Zero Industrial Announces $10 Million Series A Investment To Accelerate Development Of Thermal Energy Storage

April 7, 2025

Zero Industrial, a leading development company decarbonizing industrial heat by utilizing thermal energy storage ("TES") systems, announced today that it successfully closed $10 million in funding led by Evok Innovations with participation from Rusheen Capital Management

Zero Industrial was founded in 2024 by Ted Kniesche and Jim McDermott to decarbonize industrial heat using commercially-available TES systems at industrial facilities. The company provides full project development services to its customers, including technology selection, project design and engineering of each TES system. Importantly, Zero Industrial will fully finance each project and sell clean heat or steam to its customers under a long-term Heat-as-a-Service contract without any upfront capital outlay required by the industrial facility.