We are excited to invite you to the upcoming Net-Zero Heat webinar on the future of thermal flexibility for energy system decarbonization. There will be two sessions held on the 4th of May, 9:00-10:30 CET (APAC/EMEA-friendly) and 17:00-18:30 (Americas/EMEA-friendly). The webinar will highlight the applicability of thermal storage technologies for heat decarbonization, focusing on applications for industry and buildings. This webinar will be hosted by members of the Long Duration Energy Storage (LDES) Council with McKinsey & Company as knowledge partner of the Council, providing insights.
Launched at COP26, the LDES Council is a CEO-led organization that strives to provide fact-based guidance to governments and industry, drawing from the experience of its members, which include leading energy companies, technology providers, investors, and end-users.
Council members will share insights from their inaugural Net-Zero Heat report, where the challenges of heat decarbonization and opportunities for thermal flexibility and storage across industrial and buildings applications will be explored. Key findings of the report will be shared, followed by a live plenary panel discussion with representative Council members and thermal storage experts. The panel will also take questions from the audience.
The report is the result of months of research and collaboration of Council members and highlights the critical role of thermal flexibility in aligning supply and demand as global energy systems decarbonize. Early modeling insights show that system-wide thermal flexibility could result in the need for ~30% less heat generation capacity and ~15% less power generation capacity. The full Net-Zero Heat report will be available for COP27 on the LDES Council website.
Please register in advance by clicking the link below:
APAC/EMEA-friendly session (9:00AM-10:30AM CET): https://mckinsey.zoom.us/webinar/register/WN_2B0XlPhYTKCso8k6LmOlmw
Americas/EMEA-friendly session (5:00PM-6:30PM CET): https://mckinsey.zoom.us/webinar/register/WN_ZJkB7VJYS-q6wlGmjEtUsw
EnergyNest will be part of the chemical summit in April, where Dr. Magnus Mörtberg will be talking on „power the industrial transition through energy recycling“ on April 8.
More information and registration to the event can be found here: https://live.handelsblatt.com/event/jahrestagung-chemie/programm/
The Long Duration Energy Storage (LDES) Council, a global CEO-led organization focused on replacing the use of fossil fuels to meet peak demand with zero-carbon long duration energy storage, today welcomes an additional eleven new members. The organization now has a total of 47 diverse companies in regions across the world representing the full spectrum of the energy transition – including technology innovators, equipment providers, renewable energy companies, utilities, investors, and end-users.
Joining the LDES Council are six new anchor members: Compass Datacenters, INNIO, Quinbrook Infrastructure Partners, Reliance, Shell, and The Voith Group; as well as five technology members: Breeze, Brenmiller Energy, EnergyNest, Invinity Energy Systems, and SaltX Technology.
The addition of these new members builds upon the strong momentum the LDES Council has gained since launching in November 2021 at COP26 in Glasgow. The diverse perspectives and broad range of experience offered by the new LDES Council members will add tremendous value as the organization works to support governments, grid operators and major electricity users in the global adoption of cost-effective long duration energy storage to replace the use of fossil fuels.
In 2022, the LDES Council is prioritizing research into a number of decarbonization topics, led by Working Groups formed from member company representation. EnergyNest will focus on the following working group:
Net-zero heat: Heat decarbonization is poorly understood and underrepresented in global efforts despite constituting nearly half of global energy consumption. A comprehensive fact-base on net-zero heat along with a standardized perspective on heat decarbonization pathways and cost benchmarking will help illustrate the market potential of thermal LDES technologies, and improve optimization of energy systems overall through coupling of power, heat, and hydrogen.
Christian Thiel on EnergyNest joining the LDES Council: “For EnergyNest, it is all about making a true energy transition come to life and enable a world powered by renewables with reliable thermal energy storage. We are very happy to see an increasing focus and pace on heat and its importance for decarbonization, also now with the Net Zero Heating initiative driven by LDES. Industrial energy consumption with industrial heat as the main driver accounts for about one third of global energy consumption. The willingness to decarbonize and act will determine how fast we can make a change, and realize carbon reduction and efficiency gains. The LDES Council brings together innovative companies and smart people, who are all about constantly pushing the boundaries by developing new, sustainable and green technologies. We are proud to become part of this initiative and put industrial heat on the agenda of industry and governments.”
Please find the full press release from LDES Council and more information on LDES in general here: https://www.ldescouncil.com/news/long-duration-energy-storage-council-welcomes-eleven-new-members-demonstrating-continued-diverse-interest-in-using-ldes-technologies-to-enable-a-secure-low-carbon-energy-future/
Organized by the German Association for Concentrated Solar Power (DCSP) and the German Energy Storage Systems Association (BVES) as an official side event to the Berlin Energy Transition Dialogue, Dr. Magnus Mörtberg will be part of the webinar “Enabling Energy Transition with Thermal Technologies”.
Magnus will be speaking on Supporting Decarbonisation at Yara with balancing their steam grids using thermal storage as part of Session 1 – Enabling Heat Transition for the Industry Heat Supply & Flexibility Options with Thermal Technologies from 2.00 pm – 3.30 pm CET. The event is held online.
