Silbat

silbat.com ↗ ·Madrid ·Seed

Silbat (Silbat Energy Storage Solutions, SL) is a Spanish deep-tech company developing long-duration electricity storage based on the latent heat of molten metallurgical-grade silicon: electricity is converted to heat and stored in silicon at ~1410°C, then reconverted to power via thermophotovoltaic cells, giving a silent, no-moving-parts, 10-100 hour storage module targeting CAPEX under $10/kWh. Spun out of the Institute of Solar Energy at the Technical University of Madrid and founded in 2019, it is seed-stage and backed by EIT InnoEnergy plus corporate partners/investors including Baker Hughes and Soltec, with Spanish public funding from CDTI. It was the first Spanish cleantech startup selected for the Shell GameChanger programme and aims to roll out its silicon batteries commercially around 2028.

Founded
2019
Founders
2
Total funds raised
—
Rounds
2
Investors
5
Last round
May 2023
SectorsEnergy Storage, Cleantech, Deeptech, Renewable Energy, Long-Duration Energy Storage Start-up MapEnergy & Climate › Batteries & EV charging

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Founders

Antonio Luque
Co-Founder & Chief Scientific Officer
Ignacio Luque-Heredia
Co-Founder & Chief Executive Officer

Global models 5

Antora Energy
United States · antora.energy ↗
Stores electricity as very high-temperature heat in solid carbon blocks and turns it back into power with thermophotovoltaic cells, the closest match to Silbat's heat-to-power approach.
$230MComparable
Rondo Energy
United States · rondo.com ↗
Sells electrified heat batteries that store cheap renewable power as high-temperature heat in brick, aimed at long-duration industrial storage, though it mainly delivers heat rather than power.
$130MComparable
Exowatt
United States · www.exowatt.com ↗
Modular thermal storage units that capture energy as heat and turn it back into electricity on demand, sold as low-cost dispatchable power modules.
$90MComparable
Malta
United States · www.maltainc.com ↗
Long-duration pumped-heat storage that turns electricity into stored heat and back into grid power, sold to utilities and industry as a low-cost alternative to lithium.
$85MComparable
Fourth Power
United States · www.gofourthpower.com ↗
Stores electricity as heat in molten tin and graphite at over 2,000°C and reconverts it with thermophotovoltaics, closely matching Silbat's molten silicon plus thermophotovoltaic design.
$25MComparable

In the same niche 27 others

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Notes: Most funded first

Investors 5

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Funding rounds 2

DateRoundAmountLead

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