CEO, MGA Thermal
Stories naming Mark Croudace. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Thermal storage company MGA Thermal hires a former Shell Energy Australia executive as its commercial chief, with the appointment underpinned by a $17 million raise made earlier in the year.
ARENA is granting MGA Thermal as much as $3.25 million to conduct engineering design studies advancing its heat-storage blocks toward commercial deployment with industrial customers decarbonising process heat.
Also RenewEconomy
MGA Thermal, a Hunter Valley energy storage maker, has banked $17 million from IP Group and others to commercialise its heat-storage technology, lifting its total funding to $50 million.
MGA Thermal, a NSW-based thermal energy storage developer, has received a $3.25 million grant from ARENA to fund engineering design studies aimed at commercialising its block-based heat storage technology for industrial use.
Also RenewEconomy·RenewEconomy
Manufacturing roundup: Monash shares 3D-printing guidelines for blind students; MGA Thermal gains syndicate investment atop ARENA funding; UniSA touts a natural obesity treatment; Sparc Technologies signs an MoU with CLP Group.
Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.
Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews
MGA Thermal's own newsroom post announces another $2.48 million from ARENA, tripling the federal agency's support for its thermal storage demonstration project, with quotes from both organisations' chief executives.
Also @AuManufacturing·RenewEconomy·SmartCompany·Startup Daily·Startup Daily
Thermal energy storage company MGA Thermal secured $5.7 million from Main Sequence, Melt Ventures and new backer JEKARA, taking its round near $14 million; Shell had earlier invested $560,000 through its GameChanger accelerator fund.
Also Startup Daily·mgathermal.com·RenewEconomy·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·@AuManufacturing·RenewEconomy·RenewEconomy
A NSW thermal energy storage startup won roughly $560,000 from Shell's GameChanger accelerator for its Tomago pilot, which earlier drew $1.27 million from the federal renewable energy agency.
MGA Thermal won about US$400,000 (A$560,000) from Shell's GameChanger program to speed up its energy-storage demonstration plant near Newcastle, part of a pilot budgeted near A$3 million.