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Newcastle Herald
Newcastle Herald
Matthew Kelly

Hunter 'hot rocks' clean energy startup secures big funding boost

MGA Thermal has secured an additional $2.48 million in funding.

Hunter clean-tech startup MGA Thermal, which stores energy in blocks heated to 653 degrees, has received a significant government funding boost.

The Tomago-based company has secured an additional $2.48 million in funding from the Australian Renewable Energy Agency (ARENA). It builds on ARENA's previous $1.27 million investment in the long-duration energy storage technology.

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