ENERGYNEST has developed a breakthrough ThermalBattery solution that enables a step-change in improved efficiency, flexibility, and environmental performance for the power and industrial manufacturing sectors. By storing energy in the form of heat rather than electricity, our technology unlocks a vast new market that has so far been largely overlooked. Energy-intensive industries and several types of thermal power plants emit large quantities of high-temperature heat. Recovered, stored and discharged upon demand; high-grade heat can be used to produce high-value energy in the form of electricity, process steam/heat, district heating and even cooling which would otherwise have to be produced from fuel combustion, hence reducing fuel consumption and CO2 emissions. The potential cumulative CO2 savings for these sectors is greater than 500 million tons between 2020-2040. Our solution offers strong business cases with IRRs in the range of 20–40% in a market estimated to be greater than 7 billion € per year in Europe.
The objective of this project is to demonstrate the ENERGYNEST ThermalBattery system at the Avery Dennison production plant in Turnhout, Belgium where excess solar thermal energy from a new CST plant of Azteq BV will be stored and used to supply thermal energy, which is used in the production, thus reducing fuel consumption (natural gas) and subsequent CO2 emissions within the plant. The total installation will provide heat equivalent to 2.3 GWh of gas consumption, reducing the plant’s greenhouse gas emissions by an average of 9 percent annually – compared to current rates. During summer months and high-sunshine periods, it will provide up to 100 percent of the factory’s heat demand.
The project also represents an important milestone in the commercial proliferation of the ThermalBattery technology and proves that CO2 reduction for industrial production can be achieved with current technologies. The demonstration system will familiarize our future customers with the ThermalBattery, establishing trust in its performance, benefits and our capabilities. The ThermalBattery innovation relies on a patented system design using a unique concrete-like storage medium. The project will activate a European supply chain, with steel fabrication in The Czech Republic/Romania, concrete fabrication in Germany, prefabrication of Thermal Battery Modules in the Netherlands, and local engineering services in Norway and Spain.
