New thermal energy storage technology is being deployed to reduce greenhouse gas emissions from industrial facilities that have resisted decarbonization through other means.
Transferring the heat is the tricky part. For that, Rondo leans on a stream of superheated air. Depending on the industrial process at hand, the hot air can be applied directly, or it can go to a steam generation station. “With today’s announcement, we are writing the next chapter of the EU-Catalyst partnership,” he said. “As the climate bank, we aim to finance many more net-zero technologies that will provide clean and affordable energy to power our industry and homes, while strengthening Europe’s competitiveness.”Fossil energy stakeholders are among Rondo’s investors, so the funded projects will not completely push fossil resources out of the picture.
Among the OCED’s $25 billion portfolio is a $75-million cost-share award to Diageo Americas Supply, aimed at installing Rondo Heat Batteries toat two Diageo beverage facilities in Kentucky and Illinois, which produce readymade cocktails and Bulleit whiskey, along with other spirits.