According to bank documents, the project consists of the financing of a production plant for the commercial roll-out of innovative, cost-competitive large-scale, long-duration thermal energy storage units suitable for different market applications and segments.
The aim of the operation is to co-finance under the InnovFin Energy Demonstration Projects ("EDP") the design, construction and operation of a manufacturing plant to produce and commercialise innovative thermal storage systems across Europe, North America and Africa. The Company plans the rollout of efficient and flexible clean energy storage modules. Its final purpose is to allow the stabilisation of the renewable energy production by adding flexibility to existing plants, eliminating the need for polluting back up conventional plants and lowering electricity prices and emissions.
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*Contact information not provided at the time of disclosure*
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