 |
HO CHI MINH CITY, Vietnam, May 13, 2025 /PRNewswire/ -- AlternÅ, a climate-tech startup founded in 2023, has closed its Series A funding round to accelerate the deployment of its sustainable heat technology and support its mission to eliminate 100 million tons of COâ‚‚ emissions annually by 2030. By building the next generation of clean energy infrastructure—delivering heat, electricity, and AI-powered energy management—AlternÅ aims to redefine how the world powers its factories, farms, and communities.
The round was led by UntroD Capital Asia, with participation from ADB Ventures, the venture arm of the Asian Development Bank—a testament to growing investor confidence in scalable climate solutions for hard-to-abate sectors. The company's growth to date has been supported by early institutional backing from Antler, which played a pivotal role in AlternÅ's initial development.
Pioneering Clean Heat Through Thermal Energy Storage
AlternÅ's patented thermal energy storage system—known as a sand battery—utilizes locally available, low-cost materials like sand to store heat at temperatures up to 600°C, with minimal thermal loss and zero emissions during operation. While sand has a moderate heat capacity (~300 kcal/m³â€¢°C), its exceptional thermal stability and ultra-low cost make it one of the most practical and scalable materials for high-temperature heat storage. As illustrated in comparative studies of sensible heat storage materials, sand offers an ideal balance between performance and affordability, outperforming more expensive options like copper, aluminum, or steel when it comes to cost-effectiveness per unit of stored energy. This positions AlternÅ's solution as a high-efficiency, low-cost pathway to industrial decarbonization, particularly in emerging markets where clean heat alternatives remain scarce or economically unfeasible.
AlternÅ's technology has already proven effective in industrial drying and agro-processing applications in Vietnam, where it has reduced fossil fuel dependency, lowered energy costs, and improved both output consistency and product quality. Clients include leading domestic and international companies such as PepsiCo, Mondelez, and a network of cooperatives and manufacturers across Vietnam.
Hai Ho, Co-Founder & CEO, stated:
"This funding marks a pivotal milestone for AlternÅ. With the support of ADB Ventures and UntroD, we're accelerating our efforts to bring large-scale, cost-effective decarbonization to industrial sectors. This isn't just another battery—it's a revolution in how we generate and use industrial heat, starting from something as simple as sand."
Next-Generation Product Lineup
With the support of its latest funding, AlternÅ is expanding its portfolio to serve both factory and community-scale energy needs:
- AlternÅ One – A compact thermal battery that delivers clean heat to off-grid homes and remote communities. Successfully piloted in Lâm Äồng, Vietnam, the system is now preparing for initial deployment in Mongolia, where it will help combat extreme winter air pollution and improve energy access.
- AlternŠHybrid – The world's first modular thermal battery integrating electric and biomass heating. Designed for 24/7 heat supply in rural agro-processing, it enables farmers to repurpose organic waste into energy. This solution is poised to revolutionize agricultural drying practices across Vietnam.
All systems are IoT-connected, AI-optimized, and remotely monitored by AlternÅ's in-house R&D team, ensuring peak performance, operational transparency, and continuous improvement.
Strategic Growth and Global Recognition
To make its technology broadly accessible, the company offers flexible financial models, including Heat-as-a-Service (HaaS)—enabling clients to decarbonize without heavy upfront capital investment. AlternŠis also in co-development discussions with major international partners including Honda and Marubeni, further underscoring its global potential.
The company has also gained significant global recognition, winning the 2024 PepsiCo Greenhouse Accelerator for Asia-Pacific and placing Top 2 globally at the Startup World Cup. These accolades highlight both the technological maturity and commercial viability of AlternÅ's solutions.
About AlternÅ
AlternÅ is a climate-tech startup based in Singapore with R&D and manufacturing in Vietnam. The company develops sand-based thermal battery systems that deliver high-temperature, zero-emission heat for industrial and agricultural applications. Founded in 2023, AlternÅ aims to accelerate the energy transition in hard-to-abate sectors across Asia and beyond, with a long-term goal of reducing 100 million tons of COâ‚‚ annually by 2030.
