An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.
For the US to thrive while achieving its decarbonisation goals, it needs a robust clean energy economy, creating well-paid jobs and a strong trajectory for technical innovation, argues Philip Brennan, CEO of Echogen, an Ohio-based provider of waste-heat recovery systems and electro-thermal energy storage solutions.
Siemens Energy has formed a partnership aimed at sustainably decarbonising the industrial sector with Norway-headquartered thermal energy storage company EnergyNest.
“The elimination of solar energy’s intermittency and ensuring its 24-hour availability at grid-competitive cost is the holy grail and RayGen has found it”.
Energy use by air conditioning can be both expensive and taxing for the environment, with the University of the Sunshine Coast, Queensland, Australia, set to trial a three-storey ‘water battery’ to reduce both energy demand and cost.
