2011
Company inception by Prof. Pål Bergan
Who we are
Industrial heat is changing and economics decide how fast
Most industrial heat is still produced with natural gas. That exposes companies to volatile fuel prices, rising CO₂ costs and increasing regulatory pressure. Electrification is inevitable but only works if it makes economic and operational sense.
ENERGYNEST exists to make that transition viable. We develop power-to-heat and thermal storage systems that allow industrial companies to electrify process heat where it makes economic sense:delivering reliable heat, lower costs and reduced emissions under real market conditions.
Our story
ENERGYNEST was founded in 2011 by Professor Pål Bergan and Øivind Resch with a clear engineering ambition: to make high-temperature thermal energy storage industrially viable at scale.
What began as fundamental research into solid-state thermal storage has since evolved into a fully integrated power-to-heat and thermal storage system for industrial process heat. Early pilot projects and peer-reviewed validation laid the technical foundation. Today, ENERGYNEST focuses on one clear outcome: enabling industrial companies to electrify heat at lower cost than gas, without adding operational or financial risk.
Over the past decade, we have translated research into robust, modular infrastructure designed for real-world industrial environments. Our ThermalBattery™ technology, combined with power-to-heat systems, market optimization and flexible delivery models, is now being deployed in large-scale industrial applications across energy-intensive sectors.
ENERGYNEST works closely with established European suppliers, EPC partners and industrial customers to deliver reliable heat infrastructure that integrates seamlessly into existing plants. With systems in operation and further projects under development, we are supporting industry in turning electrification into a pragmatic, economically sound upgrade.
ENERGYNEST in numbers
7
Nationalities across a European industrial team
Multiple Sites
Power-to-heat systems in operation and under construction
30+ years
Designed lifetime of our thermal storage systems
€110m
Infrastructure investment by Infracapital (M&G Group)
The world is decarbonizing, and industrial heat is the next frontier. Everything we fry, dry, or apply requires massive amounts of heat —traditionally generated by burning gas. But that era is ending. ENERGYNEST empowers industries to break free from fossil fuels and take control of their energy future with thermal storage. Because true decarbonization isn’t just about switching to renewables: it’s about making them work when and where we need them.“
Alex Robertson
Chief Executive Officer
ENERGYNEST Key Milestones
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.
Built for industrial reality
ENERGYNEST develops and delivers industrial power-to-heat systems that are designed to perform under real operating conditions. Our focus is simple: making industrial heat cheaper than gas, while maintaining reliability, safety and long-term performance. We work with energy-intensive industries and infrastructure partners to deploy thermal storage systems that deliver measurable economic value and reduced emissions — without adding operational risk.
Smart grids connect generation, consumption, and storage – turning energy planning into a strategic discipline. Power-to-heat and thermal storage technologies show how industrial companies can combine flexibility with supply security.
Demand side management with thermal storage enables industrial companies to decouple electricity supply and heat demand over time. This makes it possible to take targeted advantage of price fluctuations without adjusting production.
Volatile power prices pose a challenge, but they also create opportunities for companies with flexible demand. Power-to-heat solutions combined with storage not only ensure a reliable heat supply but also offer economic benefits through targeted flexibility trading.