Thermal Energy Storage Company MGA Thermal Secures $12 Million

The funding round includes IP Group Australia as a new investor.

March 16, 2026

/ Renu
/ Storage
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MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, has secured A$17 million (~$12 million) in funding. The latest round brings the total capital raised to more than A$50 million (~$35 million).

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Renu

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