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Thermal Battery Specialist Secures €110Mn Investment (Int'l.)
EnergyNest
Date: 2021-04-12
Norwegian thermal battery pioneer EnergyNest report it has secured €110 million investment as part of a deal with Infracapital, making Infracapital EnergyNest's largest shareholder.

The new funds will be used to scale up development of the company's modular heat-based energy storage system batteries and offer long term, financed energy storage solutions to customers that unlock "substantial energy and carbon cost savings," acording to the release.

EnergyNest describes itself as one of the first thermal storage companies globally with a market ready battery and projects in execution, including for Norwegian chemical giant Yara and Italian energy company Eni, where installation is expected to take place in Q2, The firm claims that it is The company is targeting an industrial heat energy storage market that it says could excess €300 billion a year in the coming decades, according to the release. (Source: EnergyNest, PR, Apr., 2021) Contact: EnergyNest, Christian Thiel, CEO, www.energy-nest.com

More Low-Carbon Energy News EnergyNest news,  Energy Storage news,  Battery news,  


Thermal Battery Specialist Secures €110Mn Investment (Int'l.)
EnergyNest
Date: 2021-04-12
Norwegian thermal battery pioneer EnergyNest reports it has secured €110 million investment as part of a deal with Infracapital, making Infracapital EnergyNest's largest shareholder.

The new funds will be used to scale up development of the company's modular heat-based energy storage system batteries and offer long term, financed energy storage solutions to customers that unlock "substantial energy and carbon cost savings", according to the release.

EnergyNest describes itself as one of the first thermal storage companies globally with a market ready battery and projects in execution, including for Norwegian chemical giant Yara and Italian energy company Eni, where installation is expected to take place in Q2, The firm claims that it is The company is targeting an industrial heat energy storage market that could excess €300 billion a year in the coming decades, according to the release. (Source: EnergyNest, PR, Apr., 2021) Contact: EnergyNest, Christian Thiel, CEO, www.energy-nest.com

More Low-Carbon Energy News EnergyNest,  Energy Storage,  Battery,  

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