For media inquiries, please contact:
AlternÅ
race2zero@alterno.net
www.alterno.net
Original Images: HERE
HO CHI MINH CITY, Vietnam, May 13, 2025 /PRNewswire/ -- AlternÅ, a climate-tech startup founded in 2023, has closed its Series A funding round to accelerate the deployment of its sustainable heat technology and support its mission to eliminate 100 million tons of COâ‚‚ emissions annually by 2030. By building the next generation of clean energy infrastructure—delivering heat, electricity, and AI-powered energy management—AlternÅ aims to redefine how the world powers its factories, farms, and communities.
The round was led by UntroD Capital Asia, with participation from ADB Ventures, the venture arm of the Asian Development Bank—a testament to growing investor confidence in scalable climate solutions for hard-to-abate sectors. The company's growth to date has been supported by early institutional backing from Antler, which played a pivotal role in AlternÅ's initial development.
Pioneering Clean Heat Through Thermal Energy Storage
AlternÅ's patented thermal energy storage system—known as a sand battery—utilizes locally available, low-cost materials like sand to store heat at temperatures up to 600°C, with minimal thermal loss and zero emissions during operation. While sand has a moderate heat capacity (~300 kcal/m³â€¢°C), its exceptional thermal stability and ultra-low cost make it one of the most practical and scalable materials for high-temperature heat storage. As illustrated in comparative studies of sensible heat storage materials, sand offers an ideal balance between performance and affordability, outperforming more expensive options like copper, aluminum, or steel when it comes to cost-effectiveness per unit of stored energy. This positions AlternÅ's solution as a high-efficiency, low-cost pathway to industrial decarbonization, particularly in emerging markets where clean heat alternatives remain scarce or economically unfeasible.
AlternÅ's technology has already proven effective in industrial drying and agro-processing applications in Vietnam, where it has reduced fossil fuel dependency, lowered energy costs, and improved both output consistency and product quality. Clients include leading domestic and international companies such as PepsiCo, Mondelez, and a network of cooperatives and manufacturers across Vietnam.
Hai Ho, Co-Founder & CEO, stated:
"This funding marks a pivotal milestone for AlternÅ. With the support of ADB Ventures and UntroD, we're accelerating our efforts to bring large-scale, cost-effective decarbonization to industrial sectors. This isn't just another battery—it's a revolution in how we generate and use industrial heat, starting from something as simple as sand."
Next-Generation Product Lineup
With the support of its latest funding, AlternÅ is expanding its portfolio to serve both factory and community-scale energy needs:
- AlternÅ One – A compact thermal battery that delivers clean heat to off-grid homes and remote communities. Successfully piloted in Lâm Äồng, Vietnam, the system is now preparing for initial deployment in Mongolia, where it will help combat extreme winter air pollution and improve energy access.
- AlternŠHybrid – The world's first modular thermal battery integrating electric and biomass heating. Designed for 24/7 heat supply in rural agro-processing, it enables farmers to repurpose organic waste into energy. This solution is poised to revolutionize agricultural drying practices across Vietnam.
All systems are IoT-connected, AI-optimized, and remotely monitored by AlternÅ's in-house R&D team, ensuring peak performance, operational transparency, and continuous improvement.
Strategic Growth and Global Recognition
To make its technology broadly accessible, the company offers flexible financial models, including Heat-as-a-Service (HaaS)—enabling clients to decarbonize without heavy upfront capital investment. AlternŠis also in co-development discussions with major international partners including Honda and Marubeni, further underscoring its global potential.
The company has also gained significant global recognition, winning the 2024 PepsiCo Greenhouse Accelerator for Asia-Pacific and placing Top 2 globally at the Startup World Cup. These accolades highlight both the technological maturity and commercial viability of AlternÅ's solutions.
About AlternÅ
AlternÅ is a climate-tech startup based in Singapore with R&D and manufacturing in Vietnam. The company develops sand-based thermal battery systems that deliver high-temperature, zero-emission heat for industrial and agricultural applications. Founded in 2023, AlternÅ aims to accelerate the energy transition in hard-to-abate sectors across Asia and beyond, with a long-term goal of reducing 100 million tons of COâ‚‚ annually by 2030.
