A NEW BATTERY – A NEW FUTURE
The only way to steer the energy market away from Fossil fuels, like oil, coal and gas (CO2), is by combining cheap renewable energy with a cheap energy storage – the TEXEL battery is such solution. The battery reduces storage costs up to 90 percent compared with Lithium-Ion in some applications. In combination with cheap and renewable wind or solar energy, the technology competes head to head with fossil fuels – and not only in terms of cost but as well in terms of distribution, 24 hours a day, 7 days a week, 365 days per year.
THE FUTURE GRID NEED ENERGY STORAGE
In many markets the amount of renewable energy has reached the critical point where it is impossible to add more wind and solar without adding an energy storage solution. This is happening at the same time as the world is expected (according to the Paris Agreement) to be CO2-free in the energy grid by 2050. California in 2045 and Europe in 2050. Not many people knows that, at the same time as we are producing renewable energy from wind and solar, the oil, coal and gas power plants are keep on producing energy as a “backup” incase the wind disappear or for cloud interruptions. Energy storage is the key to move away from fossil fuels.
EXCLUSIVE LICENSE AGREEMENT WITH THE US DEPARTMENT OF ENERGY
After years of research and evaluation of all different thermal storage solutions existing, TEXEL initiated negotiations with US Department of Energy’s (DOE) and Savannah River National Laboratory (SRNL), the laboratory behind the hydrogen bomb. The goal was to sign an exclusive license agreement to use the new “Metal hydride & Hydrogen” based patented thermochemical battery solution, which was a 100 percent match with TEXEL’s research and Stirling technology. In February 2018, and two American Presidents, the exclusive license agreement with the US DOE’s SRNL was finally signed.
In September 2018, the TEXEL battery technology was appointed “The success story beyond Lithium-Ion” at the Energy Storage summit at SLAC / Stanford in Silicon Valley. The technology was proven to be up to 90% more cost effective than Lithium-Ion in some applications, no degradation, no rare earth, 100% recyclable and high energy density. The TEXEL battery was now becoming a competitor to Lithium-Ion in applications where larger amount of storage is needed, also i combination with PV and wind. United Sun Systems became TEXEL with 100% focus on Energy Storage.
AUSTRALIA SUPPORTS TEXEL
TEXEL is a partner in a grant awarded from the Australian Government Department of Innovation, Industry and Science to Curtin University. TEXEL is now in co-operation with Curtin University in Perth working on a plan to also produce the TEXEL technology in Australia.