EnergyNest is honoured to have received funding from the European Union’s Horizon2020 Research and Innovation program under grant agreement number 744940 in October 2016.
This confirms our position in Europe as we are regarded by the commission as a highly innovative company with a technology relevant for the high-growth market of energy efficient solutions. As one of the 189 of 1986 proposal selected for funding, our project is focused towards reducing carbon footprint by thermal energy storage. The objective of the project is to identify a partner for demonstrating our thermal energy storage technology by capturing waste heat from industrial installations, surplus or curtailed wind energy and return it as either heat/process steam, electricity or a combination of both. The feasibility study commences in November 2016 and will be finalized by April 2017.