MGA Thermal

We also want to shout out to all of our investors who have made MGA Thermal possible to date, including foundational angel investors CP Ventures back in our Seed round in 2020, and those who joined and continued support over the years; Main Sequence, Alberts , Climate VC Fund, R3i Ventures, The Melt, CP Ventures and Simon Monk.   It’s fantastic to share the news of new investors Electrifi Ventures in partnership with Climate Salad joining our Pre-B round and support with Main Sequence, VARLEY HOLDINGS LTD, The Melt, Climate VC Fund, Pollination Group, Understorey Ventures and Jekara Group.   As the year starts to wrap up, we deeply appreciate all of our investors and their support year after year and are excited for the growth ahead! #Cleansteam #renewables #climatetech #scale-up #TES

We are pleased to announce that MGA Thermal, secured investment from climate tech angel syndicate Electrifi Ventures in partnership with Climate Salad. This investment joins Australian Renewable Energy Agency (ARENA)’s recently announced $2.5 million funding boost in a rapidly closed Pre-Series B round. The investment comes as new data from the Angel Investment Network reveals that 80% of Australian startups express optimism about their 2025 prospects, despite 71% citing investment access as their primary challenge. This highlights the strategic importance of Electrifi Ventures’ rapid two-week deal closure for MGA Thermal’s growth trajectory. “In a landscape where funding accessibility remains the biggest hurdle for founders, the combined support of Electrifi Ventures and Climate Salad demonstrates the power of ecosystem collaboration in advancing climate innovation,” said Mark Croudace, CEO of MGA Thermal. “This investment, alongside ARENA’s support, will accelerate the completion of our Demonstration Unit, advancing our mission to revolutionise industrial energy storage.” #investment #renewables #cleansteam #ldes

"Our goal is industrial decarbonisation, helping industries switch away from burning natural gas or coal and using renewable energy as a heat source rather than those two carbon intensive fuels," said Dr Alexander Post, MGA co-founder and CTO.   We’re proud to be located in the Hunter, the beating heart of Australia's energy network. The energy and innovation ecosystem has been instrumental to our growth, unlocking local expertise, skills and infrastructure.   MGA is an Australian LDES technology ready to help make 24/7 renewables a reality.   Net Zero Economy Agency #ldes #cleansteam #netzero #industrialheat #renewables

Absolutely stoked to announce MGA Thermal won the 2024 Australian Climate Tech Awards, Impact Category! Our very own Head of Business Development, Will Furness, proudly represented us at the presentation event in Sydney last night.   The Impact Award spotlights Australian Climate Tech who’ve driven significant strides in climate change mitigation, adaptation, or resilience over the past year. Being acknowledged by the Climate Salad tech community is an honour and a testament to our drive to make continuous renewable energy a reality.   #LDES #cleansteam #renewables #climatetech

Want to learn more about the opportunities and challenges of LDES? Long Duration Energy Storage Council (LDES Council) Annual Report is a thorough overview on what policy makers can do to better support different LDES systems. LDES is a critical enabler across all major economic sectors (electricity, industry, transport, built environment) and MGA Thermal is proud to be a LDES technology provider working towards making 24/7 renewables a reality. Check out Will Furness, MGA’s Head of Business Development’s takeaways from this report below. #LDES #cleansteam #netzero #industrialheat #renewables

Did you know LDES deployment must scale up to 50 times faster than currently projected to achieve global decarbonization targets? The Long Duration Energy Storage Council (LDES Council) Annual Report shares key findings on the urgent need to accelerate the deployment of LDES technologies.  The report also finds collaborative action from policymakers, corporates, and technology providers is critical to unlocking the full potential of LDES solutions. MGA Thermal is proud to be a member of the LDES Council and an LDES technology, helping to make 24/7 renewables a reality. Access the full report here: https://lnkd.in/giJ5zPTG #LDES #1500GWby2030 #cleansteam #energystorage

We’re proud to be featured in the Net Zero Economy Agency campaign as an example of how clean energy is bringing economic transformation to the Hunter region.   As part of the campaign, a photography exhibition ‘The people and places powering Australia’s future’ has popped up at the University of Newcastle sharing the critical role that the Hutner region is playing in the country’s energy transformation. The exhibition features MGA Thermal’s own Co-Founder and CTO, Dr. Alexander Post, Head of Engineering, Annie Lacombe, Marketing Manager- Brand, Arden Jarrett and, Material’s Scientist, Penny Trigas.   The exhibition will be running until Friday 29 November at the University of Newcastle, Callaghan campus. Let us know if you get a chance to see it! #LDES #CleanSteam #EnergyStorage #NetZero #HunterRegion

Did you know that even the aluminium in your everyday items starts with an intense refining process? Producing alumina from bauxite takes steam at super-high temperatures, and MGA Thermal’s energy storage technology is here to make that process cleaner and greener.   Here’s what our tech brings to the table: 🌞 Around the clock supply of continuous steam supply 24/7 ⚡Electrify high-temperature industrial process 🚀 Scalable to GWh storage for a pathway to net zero 🏭 High energy density and compact footprint for brownfield sites. Small footprint, big impact!   MGA Thermal is powering the pathway to decarbonise industrial heat and make 24/7 renewables a reality. Contact us today to discuss your net zero plan.   #EnergyStorage #NetZero #cleansteam #renewables #industrialdecarbonisation #LDES

Long-duration energy storage or LDES is key to providing renewable electricity during periods of peak demand when the sun isn’t shining and the wind isn't blowing. Making it a vital part of our future energy security.   Penny Sharpe, the New South Wales energy minister, announced plans to legislate a new long-duration energy storage (LDES) target for the Australian state of 28GWh by 2034.   It’s encouraging to see NSW put forward LDES targets and MGA Thermal is proud to be an Australian LDES technology ready to help make 24/7 renewables a reality.   Read more here: https://lnkd.in/g5ETxxEt   #EnergyStorage #NetZero #cleansteam #renewables #industrialdecarbonisation #LDES

At MGA Thermal, we’re not just envisioning a future powered by 24/7 renewable energy—we’re making it happen. Our journey to decarbonise industrial heat is driven by our unique innovative tech and, most importantly, our talented team.   We're joining forces with NSW Government’s Targeted Workforce Development Scheme to help grow and support our people as we make 24/7 renewables a reality.   📹 Want to see the impact? Watch the video below to hear about how this initiative is helping us empower the next generation of energy leaders.   🔗 Click to learn more and join us on this journey to revolutionise the energy landscape: https://lnkd.in/gs8xD-eC #cleansteam #renewables #industrialdecarbonisation #LDES #investregionalnsw Jacqueline Gow