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Rondo Energy announces €75M project funding with Breakthrough Energy Catalyst and the European Investment Bank

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Three Rondo Heat Battery installations will decarbonize food, clean fuel, and chemical production across Europe

LONDON, June 26, 2024 /PRNewswire/ — Today at the Breakthrough Energy Summit, Rondo Energy, Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank announced €75 million in funding that will support three groundbreaking industrial decarbonization projects in Europe.

Rondo will use the funding (subject to the satisfaction of funding conditions) to expand its European presence and build projects delivering low-cost clean energy under long-term contracts. Each project has been optimized to capture low-cost intermittent energy from local and remote wind and solar resources, to deliver “drop-in decarbonization” for producers of food and beverage, clean fuel, and chemical production. The facilities will deliver low-cost, continuous, high-pressure, zero-carbon steam and power as a service.

“This project funding is a strong addition to our long-term relationship with Breakthrough, and puts Rondo firmly on the path to help eliminate the green premium for industrial heat electrification and to become a fully bankable technology which can be deployed at scale,” said Eric Trusiewicz, CEO of Rondo Energy. “The grant from Breakthrough Energy Catalyst and the loan from the European Investment Bank together underpin Rondo’s development throughout Europe, where we see very strong tailwinds to the adoption of our technology.”

Rondo Heat Batteries (RHBs) combine century-old materials and cutting-edge automation to turn intermittent renewable electricity into the continuous, high-temperature heat and power required by industries.

“Rondo’s technology offers industry a unique opportunity to decarbonize with inexpensive renewable electricity,” said Mario Fernandez, Head of Breakthrough Energy Catalyst. “Rondo’s deployment is crucial at a time when European manufacturers are urgently looking for ways to eliminate their dependence on natural gas. We’re proud to support these important projects across Europe and to work with such great partners in Rondo, the European Investment Bank, and the European Commission who bring the commitment and vision to commercialize this critical technology.”

“The green transition requires massive investment for innovative technologies to replace industrial processes based on fossil fuels,” said EIB Vice-President Thomas Östros. “With today’s announcement, we are writing the next chapter of the EU-Catalyst partnership. We are delighted to support Rondo’s first-of-a-kind energy storage units. As the climate bank, we aim to finance many more net-zero technologies that will provide clean and affordable energy to power our industry and homes, while strengthening Europe’s competitiveness.”

Drop-In Decarbonization for Covestro’s Chemical Production

Covestro, one of the world’s leading manufacturers of high-quality polymer materials and their components, has selected Rondo to deliver clean energy services at a production facility in Northern Germany. An RHB100 will be delivering continuous steam powered by intermittent renewable energy, contributing to Covestro’s deep commitment to circularity and decarbonization.

“As an innovation company, we are always excited when we can further develop and test promising ideas that can bring us closer to our goals of a circular economy and climate-neutral production,” says Dr. Thorsten Dreier, CTO of Covestro. “The heat battery is such an idea: a new technology that allows us to go one step further on our way to a sustainable future.”

Heat battery replaces fossil fuels in GreenLab’s green industrial park

GreenLab is a pioneer green and circular industrial park in Denmark, that works to demonstrate how energy waste can be reduced in industry. Rondo will build a “clean utilities core” supplying the companies in GreenLab with green heat. An RHB100 powered by renewables will generate high pressure steam to drive a CHP steam turbine generator cycle, translating intermittent electricity into baseload heat and power for multiple companies at the park.

One of the first companies in the park to benefit from Rondo’s heat battery will be using the green heat to produce low-carbon biogas, eliminating the use of fossil fuels in the process. This first installation will establish the performance, processes, and tools needed to expand the clean utilities core at GreenLab and to build other parks like this one powered by the wind and the sun.

GreenLab CEO Christopher Sorensen explains: “Industry accounts for approximately 25% of energy-related carbon pollution globally, and 74% of industrial energy use is tied to heat. At GreenLab, we work to reduce industrial energy waste and CO2-emissions by demonstrating new green technologies at scale. That is why Rondo’s heat battery is a perfect match for our industrial park. On a global level, powering industrial heat with renewables and heat batteries can cut CO2-emissions drastically, and we are happy to pioneer the solution in our park in this first-of-its-kind fully commercial project.”

