Kyoto Launches Second Generation Heatcube Thermal Battery

Kyoto Group hosts its Capital Markets Day 2022, presenting the company's technology, strategy, commercial initiatives and medium-term targets.

Kyoto also launches the second generation of the company’s Heatcube thermal battery.

“The main message from Kyoto today is that we are now on the doorstep of market breakthrough with an innovative application of a proven technology,” says Camilla Nilsson, CEO of Kyoto Group.

“We are proud to launch Heatcube 2.0, our modular thermal battery now designed for serial production, to match the various demand profiles from industrial customers. This enables us to serve the EUR 1 trillion market for electrification of industrial process heat. We are also starting to report on our pipeline, which has grown to more than 1800 MWh of storage capacity over just the last couple of months, fueled by the geopolitical situation,” Nilsson adds.

Kyoto’s technological and commercial progress targets the market for industrial process heat, which accounts for two-thirds of total industrial energy consumption.

As previously announced by Kyoto, Aurora Energy Research has identified the serviceable addressable market for Kyoto’s Heatcube to be 11 200 TWh of annual demand for process heat in the temperature range ideal for the Heatcube. Traditionally, nearly all of this is based on fossil fuels.

As intermittent solar and wind become an ever-larger part of the energy mix, the value of intra-day buffering rises, and this is the market that Kyoto addresses.

The Heatcube is based on molten salt heat storage. This technology has been used for decades in concentrated solar power plants, which are common in Spain, where Kyoto has a technology center and a major part of the growing commercial pipeline.