Zero Industrial, Inc. (Zero Industrial), a major development company decarbonizing industrial heat by utilizing thermal energy storage (TES) systems, has successfully closed USD 10M in funding led by Evok Innovations (Evok) with participation from Rusheen Capital Management (Rusheen).
Zero Industrial was founded in 2024 by Ted Kniesche and Jim McDermott to decarbonize industrial heat using commercially-available TES systems at industrial facilities. The company provides full project development services to its customers, including technology selection, project design and engineering of each TES system. Importantly, Zero Industrial will fully finance each project and sell clean heat or steam to its customers under a long-term Heat-as-a-Service contract without any upfront capital outlay required by the industrial facility.
Zero Industrial is actively originating and developing projects in the United States and Canada and seeking industrial customers looking to decarbonize their industrial heat, eliminate criteria pollutants and reduce energy costs and volatility.