Decarbonizing Food & Beverage Production 

Rondo will also build a third project that charges from on-site and off-site solar, delivering deep decarbonization for a European producer in the food and beverage sector, with further details to be announced soon.

Breakthrough Energy Catalyst Creating New Energy Infrastructure

Breakthrough Energy Catalyst is bringing its expertise in energy-infrastructure-investing and project-development to accelerate the widespread deployment of emerging climate technologies that can cut emissions without a green premium.

The deployment and learnings from its FOAK projects in Europe will enable Rondo to develop storage-as-a-service contracts that make clean industrial heat and power cheaper than traditional fuels. These initial projects set the stage to accelerate Rondo’s delivery on its large pipeline of global projects which will reduce industrial reliance on gas and build sustainable, cost-effective energy solutions across the world.

Strengthening Europe’s Energy Security

Rondo is a member of the Energy Resiliency Leadership Group, which is working to open markets and speed the transition to a clean energy infrastructure for Europe.

Each of these projects is an energy services project that delivers long-term low-cost clean energy for an industrial producer, reducing reliance on imported fossil fuel, cutting regulatory risk, and improving their position as manufacturing leaders in the 21st century.

“This funding is an example of what energy security looks like,” said John O’Donnell, co-founder and Chief Innovation Officer of Rondo Energy. “These projects bring together Rondo’s innovative technology with Catalyst and EIB’s innovative finance to power industry with the wind and the sun on a permanently lower-cost basis.”

“Europe urgently needs to replace imported gas with domestic renewable energy,” said Ann Mettler, VP of Breakthrough Energy Europe and co-leader of the Energy Resilience Leadership Group. “Repowering our industries is a matter of climate security, economic security, and national security. These projects are proving that we can deliver this triple win now, with the right technology, vision, and capital.”

About Rondo Energy

Rondo is purpose-built for industrial facilities: Its Heat Batteries are constructed from proven, durable materials and are designed for seamless integration with existing industrial equipment and processes. Whether deployed as a drop-in replacement for retiring fossil-fueled heating equipment or as a resilient complement to existing systems, Rondo requires no disruptive changes to customers’ operations.

Rondo currently operates the world’s highest temperature, highest efficiency commercial energy storage system, at Calgren Renewable Fuels in Pixley, California. Working with its partner Siam Cement Group (SCG), Rondo is expanding the production capacity of its storage media from its current 2 GWh/yr to an industry-leading 90 GWh per year. Rondo Energy is headquartered in Alameda, California.

About Breakthrough Energy

Breakthrough Energy is a global network of climate leaders committed to accelerating the world’s journey to a clean energy future. The organization funds breakthrough technologies, advocates for climate-smart policies, and mobilizes partners around the world to take effective action, accelerating progress at every stage.

Breakthrough Energy Catalyst is a novel platform that funds and invests in first-of-a-kind commercial projects for emerging climate technologies. By investing in these opportunities, Catalyst seeks to accelerate the adoption of these technologies worldwide and reduce their costs.

The EU-Catalyst partnership was launched in 2021 at COP26 in Glasgow with the aim to develop large-scale green tech projects based in Europe and boost investments in critical climate technologies.

Catalyst currently focuses on five technology areas: clean hydrogen, sustainable aviation fuel, direct air capture, long-duration energy storage, and manufacturing decarbonization. In addition to capital, Catalyst leverages the team’s energy-infrastructure-investing and project-development expertise to work with innovators on advancing their projects from the development stage to funding, construction and ultimately, operations. Learn more about Breakthrough Energy and Catalyst at breakthroughenergy.org.

About the EIB

The European Investment Bank (EIB) is the long-term lending institution of the European Union. It finances sound investment contributing to EU policy goals. As implementing partner of the Commission under InvestEU, the EIB has been tasked to deploy up to €420 million for the benefit of the EU-Catalyst partnership. These funds are made available from both Horizon Europe, which has committed €200 million, and the Innovation Fund, which has committed €220 million. The EU-Catalyst partnership does not exclude potential additional contributions from EU Member States or other private partners that decide to further support the projects.

