Who we are

Energy storage is at the heart of the energy transition – powering the move to a renewable future for global industry and ending fossil fuel dependency.

 

At ENERGYNEST, our purpose is to make pioneering green solutions accessible to industry, giving clients the power to evolve towards profitable sustainability.

Energynest executives in front of Thermal Battery

Our story

Founded in 2011 by Professor Pål Bergan and Øivind Resch, ENERGYNEST has since developed the innovative, future-facing ThermalBatteryTM technology to convert waste heat into renewable energy.

 

Having successfully completed a prominent and
externally-validated pilot project in Masdar City (Abu Dhabi) in cooperation with the Masdar Institute of Science & Technology, we have proven our technology and the edge it can bring.

 

Partnerships with top tier suppliers, development partners, internationally renowned engineering, procurement and construction (EPC) companies, as well as R&D institutes, are all vital contributors to our position as an energy storage leader in power generation and across energy-intensive industries.

 

Today, ENERGYNEST is successfully launching several large-scale industrial integrations of Nests powered by ThermalBatteryTM, and is poised to push the energy transition of industry.

ENERGYNEST in numbers

9

Nationalities working across
the globe

3+1

Projects currently under construction, plus a proven pilot

1

Joint mission to change
the world

110

mEUR investment to enable international growth and full-scale commercialization

Wasted energy is costing industry and the earth

”If you ask a random person on the street today what we need to do to transition to renewable energy, achieve net-zero and become carbonneutral, they might suggest eating less meat or flying less. While these actions matter at an individual level, the simple truth is that net-zero will remain a dream if we do not address industrial heat. Even after 8 years in the company, whatever I do from Monday to Friday doesn’t really feel like work. It’s like a mission. Something to fight for every day.”

  Christian Thiel

Chief Executive Officer

ENERGYNEST Key Milestones

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022

2011

2011

Company inception by Prof. Pål Bergan

2012

1st patent granted

2012

2012

1st patent granted

2013

Prototype successfully tested at DNV GL lab

1 MWhth pilot operation successfully concluded (> 6,000 hours)

2013

2013

Prototype successfully tested at DNV GL lab

1 MWhth pilot operation successfully concluded (> 6,000 hours)

2014

Construction start of technology pilot at Masdar
City, Abu Dhabi

2014

2014

Construction start of technology pilot at Masdar
City, Abu Dhabi

2015

Technology pilot operational & validated by 3rd
party

2015

2015

Technology pilot operational & validated by 3rd
party

2016

First commercial revenues achieved

2016

2016

First commercial revenues achieved

2017

Winner Nordic Cleantech Open 2017 and awarded
WWF Climate Solver 2017

2017

2017

Winner Nordic Cleantech Open 2017 and awarded
WWF Climate Solver 2017

2018

Awarded EU Seal of Excellence. Commercial
projects with European utilities and industrials and
US power companies

2018

2018

Awarded EU Seal of Excellence. Commercial
projects with European utilities and industrials and
US power companies

2019

First commercial order for industrial
ThermalBatteryTM received from Eni

Started execution of further projects with Yara,
Siemens Energy and others

2019

2019

First commercial order for industrial
ThermalBatteryTM received from Eni

Started execution of further projects with Yara,
Siemens Energy and others

2020

Signed agreement with Yara Porsgrunn for the first
steam-based ThermalBatteryTM to be constructed
and incorporated into Yara International’s process
plant at Herøya Industripark AS, Norway

2020

2020

Signed agreement with Yara Porsgrunn for the first
steam-based ThermalBatteryTM to be constructed
and incorporated into Yara International’s process
plant at Herøya Industripark AS, Norway

2021

110 mEUR investment secured from Infracapital
infrastructure fund

Received commercial order with AveryDennison
to be executed together with Azteq

2021

2021

110 mEUR investment secured from Infracapital
infrastructure fund

Received commercial order with AveryDennison
to be executed together with Azteq

2022

Final commissioning of first commercial project
with YARA international

2022

2022

Final commissioning of first commercial project
with YARA international

Who we are: Our team and leadership.

All united for one purpose

At ENERGYNEST we combine an entrepreneurial mindset with collaborative green engineering
expertise, to offer innovative industrial solutions for
a renewable future.

 

We dare to lead, think flexibly and take action for sustainability – every single day.

Lead by action

Get to know our dynamic, future-facing leadership team.

Award-winning & hungry for more

We are an award-winning company with big ambitions. We aim to generate environmental and economic benefits with ThermalBatteryTM for our customers in the power sector, as well as energyintensive industries.

logo-nordic-cleantech-open
logo-nordic-cleantech-open

Latest News

The Long Duration Energy Storage Council (LDES), ENERGYNEST and Kyoto Group will co-host the event: "Heat: the forgotten word in renewable energy" at Arendalsuka on August 17 at 08:30 at the fully electrical boat Brim Explorer. The event will also be held virtually.

EnergyNest in latest edition of FuturENERGY

Industrial heat decarbonisation is a Cinderella challenge: it has been severely neglected so far and urgently needs addressing. Fortunately, there is a growing array of options to solve the problem.