Fourth Power

Emerging

Raised $45M total including $20M Series A (Munich Re Ventures, DCVC, Breakthrough Energy). Integrated demo unit completing 2026. Targets 10x cheaper storage than lithium-ion.

Thermal Energy Storage
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Updated April 2026

Company Overview

About Fourth Power

Fourth Power is an MIT-originated thermal energy storage company that stores electricity as heat in graphite blocks at 2,400°C — using molten tin as a heat transfer medium and converting stored heat back to electricity via thermophotovoltaics (TPV). The company has raised $45 million including a $20 million Series A from Munich Re Ventures, DCVC, and Breakthrough Energy Ventures, and is completing its full integrated demonstration unit in 2026.

Business Model & Competitive Advantage

The system's physics promise costs 10 times cheaper than lithium-ion for grid-scale storage: graphite and tin are abundant, cheap materials, and thermophotovoltaics (solid-state, no moving parts) have lower maintenance costs than turbine-based thermal cycles. The 2,400°C operating temperature means extremely high energy density per unit volume — storing more energy in a smaller physical footprint than competing thermal storage approaches.

Competitive Landscape 2025–2026

Fourth Power's 2026 integrated demonstration is the critical de-risking milestone before commercial contracts, proving that graphite-to-tin heat transfer, TPV electricity conversion, and full system integration work together at representative scale. Breakthrough Energy Ventures' backing — Bill Gates' climate investment fund — provides both capital and access to the fund's network of climate-focused corporate partners who could become early customers.

Revenue
$45M
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Key Differentiators

Emerging Innovator

Fourth Power is an emerging player bringing innovative solutions to the Climate Tech market.

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