The cost of renewable energy is dropping every year, and this year we saw record low cost Photovoltaic (PV) projects such as the 800 MW project in Dubai offered at 2.99 US$ cents/kWh.
Startup. One of the buzzwords you read everywhere in the social media and the newspapers. Driven by technology advancements it’s probably as easy as ever to found a new company.
Industrial operations require significant energy, with large amounts of this energy disappearing as as waste heat after use. EnergyNest’s thermal energy storage ensures that this widely untapped energy reserve can be converted effectively.
Masdar Institute of Science & Technology and EnergyNest AS initiated a comprehensive joint research project in 2013 for the building and testing a 2 x 500 kWhth EnergyNest-type Thermal Energy Storage (TES) pilot.