M
MGA Thermal
Energy · Newcastle-Maitland, Australia · Founded 2019
Enable the shift to renewable energy by providing a new way to store energy that’s clean, economical, and scalable MoreLess
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.
Keywords: thermal energy storage, renewable energy, high power, economical, modular, safe, sustainable, Miscibility Gap Alloys, scalable, recyclable.
Company overview
MGA Thermal company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- Newcastle-Maitland, Australia
- Employees
- 40
- Open positions
- None listed
- Dealroom signal
- 75.3
- Investment activity
- 1 companies · latest Nov 2023
- Capital deployed
- $841K
- Preferred round
- SEED
Valuation & funding
MGA Thermal 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 | ↗ |
| SERIES A✓Equity / VC | Dec 2025 | — | — | R3i Capital | — |
| GRANT✓Other financing | Jun 2024 | $1.6M | — | Australian Renewable Energy Agency | ↗ |
| EARLY VC✓Equity / VC | Apr 2024 | $3.7M | $52M | Main Sequence Ventures · Melt Ventures · Jekara Group | ↗ |
| EARLY VC✓Equity / VC | Aug 2023 | Climate Venture Capital Fund · Melt Ventures · Main Sequence Ventures · Understorey Ventures | ↗ | ||
| GRANTOther financing | Aug 2022 | Australian Renewable Energy Agency | ↗ | ||
| EARLY VC✓Equity / VC | Aug 2021 | Emlyn Scott · CP Ventures · Climate Venture Capital Fund · Main Sequence Ventures | — | ||
| SEED✓Equity / VC | Jun 2020 | CP Ventures | — | ||
| SEED✓Equity / VC | Feb 2020 | Undisclosed | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 39 |
| 2025 | 38 |
| 2024 | 36 |
| 2023 | 30 |
| 2022 | 23 |
Growth signals
MGA Thermal website traffic
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.
Comparisons
MGA Thermal compared with similar companies
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Capital deployed
MGA Thermal investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Talent graph
MGA Thermal's talent
Source: Dealroom Talent Intelligence.
Investors
20 investors on MGA Thermal's cap table
Sourced from Dealroom's funding and investor records.
Global footprint
Where MGA Thermal has talent and traffic
team presence
In the news
Latest news about MGA Thermal
Recent press, funding announcements, and product moves mentioning MGA Thermal — open to read from the original sources.
Market sentiment
What the market is saying about MGA Thermal
An AI-synthesized read of the highest-engagement posts about MGA Thermal on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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