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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.
Under IP Group Australia portfolio ·leads this story in the feed
Long-duration heat storage maker MGA Thermal announced a A$17 million round with IP Group Australia as an incoming backer and Main Sequence continuing; IP Group's Shane Meaney joins the board.
Under IP Group Australia portfolio ·leads this story in the feed
MGA Thermal announces investment from climate-focused angel syndicate Electrifi Ventures, partnered with Climate Salad, joining ARENA's $2.5 million boost within its Pre-Series B round to advance industrial energy storage.
Under @AuManufacturing ·leads this story in the feed
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
Under ARENA ·leads this story in the feed
MGA Thermal's own announcement of a $5.7 million funding extension, lifting the recent round to roughly $14 million, with returning backers Main Sequence and Melt Ventures joined by new investor JEKARA.
Under SmartCompany ·leads this story in the feed
Under SmartCompany ·leads this story in the feed
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.
MGA Thermal won a $1.27 million grant from government agency ARENA, announced by federal politicians at its Tomago, NSW site, to build a 5 MWh thermal-storage demonstrator.
Under ARENA ·leads this story in the feed
Deals recorded from mgathermal.com's coverage. A round is listed once, however many of their articles mention it.
| Company | Stage | Announced | Amount | Investors |
|---|---|---|---|---|
| MGA Thermal | Unnamed stage | 13 Mar 2026 | $17m | |
| MGA Thermal | Bridge / extension | 3 Dec 2024 | ~$200k | |
| MGA Thermal | Grant | 18 Jun 2024 | $2.5m | |
| MGA Thermal | Bridge / extension | 16 Apr 2024 | $5.7m | |
| MGA Thermal | Bridge / extension | 3 Aug 2023 | $8.2m | |
| MGA Thermal | Accelerator | 20 Feb 2023 | $560k | |
| MGA Thermal | Grant | 10 Aug 2022 | $1.3m |
Companies named in mgathermal.com's articles, most-covered first.
| Company | What it does | Articles |
|---|---|---|
| MGA Thermal | 8 | |
| Shell | 2 | |
| 5B | 1 | |
| Australian Government | 1 | |
| Climate Salad | 1 | |
| KKR | 1 | |
| Shell Energy Australia | 1 | |
| Tronox | 1 |
Investors named in mgathermal.com's articles, most-covered first.
| Investor | What it does | Articles |
|---|---|---|
| Australian Renewable Energy Agency (ARENA) | 5 | |
| Main Sequence Ventures | 3 | |
| Melt Ventures | 2 | |
| Climate Venture Capital Fund | 1 | |
| Electrifi Ventures | 1 | |
| IP Group Australia | Venture firm backing early-stage science and technology companies | 1 |
| JEKARA | 1 | |
| Pollination Group | 1 | |
| Understorey Ventures | Impact investment office backing climate and nature solutions | 1 |
| Varley Holdings | 1 |