R

Rondo Energy

Stores high-temp renewable heat for industry

Overview

Rondo Energy provides thermal batteries that store heat from renewable energy to power high-temperature industrial processes. Its modular, scalable heat storage units are installed in existing facilities and charge from renewable electricity to deliver a continuous supply of high-temperature heat, enabling industries to replace fossil fuels. The company differentiates itself by offering integrated, scalable heat-storage solutions tailored for energy-intensive sectors such as steel, cement, chemicals, pharmaceuticals, and low-carbon fuels, aiming to fit various plant sizes and retrofit needs. Its goal is to decarbonize heavy industry by providing affordable, reliable zero-carbon heat and a stable energy supply that lowers emissions and costs over time.

Work here?Claim your company

About Rondo Energy

Simplify's Rating
Why Rondo Energy is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

HardwareIndustrial & ManufacturingEnergy

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

$82M

Headquarters

Alameda, CA

Founded

2020

Get referred to Rondo Energy

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • ARENA committed A$74.9 million to Yarwun on 21 October 2026.
  • Yarwun targets 67,000 tonnes annual Scope 1 cuts and 36 months of trials.
  • Rondo says its Europe chemical-plant battery is under construction, validating commercialization.

What critics are saying

  • Yarwun still needs FEED completion, ARENA stage-gate approval, and Rio Tinto FID.
  • ARENA tied A$33.3 million contingency to cost overruns and electricity prices.
  • If FEED slips past 2027, Rondo misses Yarwun’s production window and credibility weakens.

What makes Rondo Energy unique

  • Rondo’s brick heat battery stores 1,100°C steam for continuous industrial process heat.
  • Rio Tinto picked Rondo for Yarwun after evaluating alternative thermal storage solutions.
  • Rondo combines heat-as-a-service contracts with retrofit-friendly equipment for existing refineries.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$82M

Above

Industry Average

Funded Over

2 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • 401(k) Company Match
  • Unlimited Paid Time Off
  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

1%

1 year growth

0%

2 year growth

-1%
Instituto LEMOB
Oct 23rd, 2026
Rio Tinto plans giant hot-brick battery to reduce fossil fuel consumption.

