French startup Epyr raises €15M following successful industrial heat storage deployment

French industrial energytech company Epyr has raised a €15 million Series A round led by  SlateVC. Existing investors AENU and Daphni are doubling down, alongside WEPA Ventures, OVNI  Capital and Aurum Impact.  Industrial heat accounts for around 20 per cent of global energy consumption and is still largely produced by burning fossil fuels, mostly natural gas in Europe. Electrifying it has become an EU priority, both to cut emissions and to reduce dependence on imported fuels. But industrial sites will switch only if electric heat costs less than gas.  Market conditions are now tipping in electricity's favour. After repeated crises, fossil fuels remain expensive and volatile, while the growth of renewables makes electricity cheaper whenever the sun shines, or the wind blows, and supply exceeds demand.  Epyr develops innovative thermal energy storage solutions that help industries move away from fossil fuels. By making decarbonised high-temperature industrial heat competitive and ea