EnergyIntel introduces thermal energy storage solution

EnergyIntel, a pioneer in renewable energy solutions, is introducing its Electron Thermal Energy Storage (TES) technology, aspiring to transform Cyprus’ industrial energy sector.

The company’s innovative approach to high-temperature energy storage promises substantial cost savings, improved energy efficiency, and a significant reduction in reliance on fossil fuels. By leveraging excess renewable electricity, EnergyIntel’s Electron TES can help industries reduce energy costs by up to 150% compared to conventional fossil fuel-based process heat systems, the company said in a press release.

“The energy transition in Cyprus is at a critical juncture, and EnergyIntel is ready to support industries in reducing their energy costs while improving sustainability,” said Marios Alexandrou, COO & Co-Founder of EnergyIntel. “Our Electron TES solution is a powerful alternative to fossil fuels, allowing industries to tap into renewable energy even when the sun isn’t shining. By utilising stored thermal energy, businesses can achieve significant operational savings while reducing their carbon footprint.”

Cyprus, like many other regions, struggles with high energy prices and grid congestion, which limit the full potential of renewable energy integration. The Electron TES system converts surplus renewable electricity into high-temperature thermal energy, which can be stored and used when needed. This, the company said, ensures round-the-clock availability of clean energy, particularly for industries requiring high-temperature heat, such as manufacturing, food processing, and chemical industries.

Tested and validated at Khalifa University

The Electron Thermal Energy Storage has already been tested and validated at Khalifa University’s research facilities in the Masdar Institute Solar Platform (MISP) in Abu Dhabi. During extensive trials, the system achieved an operational availability of over 95%.

Khalifa University, a globally recognised institution for cutting-edge energy research, has played a pivotal role in assessing and refining EnergyIntel’s TES technology, the company said.

In line with the government’s energy storage plans

Cyprus’ energy landscape is evolving, with a strong push towards decarbonisation and grid stabilisation. The government’s €35m energy storage support scheme, designed to deploy 150MW/350MWh of energy storage, highlights the country’s commitment to reducing electricity costs and increasing the share of renewables.