M
MGA Thermal
Enable the shift to renewable energy by providing a new way to store energy that’s clean, economical, and scalable
About MGA Thermal
MGA Thermal specializes in advanced thermal energy storage technology, providing renewable, high power, economical, modular, safe, and sustainable solutions. The company operates in the renewable energy sector, focusing on enabling intermittent renewable energy sources like solar and wind to provide base load electricity to the grid. MGA Thermal's core technology is Miscibility Gap Alloys (MGA), a recently invented type of thermal storage material that can store a significant amount of energy as heat in a safe and easy-to-use manner. The business model revolves around creating scalable and recyclable thermal storage units that are compatible with various renewable energy systems. MGA Thermal generates revenue by selling these storage units to utility companies, renewable energy providers, and industrial clients looking to enhance their energy storage capabilities. The market for MGA Thermal's products includes regions and industries prioritizing renewable energy adoption and sustainability.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Newcastle-Maitland, Australia
- Employees
- 40
- Open positions
- None listed
- Dealroom signal
- 75.3/100
- Sub-industry
- Clean Energy, Energy Storage
- Sector
- Energy, Spinout, Sustainable Development Goals, Thermal Energy Storage, Climate Tech, Stationary Energy Storage, Grid Technology, Long Duration Energy Storage, Industrial Electrification
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 1 company, latest Nov 2023
- Capital deployed
- $841K
- Preferred round
- SEED
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Mar 2026 | $11M | $52M | IP Group Australia · Main Sequence Ventures | ↗ |
| GRANT✓Other financing | Feb 2026 | $2.1M | — | Australian Renewable Energy Agency | ↗ |
Growth signals
Latest recorded traffic for MGA Thermal is 490 monthly website visits, up 16.7% over the last three months. MGA Thermal's team grew 5.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
CP Ventures
Australian Renewable Energy Agency
Series A12 investors entered at this stage
Emlyn Scott
Climate Venture Capital Fund
Main Sequence Ventures
Chris Sang- GBGlenn Butcher
Melt Ventures
Understorey Ventures
Pollination
Varley Group
Jekara Group
R3i Capital
IP Group Australia
Other known investors6 additional known investors
University of Newcastle, Australia
EnergyLab- LSLeesa Soulodre
Melt Accelerator
R3I Ventures Sàrl- SMSimon Monk
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about MGA Thermal on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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