For media inquiries, please contact:
AlternÅ
race2zero@alterno.net
www.alterno.net
Original Images: HERE
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Alternō Raises Series A Funding to Scale Sustainable Heat Technology for a Zero-Emission Future
Alternō Raises Series A Funding to Scale Sustainable Heat Technology for a Zero-Emission Future
|
Welcoming the Year of the Horse in Bali's leading luxury family resort.
BALI, Indonesia, Jan. 12, 2026 /PRNewswire/ -- The Ritz-Carlton, Bali invites guests to embrace the auspicious spirit of the Lunar New Year with a curated collection of festive dining experiences designed to unite families in an atmosphere of warmth, celebration, and refined indulgence. This year's highlights include a sumptuous Lunar New Year's Eve Dinner and an elegant Lunar New Year Afternoon Tea, each thoughtfully crafted to honor cherished traditions while elevating the holiday with contemporary flair.
The Lunar New Year's Eve Dinner at Senses presents a vibrant culinary celebration overlooking the resort's beautifully manicured garden. Guests are welcomed to savor an abundant buffet featuring freshly steamed dim sum, golden spring rolls, decadent roast duck, fragrant wok-fried specialties, and symbolic dishes representing prosperity, longevity, and good fortune. Complemented by live carving stations and traditional festive desserts, this memorable evening invites families to gather in the spirit of unity and abundance. Available on 16 February 2026 from 6 p.m. to 10:30 p.m., priced at IDR 1,000,000++ per person.
For those seeking a more leisurely celebration, the Lunar New Year Afternoon Tea offers a refined experience inspired by timeless Asian traditions. Guests can indulge in handcrafted sweet and savory delights, including mandarin orange cake, crispy vegetable money bags symbolizing good fortune, dried fruits, plums, and other festive treats. Paired with premium loose-leaf teas and enjoyed against panoramic ocean views, this elevated experience sets the tone for meaningful moments shared with loved ones. Available from 15–20 February 2026, priced at IDR 1,100,000++ for two people.
"We are delighted to welcome guests to The Ritz-Carlton, Bali for this meaningful celebration of the Lunar New Year," said Go Kondo, General Manager of The Ritz-Carlton, Bali. "Our culinary teams have thoughtfully crafted experiences that honor cherished traditions while showcasing the richness of Asian flavors."
For more information, please visit the website at ritzcarltonbali.com or email rc.dpssw.restaurant.reservation@ritzcarlton.com.
About The Ritz-Carlton, Bali
Built on a sprawling 12.7 hectares white beach front and elevated cliff top settings, The Ritz-Carlton, Bali feature 313 oceanfront suites and villas, enjoying the unobstructed view of the Indian Ocean and the resort's lush garden. Completing the experiences, a glass elevator connects the cliff and the beach-front, five restaurants and bars, The Ritz-Carlton Ballroom and meeting facilities, a wedding chapel, as well as The Ritz-Carlton Spa. Ladies and gentlemen at The Ritz-Carlton, Bali is proudly presents the timeless charms of Indo-Balinese hospitality.
About The Ritz-Carlton Hotel Company, LLC
Delivering the Gold Standard in service in coveted destinations around the world, The Ritz-Carlton Hotel Company, LLC currently operates more than 120 hotels in over 35 countries and territories. From iconic urban destinations to stretches of paradise in untouched corners of the earth, The Ritz-Carlton offers the opportunity for true discovery and transformative escapes that stay with guests long after they depart. Committed to thoughtful innovation, The Ritz-Carlton encompasses two groundbreaking brand extensions, Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection. Ritz-Carlton Reserve is a collection of rare estates set apart from the world, where personalized care and cultural immersion are paramount. The Ritz-Carlton Yacht Collection translates the brand's legendary service and hospitality for sea, reimagining the ultra-luxury cruising category. For more information or reservations, visit the company website at www.ritzcarlton.com, for the latest company updates, visit news.marriott.com and to join the live conversation, use #RCMemories and follow along on Facebook, X, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR). The Ritz-Carlton is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. The Ritz-Carlton is committed to supporting the destinations where it operates through Community Footprints, the company's social and environmental responsibility program.
