ENERGYNEST AS

ENERGYNEST delivers power-to-heat solutions combined with thermal energy storage that enable industrial companies to electrify their heat production at lower cost than natural gas. The company converts electricity into heat only when it is cheaper than gas, then stores the thermal energy for on-demand delivery, guaranteeing customers never pay more for heat than they do today. This approach reduces fuel costs by approximately 50 percent compared to gas while simultaneously cutting carbon dioxide emissions. The solution integrates seamlessly into existing production infrastructure, allowing companies to maintain their current boilers as backup systems while transitioning to cleaner energy sources.

The company's ThermalBattery technology operates at temperatures up to 390 degrees Celsius and pressures exceeding 100 bar, with thermal efficiency greater than 95 percent. The modular system scales from 3 megawatt hours to over 1,000 megawatt hours and arrives as standardized 20-foot ISO shipping containers requiring no moving parts and minimal maintenance. The company serves energy-intensive industries including cement, glass, chemicals, food and beverage, steel, utilities, and pulp and paper, with typical installations achieving 30 to 70 percent electrification of heat demand. ENERGYNEST delivers solutions either as Heat-as-a-Service with zero capital expenditure or as turnkey engineering, procurement and construction projects, working through a network of established industrial partners across multiple regions.