About Covestro:

Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.

The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.4 billion in fiscal year 2023. At the end of 2023, the company had 48 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

About GreenLab:

GreenLab is a green and circular industrial park. It was established in 2019 to test, demonstrate, and accelerate the green transition by improving the way renewable energy is produced, converted, stored, and utilized. GreenLab shows the way for breaking down energy silos and integrating energy systems. In practice, this is done through GreenLab’s SymbiosisNet™. GreenLab has created the ideal conditions for connecting industrial production with a new and innovative energy infrastructure, research, and large-scale testing of new technologies.

www.greenlab.dk 

https://www.linkedin.com/company/greenlabskive 

Photo – https://mma.prnewswire.com/media/2448110/Rondo_commercial_unit.jpg 

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Keeper Security Launches Integration With Wiz to Remediate Critical Cloud Vulnerabilities

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June 16, 2026

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With new integration, Keeper’s identity security platform remediates vulnerabilities discovered by Wiz, enabling closed-loop protection across cloud environments.

CHICAGO, June 16, 2026 /PRNewswire/ — Keeper Security, the leading zero-trust and zero-knowledge identity security and Privileged Access Management (PAM) platform, today announces a new integration with Wiz, a leading cloud and AI security platform that is now part of Google Cloud. Joining the Wiz Integration Network establishes Keeper as a remediation engine for identity security vulnerabilities discovered by Wiz, closing the loop between cloud security detection and active risk resolution. When Wiz identifies an identity-related vulnerability, spanning human users, machine identities, AI agents and database accounts, it automatically surfaces the finding in Keeper’s Cloud Security dashboard, where security teams can review and remediate each issue directly within KeeperPAM®.

As cloud environments grow more complex, organizations face an expanding attack surface driven by the rapid proliferation of Non-Human Identities (NHIs), autonomous AI agents and over-privileged service accounts. Wiz surfaces these risks with unmatched cloud visibility and Keeper provides joint customers with an automated, trusted path from discovery to remediation.

“Finding a vulnerability is the first half of the battle,” said Craig Lurey, CTO and Co-founder of Keeper Security. “By integrating with Wiz, Keeper helps customers rotate compromised credentials, enforce privileged access management and reduce over-permissioned identities, turning Wiz’s detection power into faster, more decisive risk reduction. This is the future of cloud security – detection and remediation working as one, giving security teams a clear path from vulnerability discovery to resolution across the identities and workloads that matter most.”

“We’re happy to welcome Keeper to the Wiz Integration Network,” said Oron Noah, VP of Product, Extensibility & Partnerships at Wiz. “Together, we’re helping customers connect cloud risk findings with privileged access controls, making it easier to move from discovery to remediation. By bringing cloud visibility and access management into a unified workflow, teams can better secure both human and machine identities at scale.”

At the heart of the integration is a real-time workflow that transforms Wiz’s Issues into Keeper-driven remediation actions. When a Wiz customer enables the Keeper integration, Wiz scans the cloud environment for identity security vulnerabilities within Keeper’s remediation scope. Security teams can then select a finding and execute the appropriate remediation action through KeeperPAM:

Rotate compromised credentials and vault updated secretsBring unmanaged accounts under PAM governanceReduce excessive privileges for users, service accounts and IAM rolesMap Wiz Issues to existing PAM records or onboard new resourcesSubmit resolutions back to Wiz to close the loop on each finding

This tight integration bridges the gap between cloud security detection and identity security remediation, giving security teams a single, closed-loop workflow. Rather than manually triaging Wiz Issues and separately executing remediation steps in Keeper, KeeperPAM works alongside Wiz by automatically receiving identity-related Issues and streamlining the remediation steps. For teams, this results in accelerated Mean Time To Remediation (MTTR) and a dramatically reduced window of exposure before a vulnerability can be exploited.

