapid growth into commercial industrial and power markets.”‍