BusinessPhoto: Mercom IndiaEpyr Raises $17 Million to Expand Industrial Thermal Energy Storage
France-based company Epyr has raised €15 million (approximately $17 million) in an oversubscribed Series A funding round led by SlateVC. The investment will support new projects, including a 35-MWh thermal energy storage installation in France. Epyr's technology stores heat using electric resistors and firebricks, enabling industrial facilities to use stored heat during peak demand, reducing energy costs and emissions.
Mercom India·



