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
- SectorsEnergy & Utilities
- Email••••••••
- Website mgathermal.com
- Social LinkedIn X Facebook YouTube
- Legal Name Mga Thermal Pty Ltd
- Total Equity Funding$47.1M (USD)
in 7 rounds
- Latest Funding Round$12.09M (USD), Series A
Mar 2026
- InvestorsShell
& 10 more
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.
Apps and channels of MGA Thermal
its YouTube channel MGA Thermal has 156 subscribers and 9 videos.
Videos from MGA Thermal
The most watched videos on MGA Thermal's YouTube channel, MGA Thermal (156 subscribers). Click a video to play it here.
More on MGA Thermal.
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.
- Total Funding $47.1M
- Total Rounds 7
- Last Round Series A — $12.09M
- First Round $500,000
(May 2020)
- Investors Count 11
All 7 funding rounds of MGA Thermal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $12.09M | Series A | – | – | |
| Dec 2024 | $14.1M | Series A | – | – | |
| Apr 2024 | $5.7M | Seed | – | – | |
| Aug 2023 | $8.25M | Seed | – | Varley, Melt Ventures | |
| Feb 2023 | $560,000 | Seed | – | – | |
| Aug 2021 | $5.9M | Seed | – | Main Sequence | – |
| May 2020 | $500,000 | Seed | – | CP Ventures | – |
11 investors in total: 11 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | electrifi.ventures | - | |
Venture capital investments are made in deep tech founders. | – | mseq.vc | Eveleigh, Australia | |
Capital and expertise are provided to Australian manufacturing startups. | – | melt.ventures | Australia | |
Jekara Group is focused on accelerating green energy innovation. | – | jekaragroup.com | Australia | |
A venture capital fund focused on climate tech investments. | – | climatevcfund.com | Auckland, New Zealand | |
Corporate advisory and infrastructure funds are focused on climate sectors. | 2019 | pollinationgroup.com | London, United Kingdom | |
Pre-seed and seed stage investments are targeted by CP Ventures. | – | cp.ventures | Sydney, Australia | |
- | – | arena.gov.au | - | |
Engineering and manufacturing solutions are provided by Varley Group. | 1886 | varleygroup.com | Tomago, Australia | |
Understorey Ventures is focused on impact investments for planetary health. | 2022 | understorey.ventures | - |
Investor details for MGA Thermal
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of MGA Thermal
14 people are tracked at MGA Thermal (7 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Erich Kisi | Co-Founder & CEO | Leadership |
Alexander Post | Co-Founder | Leadership |
Dylan Cuskelly | Co-Founder | Leadership |
Mark Croudace | Chief Commercial Officer | Leadership |
Glen Reynolds | Chief Operations Officer | Leadership |
Anna Starrett | Chief Financial Officer | Leadership |
Annie Lacombe | Head Of Engineering | Leadership |
Samuel Reed | Research Engineer | Team |
Samantha Clark-Welling | Project Engineer | Team |
Dominic McAtamney | Project Engineer | Team |
Krista Crockett | Financial Controller | Team |
Jenny Zobec | Analytical Scientist | Team |
Peter Wilson | Project Manager | Team |
Mark Copus | Process Development Manager | Team |
Complete people profiles for MGA Thermal
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of MGA Thermal
3 dated milestones of MGA Thermal across 7 years, from founding to its latest funding, stage changes and deals.
- Founded MGA Thermal is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Series A, of $12.1M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| formenergy.com | 2009 | Somerville, United States | $1.13B | 372 | Iron-air energy storage systems are developed for renewable energy projects. | |
| northvolt.com | 2016 | Stockholm, Sweden | $6.84B | – | Lithium-ion batteries for electric vehicles are manufactured and optimized. | |
| ambri.com | 2010 | Marlborough, United States | $222.43M | 141 | Liquid metal batteries are provided for long-duration energy storage. | |
| verkor.com | 2020 | Grenoble, France | $1.34B | 143 | Lithium-ion batteries are manufactured for electric vehicles and storage. | |
| vflowtech.com | 2018 | Singapore | $33.5M | – | Manufacturer of low-cost, efficient vanadium redox flow batteries | |
| hydrostor.ca | 2010 | Toronto, Canada | $614.85M | 49 | Compressed air is stored underwater for electricity generation. | |
| cheesecakeenergy.com | 2016 | Nottingham, United Kingdom | $5.64M | 22 | Solutions for compressed air energy storage systems are provided. | |
| raygen.com | 2005 | Hawthorn East, Australia | $112.42M | – | Advanced solar CPV systems using mirrors are provided by Raygen. | |
| korepower.com | 2018 | Idaho Falls, United States | $75.1M | 132,692 | Lithium-based energy storage systems are manufactured for utilities. | |
| electrifiedthermal.com | 2021 | Medford, United States | $23.5M | – | Novel heat batteries are developed for industrial energy storage. |
Detailed competitors of MGA Thermal
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of MGA Thermal
The website of MGA Thermal (mgathermal.com) receives about 5K visits a month.
- Monthly visits5K
Websites whose visitors overlap most with MGA Thermal. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| 1414degrees.com.au | 100% | 2.5K | #7,263,311 | View details |
Latest news on Mga Thermal
Complete news archive for MGA Thermal
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MGA Thermal
10 companies that operate in the same segment as MGA Thermal (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | – | USD 34.18 M | 177 |
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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. The company's 1st funding round was a Seed of $500K, raised on May 2020.
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.
MGA Thermal operates through Mga Thermal Pty Ltd.