About Caldera

Caldera is on a mission to make zero carbon industrial heat accessible and affordable, using Storage Boilers charged with renewable electricity. Leveraging patented technology that has captured attention from 12 sectors across 15 countries, we’re tackling one of the climate crisis’s most overlooked challenges: industrial heat.

Based in Fareham, UK, our headquarters serve as a comprehensive centre for innovation. Here, we manage everything from initial product development and prototyping to full-scale production. Our team, united by a passion for climate solutions, brings together a diverse range of expertise and backgrounds. Together, we’re not just imagining a cleaner future; we’re building it.

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Group of people standing outdoors in front of industrial equipment and a large gray tank with an orange logo.

History

2017

Founded

Caldera is founded by James Macnaghten and Guy Winstanley to pave the way for easy, affordable heat decarbonisation.

2018

First of a kind

We’re the first in the world to create a heat storage material using volcanic rocks and recycled aluminium.

2019

Patented technology

We develop proprietary, highly efficient vacuum insulation and heat extraction for a 100 kWh prototype.

2020

100 kWh prototype

We install the first 100 kWh Storage Boiler to demonstrate the safety and reliability of our technology. It's still operational today.

2021

Investment

We raise £1.5m through a successful crowdfunding campaign, exceeding our goal by 250%.

2022

UK grant funding

We win £800k of UK government funding to deploy ten 100 kWh units in long-term test environments, and develop an industrial scale Storage Boiler.

2023

Follow-on UK grant funding

We win £4.3m of UK government funding to build a 4MWh commercial demonstrator of our industrial Storage Boiler.

2024

Commercial demonstrator

We celebrate another highly successful crowdfunding campaign, raising £1.5m. Our first industrial Storage Boiler is commissioned and achieves its targets.

2025

Series A investment

We achieve a major milestone securing £10m Series A investment from GEA Group, one of the world’s largest systems suppliers for the F&B and pharmaceutical sectors. Our industrial Storage Boiler exceeds its targets.

Get in touch

Whether you are interested in a site suitability assessment, partnering, or anything else, we look forward to hearing from you.

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