Develops cost-effective thermal energy storage systems that capture and store heat for industrial process steam and flexible power plants. This technology reduces energy waste and operational costs by enabling on-demand access to stored thermal energy, improving efficiency in energy-intensive industries.
Funding
$140K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many industrial processes and flexible power plants waste significant amounts of thermal energy, leading to increased operational costs and environmental impact. Existing energy storage solutions are often not cost-effective, hindering the efficient use of heat for process steam and other applications.
Solution
Element 16 provides cost-effective thermal energy storage systems that capture and store heat, enabling on-demand access to thermal energy for industrial process steam and flexible power plants. Their thermal battery technology allows companies to reduce energy waste and operational costs by making every BTU count. The system stores heat when it is available and releases it when needed, improving overall energy efficiency.
Target Audience
The primary customers are energy-intensive industries and flexible power plants seeking to reduce energy waste and operational costs.
Features
- Thermal energy storage for industrial process steam
- Heat capture and storage technology
- On-demand access to stored thermal energy
- Cost-effective energy storage solution