Electrified Thermal Solutions (Accelerator)

Company Description: Burning fossil fuels to generate heat and electricity on-demand produces an enormous amount of carbon emissions. Wind and solar are cleaner but intermittent and can only deliver electricity, not the 1700-2000°C needed for intense industrial processes and to run efficient compressed-gas turbines. A technology that converts intermittent electricity into constant high heat could transform the energy industry. Known options to store renewable electricity thermally—such as hydrogen, hot rocks, carbon blocks, or molten salts—are capital-intensive, not very efficient, or both. There is an urgent need for highly efficient, cost-effective options to produce carbon-free heat for steel and cement production and on-demand electricity for the grid. Electrified Thermal Solutions is developing an energy storage technology that stores renewable electricity as 2000°C heat. Based on novel, low-cost conductive ceramics, this easily deliverable, zero-carbon heat is the most efficient and cost-effective option to replace fossil fuels in industrial plants and turbine power plants. ETS’s technology, the Joule Hive, can store gigawatt-hours of excess renewable energy as 2000°C heat more efficiently and cheaply than competitive thermal storage technologies.