PROJECT

Projects

Summary of Investment Information

Project Number

50118

Company Name

Rondo Energy Inc.

Date SPI Disclosed

Nov 5, 2024

Country

World Region

Region

Global

Projected Board Date

Dec 6, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 8, 2025

Department

Equity Portfolio Management

Industry

Manufacturing

Previous Events

Approved : Jan 21, 2025
Signed : Apr 30, 2025
Invested : May 6, 2025

Sector

Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.)

Project Description

IFC is considering an equity investment in Rondo Energy, Inc. (“Rondo” or the “Company”). The company enables industrial decarbonization via its proprietary thermal battery systems that are designed for seamless integration with existing industrial equipment and processes. By utilizing a low-cost storage medium that can be rapidly charged, Rondo can harness low-cost renewable electricity and deliver clean industrial heat for a variety of sectors and industries.

Associated Advisory Engagement

              

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation