Eni Next, a corporate venture capital company, led a $44m Series B round in Energy Dome, a long-duration electricity storage solutions provider, with participation from Neva, Sustainable Impact Capital, CDP Equity and Japan Energy Fund. “Imagine a system that can store renewable energy with 75% RTE (AC-AC, MV-MV) and a cost which is half the cost of lithium. A system that has no degradation over 30 years and that is made of just steel, water and CO2. Now imagine that that system is made of existing and well-known components that any power plant operator is capable of maintaining and operating, and those components are deployable at GWh scale globally with no bottlenecks on the supply chain or specific site constraints. If you like this idea, stop imagining. Because this is reality, the technology is sorted. Our CO2 Battery™ is ready for the market and, after closing the Series B round, we are ready to guarantee its performance to any customer that is real about getting rid of fossil fuels and substituting with dispatchable renewable energies,” Claudio Spadacini, Energy Dome Founder and CEO.