Please find all information on the webinar, the programme and registration here: https://www.bves.de/bves-dcsp-event-enabling-energy-transition-thermal-technologies/
Thermal technologies like concentrated solar power and thermal energy storage systems are key for the decarbonisation of the heat and power sector. Thermal technologies like concentrated solar power and thermal energy storage are key for decarbonizing energy systems. They enable the reliable provision of green heat, contribute to increasing energy efficiency and provide flexibility for both the heat and power sectors.
McKinsey & Company invites to the COP26 Energy Transition follow-up CxO panel event “Technology Unlocks in the Energy Transition” on March 9, during CERAWeek in Houston or virtually via live broadcast. At COP26, they hosted an event on ‘Managing in the Energy Transition’, where technology, commercial, policy and the financing unlocks needed to meet net-zero were discussed. This is part of a series to explore these themes and convene decision-makers to continue the dialogue.
During this upcoming panel session, EnergyNest CEO Christian Thiel will be part of a panel and roundtable. The session will focus on the discussion of the technological breakthroughs required to accelerate the implementation and adoption of CCUS, DAC, LDES and Electrolysis.
More details on the event and registration can be found here: https://www.mckinsey.com/business-functions/sustainability/our-insights/energy-transition-ceo-panel
CEO Christian Thiel will be part of a panel on Feb 24 at 10.45 GMT at International Energy Week 2022 in London: „Mission possible: how can energy providers and sectoral users transform the sustainable energy system at pace? Decarbonizing the hard-to-abate parts of the energy system: how can companies and governments make the most from industry and transport transformation?“
The panel is comprised of a high-profile range of companies and speakers, with Louise Kingham CBE FEI from bp, Morten Bo Christiansen from A.P. Moller – Maersk, Michele Fiorentino from Baker Hughes, Anthony Hobley from Mission Possible Partnership, Bjørn Otto Sverdrup from OGCI (Oil and Gas Climate Initiative), moderated by Chantal Beck from McKinsey & Company.
More details on the event and registration can be found here: https://www.ieweek.co.uk/
(Oslo/Hamburg/London, 13 July 2021)
EnergyNest, the global market leader in thermal batteries, today announces it has closed the €110 million transaction with Infracapital, the infrastructure equity investment arm of the FTSE 100 listed M&G plc.
With the investment into EnergyNest finalised, the company will embark on its ambitious international growth path. Part of this growth path is to roll out an offering of fully financed, turnkey ThermalBattery™ solutions for its customers.
Christian Thiel, EnergyNest CEO, said:
“This is a huge milestone for us at EnergyNest. We are raring to go: our technology is proven, recognised and ready to save millions of tonnes of CO2.”
Andy Matthews, Head of Greenfield at Infracapital, said:
“We are delighted to start work with EnergyNest and to be involved in the future growth of such an exciting company. EnergyNest’s thermal storage technology will play a vital role in achieving carbon reduction targets and we see real value for our investors.”
With all eyes on net zero, EnergyNest’s technology can go a long way in reducing emissions and tackling underutilization of energy in hard to abate industrial sectors. By electrifying and flexibilizing process heat, EnergyNest increases energy efficiency of industrial manufacturers and enables them to switch to renewables while maintaining stable and efficient production of their products.
NOTES TO EDITORS
Decarbonising industrial processes which generate excess heat remains one of the major challenges in the global fight against climate change. The electrification of industrial heat is emerging as a significant decarbonization opportunity. EnergyNest has developed and implemented a cost-effective technology that allows either the use of industrial waste heat as primary energy or the use of renewable power in industrial heat processes – a market that is estimated to be worth around EUR 300 billion by 2030.
EnergyNest has a proven track record and has several commercial projects in the pipeline, including a ThermalBattery™ for a solar energy plant of Italian energy company Eni, and a “steam-on-demand” project with Norwegian chemical company Yara.
EnergyNest was advised in this transaction by Augusta & Co, led by Charlie Hodges.
Media contacts:
U.K.
Inez Vilar, Brunswick Group – ivilar@brunswickgroup.com / +44 782 352 7145
GERMANY
Tobias Niehaus, Brunswick Group – tniehaus@brunswickgroup.com / +49 174 1952 439
About EnergyNest:
EnergyNest is a Norwegian technology company founded in 2011. The company has developed a highly flexible Thermal Batteries, which enable customers along the entire energy system to maximize the value of their energy. It is the first company that developed Thermal Batteries on a market-ready level. EnergyNest has already several commercial projects under development with the first one to be finalised in the first half of 2021. EnergyNest’s technological solutions have been recently recognised with the following awards: Mission Innovation TOP 100 Global Innovations; Nordic Cleantech winner; Horizon2020 SME-I Award; WWF Climate Solver Award.
www.energy-nest.com
About Infracapital:
Infracapital invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-term economic growth. We take an active role in all of our investments, whether nascent or large, to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for our investors, as we target investments with the scope for stable and sustainable growth. Our portfolio companies work closely with the communities where they are based, to the benefit of all stakeholders. Infracapital is well positioned to deliver the significant investment required to help build the future. The founder-led team of experienced specialists has worked with more than 50 companies around Europe and has raised and manages over £6.5 billion of client capital across six funds.
Infracapital is part of M&G Plc, a leading European savings and investments business. M&G manages the long-term savings of more than 5 million people and is a major investor in the UK and in the global economy. Total assets under management and administration are £367 billion (as at 31 December 2020).