Polar Night Energy has successfully secured €7.6M in seed funding. This significant investment will play a crucial role in realizing Polar Night Energy’s vision of decarbonizing energy production and establishing itself as the leading global provider of large-scale thermal energy storage solutions.
The funds will be used for several key purposes, including growing sales and R&D teams to better cater to its customers’ needs, and advancing its capabilities in converting stored heat back to electricity. Additionally, the new investors will provide invaluable strategic insights and industrial expertise, strengthening its strategic efforts and bringing fresh perspectives to the company.