Series A · Climate tech
Epyr raises €15 million Series A for industrial heat storage
SlateVC leads funding to deploy further European projects.
Epyr announced an oversubscribed €15 million Series A on October 13, led by SlateVC. AENU, Daphni, WEPA Ventures, OVNI Capital and Aurum Impact also participated.
The capital supports new industrial heat storage projects, including a planned 35 MWh installation for French papermaker Papeco. It follows a unit commissioned at WEPA’s Troyes mill in May.
Epyr stores electricity as high-temperature heat, allowing factories to buy power when prices are lower and use the energy when their processes need it.
Use of funds
Deploy industrial thermal storage projects across Europe
Develop 35 MWh Papeco installation
Funding history
Series A · This round€15M