Shell backs Australian energy storage disruptor

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 90%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

The multinational oil giant has joined AGL, Toshiba, the federal government and funds management magnate Peter Cooper in backing Newcastle’s MGA Thermal.

is the latest big company to back Newcastle start-up MGA Thermal’s plan to store energy in blocks made of graphite and aluminium.

The key to making the blocks receive energy lies in the different melting points of graphite and aluminium. To get the energy out of the blocks, MGA pumps an inert gas such as nitrogen through the blocks, and those gases become hot when they pass over the molten aluminium particles. The grant will not give Shell equity in MGA nor the project, and is in effect a cheque with no strings attached.

MGA Thermal has previously been tapped by AGL Energy to help with a feasibility study into the establishment of a thermal battery atThe study is investigating whether a gas fired turbine at Torrens Island could run for 8 hours on a thermal battery.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ENERGY

Energy Energy Latest News, Energy Energy Headlines