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Circular thermal energy storage system for peak shifting
01.
Identification
Huge advances have been made in renewable energy production, but barriers remain to store this energy for later use. SaltX's EnerStore Solution seeks to address this issue by delivering a scientifically-proven, low cost underlying technology for energy storage and high-quality steam production. The patented Solution provides a nano-coated salt (NCS) and oxide technology that is perfect for energy storage applications. Charge it with electricity or heat when available, and release high-quality steam at up to 450°C. To store the energy, the salt crystals are heated up with electricity or heat. When discharging the salt, steam is released that serves for many applications. The model system has four key components – two storage tanks and two reactors. The reactor size is flexible and can be custom fitted to the capacity required. The storage tanks are scalable and simple to install. By using this innovative process, this Solution offers a sustainable, efficient and affordable option for energy storage.
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Label Date
April 7, 2021
From
Sweden
Maturity stage
Prototype testing in the real world
Looking For
Network, New clients, Visibility, Funding, Partners, Credibility
02.
The environmental benefits
- •The thermo-chemical technology makes it possible to store energy from 1 hour to 6 months
- •The energy density in SaltX EnerStore is 500-600kWh/tonne, significantly higher than water, concrete and other storage materials
- •Achieves high temperatures for steam and electricity generation (550-800C) with low emissions
- •The matter used in SaltX EnerStore is 100% natural, environmental friendly and fully recyclable
- •SaltX EnerStore enables an energy system to get 100% of needs from renewable energy by providing an effective storage option
03.
The Financial benefits
- •Potential for electricity price arbitrage of several cents (€) per kWh stored, depending on geographic market
- •Around 3-5 years payback time for end customers
- •When commercialised, would cost in the range €35/MWh, lower than the average molten salt energy storage system
04.
Activity Region
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Asia
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05.
Company Profile
SaltX Technology
Solving the future of energy storage with nano-technology. SaltX Energy Storage is a sustainable, all-natural thermo-chemical storage solution based on salt.
View company profile Solution website
Headquarters
129 44 Hägersten, Sweden
06.
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator SaltX Technology has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.