Welcoming the Year of the Horse in Bali's leading luxury family resort.
BALI, Indonesia, Jan. 12, 2026 /PRNewswire/ -- The Ritz-Carlton, Bali invites guests to embrace the auspicious spirit of the Lunar New Year with a curated collection of festive dining experiences designed to unite families in an atmosphere of warmth, celebration, and refined indulgence. This year's highlights include a sumptuous Lunar New Year's Eve Dinner and an elegant Lunar New Year Afternoon Tea, each thoughtfully crafted to honor cherished traditions while elevating the holiday with contemporary flair.
The Lunar New Year's Eve Dinner at Senses presents a vibrant culinary celebration overlooking the resort's beautifully manicured garden. Guests are welcomed to savor an abundant buffet featuring freshly steamed dim sum, golden spring rolls, decadent roast duck, fragrant wok-fried specialties, and symbolic dishes representing prosperity, longevity, and good fortune. Complemented by live carving stations and traditional festive desserts, this memorable evening invites families to gather in the spirit of unity and abundance. Available on 16 February 2026 from 6 p.m. to 10:30 p.m., priced at IDR 1,000,000++ per person.
For those seeking a more leisurely celebration, the Lunar New Year Afternoon Tea offers a refined experience inspired by timeless Asian traditions. Guests can indulge in handcrafted sweet and savory delights, including mandarin orange cake, crispy vegetable money bags symbolizing good fortune, dried fruits, plums, and other festive treats. Paired with premium loose-leaf teas and enjoyed against panoramic ocean views, this elevated experience sets the tone for meaningful moments shared with loved ones. Available from 15–20 February 2026, priced at IDR 1,100,000++ for two people.
"We are delighted to welcome guests to The Ritz-Carlton, Bali for this meaningful celebration of the Lunar New Year," said Go Kondo, General Manager of The Ritz-Carlton, Bali. "Our culinary teams have thoughtfully crafted experiences that honor cherished traditions while showcasing the richness of Asian flavors."
For more information, please visit the website at ritzcarltonbali.com or email rc.dpssw.restaurant.reservation@ritzcarlton.com.
About The Ritz-Carlton, Bali
Built on a sprawling 12.7 hectares white beach front and elevated cliff top settings, The Ritz-Carlton, Bali feature 313 oceanfront suites and villas, enjoying the unobstructed view of the Indian Ocean and the resort's lush garden. Completing the experiences, a glass elevator connects the cliff and the beach-front, five restaurants and bars, The Ritz-Carlton Ballroom and meeting facilities, a wedding chapel, as well as The Ritz-Carlton Spa. Ladies and gentlemen at The Ritz-Carlton, Bali is proudly presents the timeless charms of Indo-Balinese hospitality.
About The Ritz-Carlton Hotel Company, LLC
Delivering the Gold Standard in service in coveted destinations around the world, The Ritz-Carlton Hotel Company, LLC currently operates more than 120 hotels in over 35 countries and territories. From iconic urban destinations to stretches of paradise in untouched corners of the earth, The Ritz-Carlton offers the opportunity for true discovery and transformative escapes that stay with guests long after they depart. Committed to thoughtful innovation, The Ritz-Carlton encompasses two groundbreaking brand extensions, Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection. Ritz-Carlton Reserve is a collection of rare estates set apart from the world, where personalized care and cultural immersion are paramount. The Ritz-Carlton Yacht Collection translates the brand's legendary service and hospitality for sea, reimagining the ultra-luxury cruising category. For more information or reservations, visit the company website at www.ritzcarlton.com, for the latest company updates, visit news.marriott.com and to join the live conversation, use #RCMemories and follow along on Facebook, X, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR). The Ritz-Carlton is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. The Ritz-Carlton is committed to supporting the destinations where it operates through Community Footprints, the company's social and environmental responsibility program.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Celebrate Prosperity and Togetherness at The Ritz-Carlton, Bali
