On Tuesday, the energy storage company SaltX Technology (SALT: B), listed on Nasdaq First North Premier, presents a demonstration unit of large-scale energy storage based on SaltX world-patented nano-coated salt - EnerStore. The demonstration is done together with Vattenfall and other project partners. The unit, which is fitted and transported in a freight container, marks the start of SaltX global tour to market EnerStore in key markets.
Today, outside of SaltX headquarters in Stockholm the company will display the demonstration unit for partners, investors, press and other stakeholders. Stockholm is the first stop on the world tour where SaltX technology will be displayed in cities like Milan, Boston and Shanghai. The demonstration unit is a copy, but smaller scale, of the pilot plant that SaltX is installing together with Vattenfall in Berlin, Germany.
“Our solution for storing thermal energy in nano-coated salt, is the first in the world. With this demo unit, we will show potential customers how EnerStore can store surplus energy from example wind power and then use it as district heating. “- says Karl Bohman, CEO of SaltX.
The pilot plant at Vattenfall’s Reuter C works in Berlin has a storage capacity of 10 MWh and is charged with excess energy from wind power and is discharged as district heating when demand is highest in the morning or evening.
For further information, please contact:
Karl Bohman, CEO: tel: +46 70 560 02 68
EnerStore is an energy storage solution that stores electric power and releases heat and steam -providing cheap peak shifting of energy to cities and industries. The solution is based on nano-coated salt – a patented SaltX technology.
Renewable energy is replacing fossil fuels globally and therefore it is a growing demand for balancing, peak shifting and abortion technologies to supply renewable energy when needed. Today there are many different geographies that have an increased supply of renewable electricity and at the same time have a demand for heat and steam. In Europe for example, 50 percent of the energy consumed is for heating.
About SaltX Technology
SaltX Technology – www.saltxtechnology.com– develops and sells patented energy storage technology. Main customers are major global OEM partners and energy companies such as Alfa Laval, Vattenfall, Mobile Climate Control and Rheem. SaltX Technology’s share is listed on Nasdaq Stockholm First North Premier. SaltX Technology’s Certified Adviser is FNCA Sweden AB.
October 23, 2018