Who we are

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 ThermalBattery™ 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 ThermalBattery™, and is poised to push the energy transition of industry.

ENERGYNEST in numbers

7

Nationalities working across
the globe

1+2+1

1 project in operation, 2 projects under construction, plus a proven pilot

1

Joint mission to change
the world

110

mEUR investment by Infracapital (part of M&G Group) in 2021

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.”
Dr. Christian Thiel | CEO ENERGYNEST

Christian Thiel

Chief Executive Officer

ENERGYNEST Key Milestones

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

2011

2011

Company inception by Prof. Pål Bergan

2012

1st patent granted

2011

Unternehmensgründung durch Prof. Pål Bergan

2012

Erteilung des 1. Patents

2012

2012

1st patent granted

2013

Prototype successfully tested at DNV GL lab

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

2012

Erteilung des 1. Patents

2013

Prototyp erfolgreich im DNV GL-Labor getestet

1 MWhth Pilotbetrieb erfolgreich abgeschlossen (> 6.000 Stunden)

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

2013

Prototyp erfolgreich im DNV GL-Labor getestet

1 MWhth Pilotbetrieb erfolgreich abgeschlossen (> 6.000 Stunden)

2014

Baubeginn für Technologie-Pilotanlage in Masdar City, Abu Dhabi

2014

2014

Construction start of technology pilot at Masdar
City, Abu Dhabi

2015

Technology pilot operational & validated by 3rd
party

2014

Baubeginn für Technologie-Pilotanlage in Masdar City, Abu Dhabi

2015

Technologie-Pilotanlage in Betrieb & validiert durch unabhängige Instanz

2015

2015

Technology pilot operational & validated by 3rd
party

2016

First commercial revenues achieved

2015

Technologie-Pilotanlage in Betrieb & validiert durch unabhängige Instanz

2016

Erste kommerzielle Umsätze erzielt

2016

2016

First commercial revenues achieved

2017

Winner Nordic Cleantech Open 2017 and awarded
WWF Climate Solver 2017

2016

Erste kommerzielle Umsätze erzielt

2017

Gewinner der Nordic Cleantech Open 2017 und ausgezeichnet mit dem 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

2017

Gewinner der Nordic Cleantech Open 2017 und ausgezeichnet mit dem WWF Climate Solver 2017

2018

Auszeichnung mit dem EU-Siegel für Exzellenz. Kommerzielle Projekte mit europäischen Versorgernund Industrieunternehmen sowie US-Energieunternehmen

2018

2018

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

2019

First commercial order for industrial
ThermalBattery™ received from Eni

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

2018

Auszeichnung mit dem EU-Siegel für Exzellenz.
Kommerzielle Projekte mit europäischen Versorgern
und Industrieunternehmen sowie US-Energieunternehmen

2019

Ersten kommerziellen Auftrag für industrielle
ThermalBattery™ von Eni erhalten

Realisierung weiterer Projekte mit Yara,
Siemens Energy und anderen Unternehmen begonnen

2019

2019

First commercial order for industrial
ThermalBattery™ 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 ThermalBattery™ to be constructed
and incorporated into Yara International’s process
plant at Herøya Industripark AS, Norway

2019

Ersten kommerziellen Auftrag für industrielle
ThermalBattery™ von Eni erhalten

Realisierung weiterer Projekte mit Yara,
Siemens Energy und anderen Unternehmen begonnen

2020

Unterzeichnung einer Vereinbarung mit Yara Porsgrunn über den Bau der ersten dampfbasierten
ThermalBattery™ sowie die Integration in die Prozessanlage von Yara International im Herøya
Industripark AS, Norwegen

2020

2020

Signed agreement with Yara Porsgrunn for the first
steam-based ThermalBattery™ 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

2020

Unterzeichnung einer Vereinbarung mit Yara Porsgrunn über den Bau der ersten dampfbasierten
ThermalBattery™ sowie die Integration in die Prozessanlage von Yara International im Herøya
Industripark AS, Norwegen

2021

Investition von 110 Mio.
EUR durch den Infrastrukturfonds Infracapital erhalten

Auftrag von AveryDennison erhalten,
der gemeinsam mit Azteq ausgeführt werden soll

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

2021

Investition von 110 Mio.
EUR durch den Infrastrukturfonds Infracapital erhalten

Auftrag von AveryDennison erhalten,
der gemeinsam mit Azteq ausgeführt werden soll

2022

Endgültige Inbetriebnahme des ersten
kommerziellen Projekts mit YARA International

2022

2022

Final commissioning of first commercial project
with YARA international

2022

Endgültige Inbetriebnahme des ersten
kommerziellen Projekts mit YARA International

2011

2011

Fundación de la empresa por el Prof. Pål Bergan

2012

1ª patente concedida

2012

2012

1ª patente concedida

2013

Prototipo probado con éxito en el laboratorio DNV GL
Operación piloto de 1 MWhth concluida con éxito (> 6000 horas)

2013

2013

Prototipo probado con éxito en el laboratorio DNV GL
Operación piloto de 1 MWhth concluida con éxito (> 6000 horas)

2014

Inicio de la construcción del piloto tecnológico en Masdar City, Abu Dhabi

2014

2014

Inicio de la construcción del piloto tecnológico en Masdar City, Abu Dhabi

2015

Piloto tecnológico operativo y validado por un tercero

2015

2015

Piloto tecnológico operativo y validado por un tercero

2016

Primeros ingresos comerciales

2016

2016

Primeros ingresos comerciales

2017

Ganador Nordic Cleantech Open 2017 y galardonado
WWF Climate Solver 2017

2017

2017

Ganador Nordic Cleantech Open 2017 y galardonado
WWF Climate Solver 2017

2018

Galardonado con el Sello de Excelencia de la UE. Proyectos comerciales con empresas eléctricas e industriales europeas y estadounidenses

2018

2018

Galardonado con el Sello de Excelencia de la UE. Proyectos comerciales con empresas eléctricas e industriales europeas y estadounidenses

2019

Primer pedido comercial de ThermalBattery™ industrial recibido de Eni
Comenzada la ejecución de otros proyectos con Yara, Siemens Energy y otros

Who we are: Our team and leadership.

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.

Award-winning & hungry for more

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

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

Latest News

Declining sales, the after-effects of the coronavirus pandemic and fluctuating energy prices are making it increasingly difficult for the beverage industry to produce competitively. Innovative solutions such as energy storage systems are helping to ensure long-term profitability.

The Norwegian company is in negotiations with major local industrial operators to install their thermal storage systems in their production centers.

In this interview, Dr. Høivik, VP Technology & Research at ENERGYNEST, explains how thermal energy storage systems work and what makes them so attractive in industrial practice.