Epyr
Epyr provides modular thermal energy storage units that convert surplus renewable electricity into on-demand, high-temperature heat for industrial processes. The plug-and-play systems use firebrick storage to deliver zero-emission heat at costs competitive with fossil fuels while helping stabilize electricity grids. The company's units were designed, built, and commissioned in under six months for its first customer project.
- Clean Technology
- Energy
- Hardware
- Artificial Intelligence
Funding
Raised to date
€18MRaised 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.
Est. $19.6Macross 2 rounds
WV- Pre-Seed €3M
- Series A €15M
Founders
Product
Problem
Industrial heat production, which accounts for a significant portion of global energy consumption, heavily relies on fossil fuels, contributing to carbon emissions and hindering decarbonization efforts. The increasing volatility and grid instability caused by the expansion of intermittent renewable energy sources like wind and solar further exacerbate the challenge of ensuring a reliable and cost-effective energy supply for industrial processes.
Solution
EPYR provides thermal energy storage (TES) solutions that enable industries to transition from fossil fuel-based heating to clean, on-demand thermal energy by converting low-cost renewable electricity into high-temperature heat. The TES system charges during periods of abundant renewable energy and low power prices, storing the energy as heat in firebricks for hours with minimal loss. This stored heat is then delivered as flexible, on-demand high-temperature heat to industrial facilities. EPYR's solution comes in the form of a compact, modular container unit, designed for easy installation and seamless integration into existing industrial operations. By utilizing surplus renewable energy, EPYR's TES helps balance the grid while providing a cost-effective and zero-emission alternative to traditional fossil fuel systems.
Target Audience
EPYR's primary customers are industrial facilities seeking to decarbonize their heat production processes, reduce energy costs, and improve the reliability and sustainability of their energy supply.
Features
- Modular, plug-and-play thermal energy storage units for easy installation and scalability
- Utilizes firebricks for efficient and durable heat storage with minimal loss over hours
- Converts low-cost renewable electricity into high-temperature heat on demand through resistive heating
- Provides operational redundancy for higher efficiency and adaptability to diverse industrial needs
- Designs units for seamless integration with existing industrial operations with minimal disruption
- Backed by AI heat optimization software to enhance efficiency and scalability
- Delivers zero-emission heat powered by solar and wind, competitive with fossil fuel system costs
- Contributes to grid stabilization by consuming surplus renewable energy during low-price periods