At the beginning of 2021, the energy storage company SaltX Technology began a collaboration with LuleKraft, Luleå Energi, and the metal research institute Swerim, to reduce CO2 emissions for the industrial sector in the region. A pre-study has been carried out, that clearly shows that SaltX energy storage can increase energy efficiency and lower climate impact for the steel industry.
The industry and energy actors in the region have decided to further investigate future energy demand and supply needs. As a consequence of this new direction, the planned pilot plant will be postponed. Instead, SaltX intensifies its work for the steel industry's green transition. Carl-Johan Linér, CEO of SaltX:
– SaltX cannot proceed with the planned installation of a pilot plant as the priorities have shifted towards green steel. But we are happy to continue working and deepening our collaboration with Swerim on this matter, where we see that our technical solutions and knowledge can contribute to this exciting and important initiative.
SaltX’s solutions for long- and short-term energy storage make it possible to utilize surplus energy from the steel manufacturing process and reduce global CO2 emissions. Swerim works intensively in this field and sees many future possibilities for this technology. Mikael Larsson, Business Area Manager at Swerim says:
– We are convinced that energy storage systems such as SaltX technology have an important role to play in making future steel production fossil-free. Energy storage also has the potential to be applied for energy optimization in many other heavy industries where we at Swerim are involved.
SaltX and Swerim are now focusing on a further study on energy storage for the steel industry in Sweden. The dialogue about Luleå City's future energy system with LuleKraft and Luleå Energi, will continue with the ambition of resuming the cooperation as the new conditions are clarified.
For more information, please contact:
Carl-Johan Linér, CEO, +46 70 532 08 08
Harald Bauer, CFO, +46 70 810 80 34
About SaltX Technology
SaltX Technology develops and sells patented energy storage solutions. SaltX works to develop and offer sustainable technology and solutions that benefit customers, the climate, and society. SaltX Technology's share is listed on the Nasdaq First North Premier Growth Market. FNCA Sweden AB, + 468-528 00 399, email@example.com is SaltX Technology's certified advisor. For more information, visit: www.saltxtechnology.com.
Swerim is a leading metal research institute that conducts industrial research and development around metals and their path from raw materials to finished products. The organization wants to strengthen the industry's competitiveness through increased product quality, higher resource efficiency, and more sustainable manufacturing processes. Its vision is a fossil-free and circular industry.