phelas specializes in Aurora, a proprietary Liquid Air Energy Storage technology designed to be modular, scalable and integrated with renewable energy sources. The company also offers Catalyst, a software-aided consulting tool that helps utilities and renewable developers make strategic deployment decisions. phelas has won recognition from industry players such as Ørsted and Wien Energie. The startup plans to scale its liquid air storage to megawatt scale and deploy systems across the EU, working closely with EPC companies for engineering, procurement and construction expertise. Financially, phelas announced a €4.1 million seed financing to advance commercialization and scaling efforts. The company emphasizes profitability, sustainability and reliability as core goals for enabling a 100% renewable energy grid.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024