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New Deal


Announced

Completed

Decarbonization Partners led a $150m investment round in Antora Energy.

Financials

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Transaction Value£118m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Venture Capital

Domestic

Single Bidder

United States

industrial machinery

energy storage

Machinery: Specialty

Minority

Private

Private Equity

Completed

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Synopsis

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Decarbonization Partners, a partnership between BlackRock and Temasek, led a $150m investment round in Antora Energy, a leader in zero-emissions industrial heat and power, with participation from Emerson Collective, GS Futures, The Nature Conservancy, NextEra Energy Resources, Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures. “We are thrilled to partner with Decarbonization Partners and all of our exceptional investors to supercharge Antora’s growth. This financing enables us to build and deploy our thermal batteries even faster, moving full speed ahead to decarbonize industry in the United States and around the world. Because our thermal batteries are factory-manufactured in the United States, this is not only an investment in Antora, it’s an investment in US jobs, manufacturing, and leadership in the clean energy transition," Andrew Ponec, Antora Energy Co-Founder and CEO.

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