The integration is especially powerful in AI-native environments, where autonomous agents and service accounts can rapidly accumulate excessive permissions across cloud infrastructure. Wiz’s AI Application Protection Platform (AI-APP) detects over-privileged AI agents, insecure service configurations and other AI-native risks. Keeper serves as a designated remediation engine, enforcing least privilege policies and enabling just-in-time access controls for AI agents in response. Together, they secure the full AI lifecycle from code to runtime, without requiring manual intervention from security teams.

Key benefits include:

Streamlined Identity Remediation: When Wiz discovers an identity security vulnerability, Keeper takes action – rotating compromised credentials, enforcing PAM controls and reducing excess privileges – streamlining the steps between detection and resolution.Closed-Loop Security Workflow: Connect Wiz’s industry-leading cloud and AI vulnerability detection directly to Keeper’s privileged access management platform for a complete detect-to-remediate pipeline that operates at cloud scale.Accelerated Mean Time to Remediation: By accelerating response to identity vulnerabilities at the moment of discovery, organizations dramatically shrink the window of exposure and reduce the risk of breach escalation.Comprehensive Identity Coverage: Remediation scope covers the full range of identity types, including human users, machine identities, AI agents and database accounts, ensuring no privileged entity goes unmanaged across cloud environments.

KeeperPAM, Keeper’s cloud-native privileged access management platform, unifies password, secrets and connections management with zero-trust network access, endpoint privilege management and remote browser isolation in a single solution. Built on a zero-trust and zero-knowledge architecture, KeeperPAM provides real-time visibility, automated credential security and AI-powered session monitoring to help organizations prevent breaches and maintain compliance across hybrid and multi-cloud environments.

By connecting detection directly to remediation, Keeper and Wiz give security teams the confidence that cloud risks are not just visible, but actively resolved. KeeperPAM’s zero-trust architecture ensures every remediation action maintains a verifiable chain of custody – from Wiz’s initial finding through to Keeper’s corrective action – supporting both continuous compliance and audit readiness.

Keeper’s integration with Wiz is available now. Review the full release notes in the Keeper documentation.

About Keeper Security
Keeper Security is the leading zero-trust and zero-knowledge identity security solution, trusted by millions of people and thousands of organizations globally. KeeperPAM® is Keeper’s privileged access management platform that unifies password and passkey management, secrets management, privileged session management and endpoint privilege management in a single cloud-native platform, protected with quantum-resistant encryption. KeeperAI delivers real-time, AI-native threat detection across every privileged session. As AI agents proliferate and identity becomes the defining attack surface, Keeper governs access for humans, machines, non-human identities and AI agents, serving as the unified control plane for access, compliance and visibility across the enterprise. For more information, visit KeeperSecurity.com.

Learn more: KeeperSecurity.com

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Media Contact
Katherine Benfield
ICR for Keeper Security
keepersecurity@icrinc.com

 

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Benzinga Launches Institutional Portfolio Intelligence API for Faster Institutional Ownership Intelligence

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June 16, 2026

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DETROIT, June 16, 2026 /PRNewswire/ — Benzinga, a leading provider of market intelligence and financial data APIs, today announced the launch of its Institutional Portfolio Intelligence API. The new dataset is designed to help brokerages, fintech platforms, quantitative researchers, and investor applications uncover signals hidden within hedge fund and institutional portfolios.

The dataset provides institutional holdings, capital flow trends, portfolio analytics, and ownership intelligence across more than 11,000 U.S. equities and ETFs. It delivers portfolio intelligence covering more than 8,000 hedge funds and institutional managers representing over $50 trillion in assets under management.

Unlike many institutional ownership datasets that refresh on quarterly reporting cycles, Benzinga’s Institutional Portfolio Intelligence API instantly incorporates newly filed 13F disclosures as they become available. Firms can use this data to identify emerging trends, monitor shifts in institutional conviction, and uncover actionable insights from large-scale portfolio activity sooner.

As investors seek deeper insights beyond traditional market data, understanding how professional money managers allocate capital has become an increasingly valuable source of intelligence.

