Energy Dome is a technology company.
Energy Dome has raised $88.0M across 4 funding rounds.
Energy Dome has raised $88.0M in total across 4 funding rounds.
Energy Dome is an Italian energy technology company developing the CO2 Battery, a proprietary long-duration energy storage (LDES) solution that uses liquid carbon dioxide in a closed-loop thermo-mechanical cycle to store and dispatch renewable energy, making it reliable and grid-scale viable[1][2][3][5][6]. It serves utilities, renewable energy providers, and grid operators by solving intermittency issues with renewables, offering a cost-competitive alternative to lithium-ion batteries that's scalable, durable, and built from sustainable materials like steel and CO2[1][3][4][6]. The company has shown strong growth momentum, raising €55 million in an oversubscribed Series B in 2024, securing U.S. contracts like with Alliant Energy, partnering with Google, and winning awards such as LDES Company of the Year[3][4].
Energy Dome was founded in Milan, Italy, in February 2020 (with some sources noting 2019) by Claudio Spadacini (CEO), Dario Rizzi, and Francesco Oppici, who had collaborated for over 15 years on prior ventures building more than 500 MW of innovative power plants in geothermal, heat recovery, CSP, biogas, and biomass[1][2][3]. Their extensive experience in energy innovation sparked the CO2 Battery idea as a way to repurpose CO2—typically a climate culprit—into a dispatchable storage solution for renewables[1][4]. Early traction came swiftly: a €10 million Series A, €17.5 million from the European Innovation Council, a functional prototype, and pilot projects, positioning them as a "scale-up with 15 years of experience"[1][3].
Energy Dome rides the global surge in renewables, where solar/wind intermittency demands affordable LDES to hit net-zero goals—projected to require 1-10 TWh storage by 2050 amid rising electrification[3]. Timing aligns with policy tailwinds like U.S. DOE funding, EU Innovation Council support, and corporate decarbonization (e.g., Google's carbon-free push), plus market forces favoring non-lithium solutions amid mineral shortages and supply chain risks[3][4]. It influences the ecosystem by proving CO2's viability for grid modernization, accelerating renewable dispatchability, stabilizing prices, and enabling energy independence, as seen in its EIC Scaling Club role and international expansion[3][6].
Energy Dome is primed for global scale-up, with U.S. deployments like the Columbia project and partnerships signaling commercial maturity amid booming LDES demand[3][4]. Trends like AI-driven grids, stricter emissions rules, and hyperscaler data center needs will propel it, potentially capturing share in a $50B+ market as it outpaces rivals on cost and speed[3][6]. Its influence could evolve from innovator to infrastructure staple, transforming CO2 from problem to powerhouse—echoing its mission to make clean energy reliably dispatchable everywhere[1].
Energy Dome has raised $88.0M in total across 4 funding rounds.
Energy Dome's investors include 360 Capital Partners, CDP Venture Capital, StartupGym, Unruly Capital, Verve Ventures, Mauro Pretolani.
Energy Dome has raised $88.0M across 4 funding rounds. Most recently, it raised $17.0M Series B in July 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2023 | $17.0M Series B | 360 Capital Partners, CDP Venture Capital, StartupGym, Unruly Capital, Verve Ventures, Mauro Pretolani | |
| Apr 1, 2023 | $44.0M Series B | 360 Capital Partners, CDP Venture Capital, StartupGym, Unruly Capital, Verve Ventures, Mauro Pretolani | |
| Jan 1, 2023 | $16.0M Venture Round | 360 Capital Partners, CDP Venture Capital, StartupGym, Unruly Capital, Verve Ventures, Mauro Pretolani | |
| Nov 1, 2021 | $11.0M Series A | 360 Capital Partners, CDP Venture Capital, StartupGym, Unruly Capital, Mauro Pretolani |