Rio Tinto plans giant hot-brick battery to reduce fossil fuel consumption. Rio Tinto and Rondo Energy plan Australia's largest heat battery for alumina refinery. Rio Tinto and Rondo Energy are advancing a 360 MWh heat battery at Australia's Yarwun refinery, targeting 67,000 tonnes of annual emissions reductions. A heat battery to decarbonise industrial steam. Rio Tinto and California-based Rondo Energy have begun front-end engineering and design for a proposed 360-megawatt-hour (MWh) thermal energy storage system at the Yarwun alumina refinery near Gladstone, Queensland. Supported by the Australian Renewable Energy Agency (ARENA), the project aims to demonstrate how stored renewable electricity can replace part of the fossil-fuel energy currently used to produce industrial steam. The project is designed around a 30-megawatt thermal (MWth) discharge capacity and a 78-megawatt electrical (MWe) charging capacity. If approved following the feasibility and design phase, it would be one of the largest industrial heat-storage demonstrations in the world and a first for the alumina-refining sector. The proposed installation could supply approximately 5% of Yarwun's steam requirements and reduce the refinery's direct, or Scope 1, emissions by around 67,000 tonnes of carbon dioxide equivalent annually. These figures are project forecasts rather than measured operational results. Storing electricity as heat in refractory bricks. Rondo's technology converts electricity into high-temperature heat using electric resistance heating. The heat is stored in refractory bricks, materials engineered to withstand high temperatures and retain thermal energy. When the refinery requires steam, the stored heat is released and transferred through a heat-recovery steam generator. This approach separates the timing of electricity consumption from the timing of industrial heat demand. The battery can be charged when electricity is relatively inexpensive and available, including periods of strong solar or wind generation, and discharge its stored energy later. The system's 78 MWe charging capacity is higher than its 30 MWth thermal discharge capacity. These figures describe different stages of the process: the charging equipment draws electrical power, while the discharge system supplies heat. The 360 MWh figure represents the proposed storage capacity, not the instantaneous power output. For an alumina refinery, this distinction matters. The process requires a reliable supply of high-pressure steam, including outside daylight hours. Thermal storage could help bridge the gap between variable renewable electricity generation and continuous industrial operations. Integrating the system into an operating refinery. Yarwun currently relies on three coal-fired boilers and a gas-fired cogeneration plant to supply steam for its refining operations, according to ARENA. Replacing part of this supply requires more than installing a storage unit: the project must integrate electrical infrastructure, controls, steam generation and the refinery's existing process systems. The engineering and feasibility work will assess technical performance, operating reliability, grid connection, installation requirements and economic viability. It will also examine whether the stored heat can consistently deliver the high-pressure steam needed by the refinery. Rio Tinto Pacific Operations Managing Director Armando Torres said reducing emissions from alumina refining was particularly challenging because of the requirements for high-pressure steam. He said the study would determine whether thermal energy storage could offer a technically and economically viable alternative to fossil fuels for part of Yarwun's steam demand. The project therefore remains at an evaluation stage. Its planned capacity and projected emissions benefits will need to be tested against real operating conditions before a final investment decision. ARENA funding could reach A$74.9 million. ARENA has allocated an initial A$3.6 million towards front-end engineering and design. If the study is completed successfully and the project receives the necessary approvals, the agency could provide up to A$38 million for deployment. A further A$33.3 million in conditional contingency support has been approved to address specified risks, including cost overruns and electricity costs. This contingency support is not an unconditional grant. Rio Tinto will match ARENA's initial A$3.6 million contribution to the design phase and expects its overall contribution over the project's life to exceed ARENA's funding. The study is expected to take approximately 12 months, after which its findings will inform the decision on whether to proceed. The staged funding structure reflects the project's central challenge: proving that large-scale thermal storage can supply industrial heat reliably and economically before committing to full deployment. A potential model for energy-intensive industry. Alumina refining requires substantial amounts of heat, making the sector difficult to decarbonise. Rio Tinto's Yarwun project will test whether thermal energy storage can reduce the use of fossil fuels without compromising the continuous operation of an existing industrial facility. If successful, the demonstration could provide practical evidence for other manufacturers evaluating electrification. Its wider relevance will depend on the availability and cost of electricity, infrastructure investment, storage performance and the ability to integrate the technology into different industrial processes. Rondo's Head of Australia, Dr Kira Rundel, described the project as an opportunity to turn Australia's abundant energy resources into a competitive advantage for industry. The intended benefit is to use lower-cost electricity to provide reliable heat around the clock, while reducing emissions from manufacturing. The outcome is not yet assured. The next milestones are completion of the engineering study, confirmation of technical and economic feasibility, and a final investment decision. If the project advances, Yarwun could become an important demonstration of how thermal storage can support industrial electrification beyond conventional battery-electric applications.

Electricity Info
Oct 21st, 2026
Thermal batteries.

Thermal batteries. 21st October 2026 Plans to build one of the world's biggest industrial heat battery projects in Australia, using "hot brick" technology, have won up to $75 million in Arena funding, in a bid to determine whether thermal energy storage can slash the emissions - and fossil fuel consumption - of aluminium refineries. The project, a 30 megawatt (MW) and 360 megawatt-hour Rondo Heat Battery by US outfit Rondo Energy, would be slotted in at the site of Rio Tinto's Yarwun alumina refinery near Gladstone in Queensland, where it would soak up cheap daytime renewables, convert the energy into high-temperature heat, and deliver it as steam at up to 1,000°C. All things going to plan, the project will be Australia's largest demonstration of industrial heat electrification. It will also be one of the first large-scale demonstrations of thermal energy storage for industrial process heat, globally, and a world-first for the alumina industry. To claim all of these firsts, the team at Rondo Energy first has to complete a front-end engineering design (FEED) study for the project, a task it hopes to have knocked over in 2027 - and which the first $3.6 million tranche of funding from Arena is designed to support. Renew Economy 21st Oct 2026 read more"

Investors Hangout
Oct 20th, 2026
Rondo and Rio Tinto forge ahead with heat battery project.

