EnergyNest, a cost-efficient energy storage business based out of Norway, has launched an equity crowdfunding on Invesdor to raise 5,000,0000kr as it prepares for expansion. The company notably uses an energy storage system that has material known as HEATCRETE. This material was developed in cooperation with HeidelbergCement and has been optimized for heat capital, heat conductivity, and mechanical strength. It as revealed:
“Founder and CTO of EnergyNest, Pål G. Bergan, had for a long time been conscious of this issue during his career as an engineer, research director, professor and industrial innovator. He wanted to find a solution that would be low-cost, technically simple and possible to implement anywhere and to all applications. Since 2011, EnergyNest has developed a unique thermal energy storage technology with superior advantages over the current solutions. In collaboration with Heidelberg Cement, a new type of concrete ‘HEATCRETE’ has been developed and tailored to have the optimum performance with respect to storing thermal energy.”
Funds from the campaign will be used to accelerate commercialization, maintain its competitive technology edge and find strategic partnerships. EnergyNest chairman, Harald Norvik, stated:
“We are looking for investors from all over the world who can spread the word and help get their own networks excited about the positive changes EnergyNest is bringing to the world.”
Masdar Institute, a global leader in renewable research, has partnered with EnergyNest for the pilot facility. Steve Griffiths, VP Research at Masdar Institute, shared:
“We believe EnergyNest is a true gamer changer. Its technology is low cost, easy to install and broadly applicable.”
Invesdor’s Norwegian Equity Director, Peter Moore, went on to add:
“It has been a pleasure to work with such a professional team and for a problem which has been in my consciousness for a while now. Elon Musk’s vision involves a lithium-ion battery in every home. EnergyNest’s shares a vision of energy storage but on a grid-scale, rather than in individual homes. Their solution is much simpler – yet at the same time more scalable, more sustainable, and more environmentally friendly.”
Since its launch, EnergyNest’s campaign has already secured nearly half of its funding goal. It is set to close at the beginning of December.
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