{"id":124663,"date":"2026-03-16T12:11:23","date_gmt":"2026-03-16T15:11:23","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/899804150"},"modified":"2026-03-16T12:11:23","modified_gmt":"2026-03-16T15:11:23","slug":"australian-long-duration-thermal-energy-storage-tech-lands-11-9m-in-scale-up-funding","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/16\/australian-long-duration-thermal-energy-storage-tech-lands-11-9m-in-scale-up-funding\/","title":{"rendered":"Australian long-duration thermal energy storage tech lands $11.9M in scale up funding"},"content":{"rendered":"
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Australian-based MGA Thermal announced it has secured $11.9 million (AUD 17 million) in new investment to advance its long-duration thermal energy storage (TES) technology aimed at decarbonizing industrial heat.<\/p>\n

MGA Thermal said the capital raise, led by venture capital firm IP Group Australia, will support its transition from pilot deployments<\/a> to a full commercial rollout of its electro-thermal energy storage solution, including expanding its workforce, scaling manufacturing, and fast\u2011tracking new customer projects over the next two years.<\/p>\n

\u201cWe are entering a period of rapid scale\u2011up, expanding our commercial capability, growing manufacturing, and delivering projects that help industry decarbonise at speed,\u201d MGA Chief Executive Officer Mark Croudace said.<\/p>\n

\u201cPartnering with IP Group, alongside continued support from Main Sequence, gives us the global reach and deep\u2011tech expertise we need.\u201d<\/p>\n

MGA\u2019s TES solution is centred around its patented miscibility gap alloy (MGA) block technology, which stores energy as latent heat in blocks made largely from aluminium and graphite and dispatching it to generate electricity.<\/p>\n

When heated by renewable electricity, the metal alloy particles melt and absorb energy through a solid-to-liquid phase change. The stored energy can then be released as continuous industrial-grade steam, providing a potential alternative to fossil fuel heat in sectors such as manufacturing and processing.<\/p>\n

The company said its storage blocks can deliver 200% more energy than conventional heat storage systems, with a footprint up to 24 times smaller than batteries.<\/p>\n

\u201cMGA Thermal is addressing one of the most critical challenges in the energy transition: delivering reliable, low\u2011cost, industrial\u2011scale storage for renewable heat,\u201d IP Group Investment Manager Shane Meaney said.<\/p>\n

\u201cIndustrial heat is the next frontier of decarbonisation, MGA\u2019s technology delivers it 24\/7 for less. We\u2019re excited to support the team moving into full commercial deployment and look forward to partnering closely with MGA Thermal through this next phase of growth.\u201d<\/p>\n

The new investment follows a series of major milestones for MGA, including the launch of a 5 MWh thermal demonstration unit<\/a> at the company\u2019s Tomago headquarters and the completion of a pre-feasibility study that found its technology is economically competitive with traditional fossil fuel technologies.<\/p>\n

The study investigated the feasibility of a 180 MWh TES project<\/a> capable of delivering 20 tonnes per hour of steam to an industrial site in Western Australia. The planned project was found to be economically competitive with traditional heating methods on an industrial scale.<\/p>\n

It also comes after the company was last month awarded $3.25 million in federal government funding via the Australian Renewable Energy Agency to support up to five front-end engineering design (FEED) studies to accelerate the commercialization of its TES technology.<\/p>\n

From pv magazine Australia<\/a><\/strong>.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… thermal energy storage (TES) technology<\/span> aimed at decarbonizing industrial … the global reach and deep\u00e2\u0080\u0091tech<\/span> expertise we need.\u00e2\u0080\u009d MGA … gap alloy (MGA)\u00c2\u00a0block technology<\/span>, which stores energy as … study that found its technology<\/span> is\u00c2\u00a0economically competitive with …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-124663","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/124663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=124663"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/124663\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=124663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=124663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=124663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}