DCVC, a venture capital firm, led a $19m Series A funding round in Fourth Power, a company that provides utility-scale thermal battery solutions that store renewable energy as heat for short and long durations to dispatch electricity to the grid in seconds, with participation from Breakthrough Energy Ventures and Black Venture Capital Consortium. “Our vision has always been to tackle climate change by making renewable energy – which is the most cost-effective form of power – a reliable resource for the grid to use at all hours of the day. We need utility-scale energy storage that can grow with the grid to make this a reality on a global scale. With the support of our investors, Fourth Power will accelerate our mission and reshape the clean energy landscape by making grid-scale thermal battery storage the most cost-effective solution for power production. We are energized by the opportunity to create a better, more sustainable future,” Arvin Ganesan, Fourth Power CEO.