Newton Energy Solutions provides the NEStore®, an innovative thermal energy storage system that converts surplus renewable electricity into heat. This compact heat battery uses vacuum-insulated technology to store thermal energy in process water for weeks with minimal loss. The system helps mitigate grid congestion while offering users predictable, low energy bills and high-capacity hot water supply.
Funding
$2.9M 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
Fluctuations in renewable energy sources like solar power create challenges in matching energy supply with demand, leading to grid instability and inefficient use of clean energy. Traditional energy storage solutions, such as electrical batteries, can be expensive and have limited lifespans.
Solution
Newton Energy Solutions offers the NEStore®, a thermal energy storage system that converts electricity from solar panels or other sources into heat, storing it in a vacuum-insulated tank filled with process water. This patented technology maintains the water at high temperatures for weeks with minimal heat loss, enabling efficient use of renewable energy for heating and hot water needs. The NEStore® helps to reduce reliance on the electrical grid, lowers energy bills, and supports a more sustainable energy future by maximizing self-consumption of renewable energy. The system is designed for easy installation and remote monitoring, ensuring reliable and long-lasting performance.
Target Audience
The primary customers include homeowners, businesses, agricultural facilities, sports facilities, and campsites looking to maximize their use of renewable energy, reduce energy costs, and enhance energy independence.
Features
- Patented vacuum insulation technology minimizes heat loss, maintaining high water temperatures for extended periods
- Modular design allows for scalable energy storage capacity to meet varying demands
- Compatible with solar panels, wind turbines, and other renewable energy sources
- Smart control system optimizes energy storage and release based on user needs and grid conditions
- Remote monitoring and diagnostics ensure system performance and reliability
- Constructed from recyclable materials, promoting environmental sustainability
- High storage capacity, with the E30 model storing up to 30 kWh of thermal energy
- Operates at temperatures up to 110°C for efficient heat transfer and storage