EnergyNest

ENERGYNEST AS
Company typePrivate
IndustryEnergy storage
Founded2011
HeadquartersBillingstad, Norway
Key people
Dr. Christian Thiel (CEO)
ProductsThermal Battery
Websitewww.energy-nest.com

ENERGYNEST is a thermal energy storage company founded in 2011 by Professor Pål Bergan and Øivind Resch. The company is headquartered in Billingstad, Norway. Other branches are located in Hamburg, Seville and Rotterdam.

The company manufactures industrial scale thermal energy storage systems. The thermal battery is designed to store energy in the form of heat and release it as process heat or steam when needed.[1] The use of thermal energy storage enables the decoupling of energy production and energy consumption – and therefore flexible energy use.[2][3]

The pilot facility project in Masdar City (Abu Dhabi), in cooperation with the Masdar Institute of Science & Technology was completed in 2015, which was continued for improvement until 2017.[4]

The first industrial project started in September 2019, where the company has supplied thermal batteries for the Italian energy company Eni in a production site in Sicily.[5]

In June 26, 2020, ENERGYNEST and Siemens Energy announced a long-term partnership for joint development of thermal energy storage systems, in which the company eyes to incorporate their proprietary thermal battery with Siemens technologies and projects.[6]

In April 2021, Infracapital invested $110 million and acquired a majority stake in the company.[7][8]

The first commercial project went into operation in 2022 at the fertiliser manufacturer YARA International.[9][10]

In February 2023, the company has finished installing a thermal battery to replace natural gas usage for the Belgium manufacturing plant of Avery Dennison.[11]

References

  1. ^ Hoivik, Nils; Greiner, Christopher; Barragan, Juan; Iniesta, Alberto Crespo; Skeie, Geir; Bergan, Pål; Blanco-Rodriguez, Pablo; Calvet, Nicolas (2019). "Long-term performance results of concrete-based modular thermal energy storage system". Journal of Energy Storage. 24: 100735. doi:10.1016/j.est.2019.04.009. S2CID 195548517.
  2. ^ Collins, Leigh (July 8, 2020). "ENERGYNEST has produced a new type of modular thermal battery able to store waste heat for hours, days or even weeks". HELIOSCSP. Retrieved July 29, 2023.
  3. ^ "Thermal batteries". Future Heat. Retrieved July 29, 2023.
  4. ^ "Masdar Institute and EnergyNest Agree to Further Intensify Research Activities at MISP's Thermal Energy Storage Pilot Facility". ZAWYA. February 24, 2016. Retrieved July 29, 2023.
  5. ^ Bailey, Mary (September 5, 2019). "Eni to install an EnergyNest thermal battery for steam production at Gela manufacturing site". Chemical Engineering. Retrieved July 29, 2023.
  6. ^ Adeeb, Maryam (June 26, 2020). "ENERGYNEST, Siemens Energy form thermal energy storage partnership". S&P Global. Retrieved July 29, 2023.
  7. ^ "ENERGYNEST secures €110m investment from M&G-backed Infracapital". Battery Industry. April 13, 2021. Retrieved July 29, 2023.
  8. ^ "Infracapital takes majority stake in thermal battery firm EnergyNest". Real Assets. 2021-04-12. Retrieved 2024-12-27.
  9. ^ Scott, Mike (May 5, 2023). "After SVB collapse, clean energy startups partner with industry to ride the storms". Reuters. Retrieved July 29, 2023.
  10. ^ Colthorpe, Andy (April 12, 2021). "Thermal energy storage startup ENERGYNEST secures US$130 million investment". Energy Storage News. Retrieved July 29, 2023.
  11. ^ Whitlock, Robin (February 14, 2023). "ENERGYNEST finalises installation of thermal battery in Belgium". Renewable Energy Magazine. Retrieved July 29, 2023.


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