Siemens, EnergyNest Strike Storage Partnership
26 Jun 2020 by renews.biz
Siemens Energy and EnergyNest have entered a long-term partnership to develop thermal energy storage solutions for industrial customers, with uses including offtaking excess renewable electricity.
Centered around cost-effectiveness and energy efficiency, the parties will work together to develop industrialized, modularized and standardized thermal energy storage solutions for Siemens Energy’s industrial customers.
EnergyNest will seek to incorporate its proprietary Thermal Battery in Siemens Energy’s projects as well as identifying and executing joint customer projects.
One further project under development – at Sloecentrale in the Netherlands – is aimed to use excessive renewable electricity to replace natural gas.
The Thermal Battery will be charged with low cost renewable energy and will discharge high quality and fully renewable steam directly to the plant upon demand, lowering its natural gas demand while increasing the plant flexibility.
EnergyNest says it has a proven track record of its technology with two other commercial projects underway, including a Thermal Battery for Italian energy company Eni, and repurposing waste heat into primary energy input for Austrian brick manufacturer Senftenbacher.
The Memorandum of Understanding sees the companies working towards a timeline of realizing first joint commercial projects within one year.
EnergyNest CEO Dr Christian Thiel said: "Our agreement with Siemens Energy is further validation of our market-ready solution for decarbonizing heat, and ability to reduce emissions in hard-to-abate sectors.
“Our customers are thinking about what it takes to be future proof, and COVID-19 doesn’t change that.”
"Energy storage is the key to a decarbonized world”, says Siemens Energy CEO for Large Rotating Equipment Jörn Schmücker.
"With Future of Storage and our cooperation with EnergyNest we are able to offer our customers exactly those solutions which help to sustainable decarbonize the industrial sector – with the strong advantage of improving the efficiency and the economics of their plants”.