Rondo and Rio Tinto forge ahead with heat battery project. Taking energy storage to new heights in Australia. Sometimes, the energy game looks like a mess of mismatched puzzle pieces, but every now and then, the pieces align perfectly. Here's Rondo Energy, paired up with Rio Tinto, diving nose-first into a whopper of a project in Gladstone. Investors Hangout, LLC is talking about the largest thermal energy storage undertaking in Australia, a big darn promise to switch from fossil fuels to round-the-clock renewable heat. Pioneering energy storage technology. Rondo Heat Batteries - the star of this initiative - are built to harness cheap midday electricity and transform it into high-temp heat, easily slotted right into existing industrial steam networks. This isn't your run-of-the-mill energy storage; Investors Hangout, LLC is looking at potential game-changing stuff for industries that traditionally guzzle fossil fuels to keep their fires burning. Alumina refining's on the list - an industry notorious for massive energy demands. "Australia's heat battery will help cut emissions without jacking up energy costs," shares Dr. Kira Rundel, Rondo's Head of Australia. ARENA: the financial backbone. The Australian Renewable Energy Agency (ARENA) isn't just throwing cash at this project willy-nilly. They're in for up to $38 million, staged as the project meets its engineering and design milestones, plus a whopping $33.3 million weighty contingency pile, ready to buffer the potential mishaps that could veer it off course. Cost surges and electricity hikes? Yeah, they've thought of that too. Why an alumina refinery? Plunking the project in the middle of Rio Tinto's Yarwun alumina refinery isn't a half-cocked plan. You've got a valuable location with a set energy problem: 24/7 heat needs. The global alumina market's carbon footprint is a known heavyweight, folks. By replacing fossil-fuel-driven heat with Rondo's frugal electricity conversions, the role of renewables gets the spotlight. Charting new courses with Heat Batteries. This gig isn't just about industrial transformation - it's about setting a precedent. Rondo has already made a name for itself with operational facilities flinging high-temperature steam in the U.S. and Asia. Europe's got its own coming up - a testament to the firm's engineering demand in various energy-devouring sectors. In this tango, Australia might just see a leap in global competitiveness, riding on low-cost electricity wings. * Front-end engineering to define viability. * Heat batteries integrating with existing systems. * ARENA's funding to back significant rollouts globally. The path forward. So what's on the table? Should things tip right, the transition unlocks new doors for Australian industry: emissions go down, operational prowess goes up, and energy production rides the clean, cheap solar wave. The best part? It all works without wrenching existing industrial gears. For Rio Tinto and Rondo, this isn't just about turning turbines with greener gusto. It's proof their partnership - and fresh tech - can withstand the hot seat of today's precarious energy mores. Under Armando Torres' watch at Rio Tinto, they're eyeing an emissions cut and dreaming of a steam sequence that won't cave to fossil fuel needs. Final thoughts. This thermal energy venture's more than a litmus test for tech viability. It's a battle-ready response to emissions, energy spend, and project risks, maneuvering to cradle industries in resilience. That cost-effective, never-ending steam is just icing on the cake. Rondo Energy and Rio Tinto have packed Australia's energy future with cautious optimism - and a bucket of grit.

Australian Alliance for Energy Productivity
Sep 23rd, 2026
Highlights from the 2026 Australasian Renewable Heat Conference.

