# TheStorage

**Source:** https://www.startuphub.ai/startups/thestorage
**Profile type:** Startup

> Industrial thermal energy storage solutions using sand.

## About

TheStorage is a cleantech company that develops industrial thermal energy storage solutions. Their technology stores energy in sand, enabling industrial companies to electrify heat processes, integrate renewable energy sources, and optimize energy use based on electricity market prices. This approach aims to significantly reduce both energy costs and emissions compared to fossil-based systems.

## Key facts

- **Slug:** thestorage
- **Website:** https://www.thestorage.fi/
- **Location:** Tampere, Finland
- **Founded:** 2023-01-01
- **Operating status:** Active
- **Total funding:** $7M
- **Sectors / tags:** Cleantech, Energy Storage, Industrial Technology, Renewable Energy, Thermal Energy Storage, Industrial Heat, Renewable Energy Integration, Decarbonization, Sustainability, Advanced Manufacturing, Climate Tech, Industrial Automation
- **Social:**
  - LinkedIn: https://www.linkedin.com/in/timo-siukkola-922434b3

## Frequently asked

### What does TheStorage do?

TheStorage is a cleantech company that develops industrial thermal energy storage solutions. Their technology stores energy in sand, enabling industrial companies to electrify heat processes, integrate renewable energy sources, and optimize energy use based on electricity market prices. This approach aims to significantly reduce both energy costs and emissions compared to fossil-based systems.

### What is TheStorage's revenue?

StartupHub estimates TheStorage's annual revenue at $2.9M (range $958K to $3.5M, 29% confidence), based on comparable companies in the sector.

### What is TheStorage's valuation?

StartupHub estimates TheStorage's effective valuation at $27.5M (range $16.9M to $40.5M, 23% confidence), based on comparable companies in the sector.

### How much funding has TheStorage raised?

TheStorage has raised a total of $7M in funding. The most recent round on record is Seed.

### Where is TheStorage headquartered?

TheStorage is headquartered in Tampere, Finland.

### When was TheStorage founded?

TheStorage was founded in 2023.

### What industry does TheStorage operate in?

TheStorage operates in Cleantech, Energy Storage, Industrial Technology, Renewable Energy, Thermal Energy Storage, Industrial Heat.

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