THERMAL BATTERIES KNOCK AT DOOR OF COMMERCIAL VIABILITY
August 1st, 2021
Last July (2020), Infracapital, the infrastructure team at UK-based investment managers M&G plc, invested EUR 110 million (USD130 million) in EnergyNest, a small Norwegian company that has developed a novel thermal battery technology. Its ThermalBattery (a trademark) batteries, consisting of a concrete-like storage material made from abundant, recyclable and non-hazardous geomaterials, store excess industrial heat until needed, enabling the transfer of industrial waste heat into electricity and renewable power in industrial heat processes. The financing ...
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