Highlights from the 2026 Australasian Renewable Heat Conference. This year A2ep took its popular Australasian Renewable Heat Conference to a new city (Melbourne) and a new and bigger venue (the Melbourne Convention & Exhibition Centre) and A2ep were delighted to have 350 industry leaders join A2ep for two action-packed days! After a great breakfast hosted by Platinum Sponsor, Origin Energy, A2ep welcomed all delegates into the expanded exhibition area with more than 30 exhibitors for coffee before kicking off proceedings with a Welcome to Country and opening session looking at the heat decarbonisation challenge across the industrial and commercial sectors. Industrial session highlights Highlights across the industrial sessions included Reneae Gasmier from Solar Victoria detailing the addition of industrial heat decarbonisation activities to the Victorian Energy Upgrades program, learning about Cache Energy's long-duration thermochemical energy storage system, international updates from its overseas speakers, the launch of a practical guide to thermal storage for industrial process heat and the news that Good Heat has selected Rondo Energy as the OEM for its Project Arcadia which is due to start construction in the New Year. Conversations indicated that the models of energy and heat-as-a-service resonated with a number of attendees, particularly in light of budget tightening across most parts of industry. Commercial session highlights Its commercial sessions were buoyed by research from JLL showing all-electric office stock in the Melbourne and Sydney central business districts is set to jump from a handful of buildings today to well over 2,000 assets by 2030 and that supply that isn't yet keeping pace with tenant demand. Consistently A2ep heard in the commercial the importance of moving early rather than waiting: the premium on electrified, high-performing assets is available now while supply is short, and narrows as more stock comes online, while laggard buildings face rising costs and value decline. Mirvac's case study on 200 George Street in Sydney grounded the discussion in practice, showing how gas heating and hot water were removed from a fully operating premium tower with no loss of premium-grade performance. In her presentation on the electrification of Collingwood Leisure Centre, Karen Hucker from the City of Yarra made the important point of securing a good quality, experienced consultant - even if it costs more - as it will guarantee better outomes. Across the board, A2ep were fortunate to have so many fantastic project case studies for attendees to learn from, including from Blackmores, VISY, Alsco Uniforms Australia, Mirvac, Gundagai Meat Processors, Australian Country Choice, Australian Consolidated Milk, McCain Foods, Coca-cola Europacific Partnership, Four Pines Brewing Company, Tronox, Monash University, Sugar Australia, Yarra Valley Water, GPT, the Living Company and City of Yarra. Already A2ep has had overwhelmingly positive feedback on the event with 94% of respondents saying they will be back in 2027! A2ep has already started planning its next conference so stay tuned for details!

Securities.io
Mar 7th, 2025
Ultra-Durable Batteries: Why Next-Gen Tech Will Last Decades, Not Just Years

Batteries Made To LastAs the world electrifies and switches to renewable energy, the need for more energy storage grows. This is in part driven by the switch to EVs, but also due to the intermittent nature of renewable production.This can be partially compensated by other low-carbon sources of energy, like hydropower or nuclear, or maybe geothermal energy in the future. Still, advocates for green energy would by far prefer to see low-cost solar (and wind) be the basis of our energy systems.This creates a demand for batteries with fundamentally different characteristics than for mobility.EVs need very energy-dense batteries that are light enough in weight and small enough in volume to be carried in the frame of a car. Durability is a concern, but as long as the battery can function for 10-15 years, this is likely in line with the durability of the rest of the car's components.In contrast, energy storage batteries are much less constrained by weight or volume. However, they are definitely constrained by cost, as they are essentially an additional cost to the production of green energy and the power grid.One way to reduce the cost of energy storage is to use less expensive material than lithium for building the battery. Many alternatives are being considered, as we previously discussed in “ The Future Of Energy Storage – Utility-Scale Batteries Tech ”: batteries using technologies like sodium-ion, iron-air, zinc, sea salt, polymers, sodium-sulfur, or even molten metals.Another key element in reducing the lifetime cost of a battery system is to have it last several decades

Recently Posted Jobs

Sign up to get curated job recommendations

Rondo Energy is Hiring for 12 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs