Project News
Electrified Thermal Solutions secures USD 19M in funding
Electrified Thermal Solutions , an electric heating and thermal energy storage solutions provider , raised USD 19M to accelerate the commercialization of its Joule Hive Thermal Battery ( JHTB ) system .
The round was backed by Holcim MAQER Ventures , Vale Ventures , TechEnergy Ventures , EDP Ventures , and Tupras Ventures alongside financial investor GVP Climate and follow-on investors Clean Energy Ventures and Starlight
Ventures , with participation from Mass Ventures and Clean Energy Venture Group . The company claims to offer a different solution compared to current thermal battery solutions that are stated to use bricks or rocks to store heat but depend on traditional heating elements ( such as toaster wire ) to generate and transfer heat to the storage media . Electrified Thermal Solutions , through their JHTB system , utilize bricks that serve a triple function : as the heating element , thermal storage media , and heat exchanger . By stacking these electric bricks alongside traditional firebricks in a specific pattern , the company claims to create three-dimensional heated circuits . The commercial demonstration is expected to be operational by 2025 , while JHTB will be commercialized by 2026 .
PCC Group plans to build Chlor-Alkali facility
The Chemours Company ( Chemours ) ( CC ) has announced that the PCC Group ( PCC ) plans to build and operate a chlor-alkali facility on the grounds of Chemours ’ titanium dioxide ( TiO 2
) plant in DeLisle , Mississippi ( USA ) and that PCC and Chemours have entered into a chlorine supply agreement which is subject to certain customary conditions precedent . The new facility will utilize stateof-the-art technology to maximize energy efficiency and provide up to an annual nameplate capacity of 340,000 metric tons once the plant is operational . The co-product , caustic soda , will be sold by PCC to strategic partners and on the open market . Construction is expected to begin in early 2026 with the plant being operational in 2028 . The project will create full-time opportunities for skilled personnel with PCC , and up to 1,200 temporary construction jobs .
EU allocates over EUR 67M to cross-border renewable energy projects
The European Climate , Infrastructure and Environment Executive Agency ( CINEA ) has signed grant agreements under the Connecting Europe Facility ( CEF ) for Energy , committing over EUR 67M to two cross-border renewable energy ( CB RES ) projects . Announced on 26 November , this funding supports innovative initiatives aimed at enhancing collaboration among EU member states to accelerate the clean energy transition . Among the selected projects is United Heat , part of the Goerlitz- Zgorzelec initiative spanning Poland and Germany . This project includes both a works action and a study action : The work ’ s action involves constructing a 25 MW biomass |
heating plant in Poland and a district heating pipeline in Germany , connecting the Königshufen heating area to Görlitz ’ s wastewater treatment plant . This pipeline will integrate waste heat from a sewage gas CHP plant and prepare for additional gas storage capacity by 2027 . The study action focuses on developing a hydraulic model of the system , creating basic design plans , estimating costs , and obtaining construction permits . It also aims to establish a supply agreement between district heating network operators in both countries . The United Heat initiative highlights the EU ’ s commitment to fostering cross-border cooperation to |
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improve district heating networks . By integrating renewable energy sources and waste heat recovery , these projects are key to decarbonising urban heating systems , supporting the EU ’ s |
climate and energy goals . CB RES projects , including United Heat , align with the European Green Deal by advancing sustainable and interconnected energy solutions across Europe . |
Kyotherm secures EUR 17M in long-term senior debt financing
Kyotherm , a financing company specializing in the development of low carbon heat and energy efficiency projects has announced the successful conclusion of a EUR 17M loan from Crédit Agricole Transitions & Énergies . This funding will finance a portfolio of 25 energy efficiency projects distributed across Europe and the United States . The portfolio includes ambitious decarbonization programs for major industrial groups ( automotive , agrifood , metallurgy ) as well as key players in the retail sector . Once implemented , these projects will save 57 GWh of electricity and 10 GWh of gas annually , while avoiding the emission of 9,500 tons of CO 2 per year . They represent a significant step forward in the energy transition for large industries , leveraging proven technological solutions . The financed projects include a broad range of technologies such as waste heat recovery , LED relamping , variable speed drive integration , thermal insulation , and the installation of sensors and energy consumption management systems . Kyotherm retains ownership of the installations and oversees their operation and maintenance , using the International Performance Measurement and Verification Protocol ( IPMVP ) to assess energy savings . Most of these projects are based on the Energy Savings-as-a-Service ( EaaS ) model , allowing Kyotherm ’ s clients to benefit from energy savings without directly bearing the investment costs . Through energy performance contracts averaging ten years , clients can offload these investments from their balance sheets , promoting their transition to more sustainable solutions while enabling them to focus on their core business .
58 Heat Exchanger World February 2025 www . heat-exchanger-world . com