Currently, the energy storage market is experiencing growth due to increasing concerns regarding energy transition and supply, as well as industry decarbonization. These factors make the market a significant future pillar for energy demand flexibility, reflected in the substantial global investments in it, exceeding 337 billion U.S. dollars (Statista).
Particularly, thermal energy storage holds great appeal and potential, as recent news reports substantial investments. In August alone, several companies managed to raise approximately 80 million dollars from major corporations such as Microsoft, Aramco, Rio Tinto, Energy Impact Partners, SABIC, and Shell Ventures.
Present events demonstrate the interest of large corporations in the growing thermal energy storage market, with a focus on solid-state Thermal Energy Storage (TES) systems, encouraging research and development in this field.
Various reasons include reducing demand peaks by releasing energy during these peaks, utilizing surplus energy for storage, or serving as a key component toward a 100% renewable industry.
Another noteworthy and innovative solution in the market is solidTES. In its third generation, with Monolit-e and Megalit-e systems, solidTES implements the electrification of industrial heat within its charging configuration, alongside heat sources such as solar thermal energy, hydrogen, renewable gases, or biomass. In this way, solidTES enables the smart management of a renewable energy mix, adapting to specific needs in industrial processes. This solution aligns with the perspective of companies mentioned earlier, with a favorable estimated value in the billions of dollars.
In conclusion, thermal energy storage is not only gaining strength as an alternative to advancing the energy independence of nations and industrial sectors but also presents an attractive opportunity for investors interested in sustainable and clean technologies.