Newcastle-based clean energy company MGA Thermal unveils the first stage of its new commercial manufacturing facility in Tomago.

Newcastle-based clean energy company MGA Thermal has unveiled the first stage of its new commercial manufacturing facility in Tomago. It is the latest chapter in the company's astronomical rise, which has been driven by demand for new energy storage to replace ageing or and increasingly unreliable coal-fired power stations.

Fast lane: L-R Erich Kisi, chief executive, Alexander Post, chief technology officer and co-founder and Arden Jarrett, business development officer. Picture: Marina Neil.

The company has also registered customer interest for 20 gigawatt hours of energy storage, the equivalent of powering 1.3 million homes, from customers for its technology, which was created at the University of Newcastle.

MGA Thermal's new equipment will be capable of manufacturing more than 1,000 blocks, or 1 megawatt hours of energy storage, per day by the end of 2022.

"We have got about 20 companies in our customer pipeline, which is valued at about $1billion. Some of them are at the start of the journey others are moving down into contract-related discussions," Erich Kisi, co-founder and chief executive of MGA Thermal, said.