“While institutional holdings are reported quarterly, the market doesn’t wait for quarterly data refreshes,” said Clint Rhea, Manager of Institutional and Channel Partnerships at Benzinga. “Our Institutional Portfolio Intelligence API captures new 13F disclosures as they are filed, allowing clients to identify position initiations, exits, and conviction changes from some of the world’s largest investors as quickly as possible. Whether you’re monitoring a crowded short, tracking institutional accumulation, validating an investment thesis, or understanding how professional money managers are allocating capital, speed and breadth of coverage matter. This dataset delivers on all of them.”

Key capabilities of the Institutional Portfolio Intelligence API include:

Institutional holdings and portfolio dataOwnership trends and capital flow analysisConsensus fund positioning insightsPortfolio concentration and allocation analyticsOutlier trade and conviction signal identificationHistorical coverage dating back to 2013Coverage across 11,000+ U.S. equities and ETFs (and 20,000+ delisted tickers)Fund sentiment by ticker, theme, industry or sectorFund performance and copy-traded returnsFund P/L and other fund manager metricsReal-time raw filings and insights

The dataset is designed for integration into brokerage platforms, portfolio research tools, screening applications, quantitative models, and investor-facing experiences. Available via API, WebSockets, and flat file delivery, the solution enables firms to incorporate institutional intelligence directly into their products and workflows.

The launch further expands Benzinga’s growing suite of institutional-grade market data solutions, helping clients build more informed investing experiences powered by actionable intelligence, alternative datasets, and more timely visibility into institutional portfolio activity.

About Benzinga

Benzinga is a leading financial media and data technology company that empowers investors with high-quality, real-time market intelligence. Through its news platform, APIs, and data products, Benzinga provides traders, financial institutions, and fintech platforms with the insights they need to make smarter investment decisions. From breaking news and analyst ratings to corporate events and alternative datasets, Benzinga’s tools help market participants stay ahead of the information that drives price movement.

To learn more, visit www.benzinga.com/apis/.

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Made Card and Multiply Mortgage Partner to Extend Homeowner Benefits Beyond Closing Day

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June 16, 2026

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NEW YORK, June 16, 2026 /PRNewswire/ — Made Card, the first credit card purpose-designed for the homeowner, today announced a partnership with Multiply Mortgage, the leading provider of homeownership benefits, helping employees across 1,200+ employers finance homes with lower rates and concierge-level support through their workplace.

Made is designed for what comes after closing day. Multiply connects employees to expert loan advisors and competitive rates through a workplace benefit. Made picks up where the mortgage leaves off, turning unavoidable home costs into a measurable financial return. Through the partnership, homebuyers who finance with Multiply will receive access to a suite of exclusive benefits built for new homeowners including a sign-on bonus redeemable toward closing costs and elevated cashback on mortgage payments, utilities, maintenance, and repairs.

“This partnership is a personal one for me,” said Alex Song, Co-Founder of Made Card. “Two years ago, Multiply helped me buy my own home, and I believed in what they were building so much that I became one of their earliest investors. Today we get to build together as operators. Multiply reaches homebuyers at the exact moment they are making the largest financial decision of their lives, and they do it with a level of care I experienced firsthand. Connecting that moment to Made is exactly what this card was built for.”

“Multiply exists to make homeownership more accessible and less stressful, and Made Card extends that mission past closing day,” said Michael White, Co-Founder and CEO of Multiply Mortgage. “Our clients are navigating the biggest purchase of their lives. Pairing that with a card built around what owning actually costs is exactly the benefit our customers deserve.”

About Made Card
Made is building the first credit card purpose-designed for the homeowner’s expenses: the predictable bills, the unexpected ones, and the administrative and emotional weight that no existing financial product was built to address. Turning that unavoidable cost into a measurable financial return, Made addresses a spend category every other card ignores and is building the next-gen home ecosystem.

About Multiply Mortgage
Multiply Mortgage helps employees navigate the largest purchase of their lives: buying a home. Multiply’s financial wellness benefit offers mortgage interest rate discounts and personalized guidance throughout the home financing process, all with zero cost or administrative overhead for the company.

Media Contact
media@madecard.com
madecard.com

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