A helping hand through the green tech ‘valley of death’

Rondo, a start-up (which we profiled last year) using thermal batteries to provide low-carbon industrial heat, last month became the second company to secure funding through the EIB-BE Catalyst partnership, with the former providing €35mn in venture debt, and the latter a €40mn grant. Rondo is using these funds to develop not one but three plants in Germany, Denmark, and a third as yet undisclosed European country.

Read more here via Financial Times.