"Yes, you can say the wind doesn't always blow and the sun doesn't always shine. The rain doesn't always fall either but we can store the water and we can store renewable energy if we have the investment."
— Hon. Chris Bowen, Australian Minister for Climate Change and Energy
Company News
Be Updated When it Happens
You’ll be on our exclusive notifications list and be sent every announcement as it happens.
This is a separate list from our Quarterly Update. To be included on that list, enter your details here.
MGA Thermal wins Innovation Aus Award 2022
We were thrilled to win the Innovation Aus Translation Hero Award 2022 for Excellence for our use of research to revolutionise renewable energy systems.
AGL feasibility study repurposing a power station
MGA Thermal is pleased to share that Australian electricity giant, AGL Energy Limited (AGL), who operate Australia’s largest electricity generation portfolio, is progressing with a feasibility study of MGA technology to be applied to the 200 MW Torrens Island B power station in South Australia, supported by the Australian Renewable Energy Agency.
MGA Thermal at All Energy
MGA Thermal attended All Energy in October 2022 in Melbourne. It was MGA Thermal’s third and largest exhibition in 2022, we are looking forward to even more exhibitions and conferences in 2023.
ARENA backing for MGA Thermal supercharges renewable energy storage
We are thrilled to share we have been awarded funding of $1.27 million from the Federal Government’s Australian Renewable Energy Agency (ARENA) to fund our pilot MGA Thermal Energy Storage.
20GWh of Global Storage Interest
We are thrilled to announce we reached a milestone with customer interest for 20 GigaWatt hours (GWh) of energy storage, the equivalent of powering 1.3 million homes, from customers for its breakthrough technology.
MGA Thermal MMI collaboration with TOSHIBA
A collaboration between Toshiba, MGA Thermal and Graphite Energy has been awarded a Modern Manufacturing Initiative (MMI) grant for $9.8 million towards a $19.6 million project to accelerate economical green hydrogen production.
MGA Thermal joins LDES Council
MGA Thermal is pleased to announce we have become a member of the Long Duration Energy Storage Council (LDES Council), a global executive-led organisation focused on replacing the use of fossil fuels to meet energy demand with zero-carbon long duration energy storage.
Collaboration with Peregrine Technologies
MGA Thermal is pleased to announce our collaboration with United States based Peregrine Turbine Technologies (PTT).
MGA Thermal raises AUD$8m
MGA Thermal is extremely pleased to announce that we have raised AUD$8 million (USD$5.8 million) to expand our manufacturing capacity and export MGA thermal energy storage globally.
EnergyLab Scaleup 2020
MGA Thermal is proud to share that we have been selected to participate in the EnergyLab 2020 Scaleup Program cohort.
MGA Thermal Awarded Accelerating Commercialisation Grant
MGA Thermal is excited to announce we have successfully secured an Accelerating Commercialisation Grant from the Australian Government Department of Industry, Innovation and Science.
Seed investment from CP Ventures
Despite the ongoing impact of COVID-19 on early stage investment in startups MGA Thermal are pleased to announce that we have secured seed investment of $500,000 funded by venture capital firm CP Ventures.
Partnership with E2S Power
MGA Thermal is pleased to announce our partnership with E2S Power Ag. This joint venture was recently formed in Switzerland to implement thermal energy storage into retired power plants.