About MGA Thermal
MGA Thermal is a company based in Newcastle (Australia) founded in 2019 by Erich Kisi, Alexander Post, and Dylan Cuskelly. MGA Thermal has raised $47.1 million across 7 funding rounds from investors including Shell, Pollination and Electrifi Ventures. MGA Thermal offers products and services including TESS. MGA Thermal operates in a competitive market with competitors including Form Energy, Northvolt, Ambri, Verkor and VFlow Tech, among others.
- Headquarter Newcastle, Australia
- Founders Erich Kisi, Alexander Post, Dylan Cuskelly
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Mga Thermal Pty Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$47.1 M (USD)
in 7 rounds
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Latest Funding Round
$12.09 M (USD), Series A
Mar 13, 2026
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Investors
Shell
& 10 more
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Employee Count
Not available
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Products & Services of MGA Thermal
MGA Thermal offers a comprehensive portfolio of products and services, including TESS.
Scalable system for long-duration thermal energy storage from renewables.
People of MGA Thermal
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Funding Insights of MGA Thermal
MGA Thermal has successfully raised a total of $47.1M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $12.09 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in MGA Thermal
MGA Thermal has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Shell, Pollination and Electrifi Ventures.
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Venture capital investments are made in deep tech founders.
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Capital and expertise are provided to Australian manufacturing startups.
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Investor details for MGA Thermal
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Investments & Acquisitions by MGA Thermal
Investment portfolio details for MGA Thermal
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Financial Statements - MGA Thermal
Detailed financials for MGA Thermal
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Mga Thermal Comparisons
Peer comparison for MGA Thermal
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Competitors of MGA Thermal
MGA Thermal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Form Energy, Northvolt, Ambri, Verkor and VFlow Tech, among others.
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Iron-air energy storage systems are developed for renewable energy projects.
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Lithium-ion batteries for electric vehicles are manufactured and optimized.
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Liquid metal batteries are provided for long-duration energy storage.
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Lithium-ion batteries are manufactured for electric vehicles and storage.
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Manufacturer of low-cost, efficient vanadium redox flow batteries
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Compressed air is stored underwater for electricity generation.
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Detailed competitors of MGA Thermal
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Latest news on Mga Thermal
Complete news archive for MGA Thermal
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Frequently Asked Questions about MGA Thermal
MGA Thermal was founded in 2019 and raised its 1st funding round 1 year after it was founded.
MGA Thermal is headquartered in Newcastle, Australia. It is registered at Newcastle, New South Wales, Australia.
Erich Kisi is the current CEO of MGA Thermal. They have also founded this company.
MGA Thermal is a funded company, having raised a total of $47.1M across 7 funding rounds to date.
MGA Thermal was founded in 2019 in Newcastle, Australia, focusing on the energy storage sector. Modular blocks are assembled into insulated tanks to capture and retain excess thermal energy. This stored energy is utilized for diverse applications, including grid stabilization and base load power generation. Operations emphasize reliable thermal management to support consistent electricity supply in renewable energy systems.
MGA Thermal's top competitors include Form Energy, Northvolt and Ambri.
MGA Thermal offers TESS.
MGA Thermal has 11 investors. Key investors include Shell, Pollination, Electrifi Ventures, Main Sequence, and Melt Ventures.