Exergy3 builds electrified thermal energy storage that absorbs surplus renewable electricity and releases it as high-grade industrial heat on demand. It replaces gas-fired process heat in manufacturing. Customers are industrial heat users such as food, chemicals and materials producers.
By converting renewable electricity from the grid into thermal energy, we supply high temperature, low carbon heat to power industrial processes.
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Funding history
Seed - €11,500,000
Equity - €11,400,000
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