We need to think more deeply about thermal energy storage as a pathway to industrial decarbonisation and managing electricity costs, writes Pasquale Romano, CEO of Redoxblox.
Technology firm Hyme Energy and potential customer Arla Foods are seeking EU funding for a 200MW thermal energy storage system project, which they claim is the largest in the world.
US$150 million has been raised in a Series B by Antora Energy, a US-based startup with a novel ‘thermal battery’ technology claimed to be suitable for decarbonising industrial processes.
Lessons will be learned from an overheating incident at a thermal energy storage demonstration unit to which fire crews were called, the company behind the technology has said.
Kraftblock, a thermal energy storage startup based in Germany, and Australia’s MGA Thermal have secured funding to accelerate their technologies’ scale-up and commercialisation.