The novel heat battery can discharge completely and feed the energy in the form of steam directly into customers' industrial plants, if and when required. The use of stored heat reduces the demand for fossil generated heat, lowering fuel costs while increasing the operational flexibility of the manufacturing process.
Energy storage systems compensate for the fluctuating feed-in of renewable energies and stabilize the grids. Under the ‘Future of Storage’ umbrella, Siemens and the Norwegian startup plan to form a global team of exports that cover all aspects of energy storage technologies, from batteries to thermal and thermo-mechanical energy storage systems.
"Energy storage is the key to a decarbonized world," says Jörn Schmücker, CEO Large Rotating Equipment at Siemens Energy and sponsor of the initiative. "With Future of Storage and our partner ecosystem, we will be able to offer our customers exactly the solutions that fit their needs - with the advantage of improving the efficiency and thus the profitability of their plants.“
The JV partners want access a broad portfolio of storage technologies. “We need to have the necessary expertise and develop suitable business models to offer every customer the optimal energy storage solution that best suits their needs,” Anette Ossege-Schaffrath, who heads the team at Siemens Energy, said, adding ‘Future of Storage’ will create a “prerequisite for achieving these goals."