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About

TEXEL Energy is an innovative energy technology company with Swedish origins, dedicated to accelerating the green transition by developing and commercializing true-green, modular, and sustainable solutions to meet global energy challenges. TEXEL’s main focus is Energy Storage, but over the years, the company and its technology have evolved to involve any thermal waste, which can be stored or directly turned into electricity. This aligns with TEXEL’s ambition to minimize energy waste and contribute to a more sustainable world.

Challenges in Energy

The adverse effects of fossil fuel reliance are now undeniable, with both scientific evidence and visible impacts on our planet confirming significant risks to our climate, biodiversity, and both national and international security. It is imperative that we shift towards cost-effective, scalable, and sustainable alternatives to halt the depletion of our planet’s resources. We must develop robust green energy solutions that ensure reliable energy supply, regardless of the time of day or weather conditions.

The unreliability of green energy production

Renewable energy, such as wind and solar power, need to be available even when the wind is not blowing, or the sun is not shining.

The unblance between production and demand of green energy

Peak production of green energy occurs during midday, while the highest demand of energy occurs in the afternoon and evening.

Energy production depending on fossil fuels

Today the energy systems are largely reliant on fossil fuels, leading to great vulnerability and enormous environmental impact.

Making energy solutions available

TEXEL is revolutionizing the energy landscape by making new solutions available. Our energy technologies offer cost-effective and sustainable options for energy production and distribution, featuring a range of invaluable benefits as detailed below:

Combined Technologies

Throughout the development of TEXEL and its various technological solutions, the central theme has been energy, with a focus on thermal energy and the capability to convert this into electricity. This has opened up a vast array of potential business areas for the company. There is a constant effort to evaluate these opportunities, which include energy storage from heat to heat, energy storage from heat to a combination of heat and electricity (CHP), combustion and conversion to heat and electricity of various biofuels, wood pellets, wood chips, and waste gases, as well as the conversion of industrial waste heat into energy.

Energy Storage

TEXEL's Energy Storage technology is being developed with scalability and near-complete recyclability in mind. It is designed to operate without consuming Earth's precious resources or rare earth minerals. Our system is distinguished by its minimal cyclic degradation, capable of storing energy for centuries with negligible losses. As a result, it meets not only today's energy storage needs but also acts as a safeguard for the long-term availability of minerals. This establishes TEXEL's solution as a strategic investment for the future, moving beyond traditional costs and the perpetual demand for supply.

STIRLING Technology

TEXEL has established itself as a global frontrunner in the realm of Stirling technology. Renowned for its scalability, this technology adeptly converts heat into electricity with high energy efficiency. It serves as a versatile solution in numerous applications, propelling the ongoing energy transition. Particularly in areas bereft of existing technological solutions, TEXEL's Stirling technology is paving the way for a sustainable future.

Flare Gases

TEXEL's unique Stirling technology efficiently converts waste heat from sources like industrial processes, landfills, or gas flaring in the petroleum industry into electricity. This system excels at utilizing low-quality gases by harnessing thermal energy, offering a scalable and reliable solution for waste heat management. In doing so, TEXEL contributes to cleaner and more sustainable energy production, reducing environmental impact while leveraging previously untapped energy resources.

Global Cooperations

TEXEL Energy was founded in Sweden but is built on global cooperation that extends across Europe, the USA, and Australia. New game-changing technology demands collaboration with the best in each specific field.

Collaborations and Acquisitions:

TEXEL was founded through the acquisition of the rights to a unique Stirling engine technology, originally developed by Ford Motors in collaboration with the military submarine manufacturer Kockums. This acquisition formed the cornerstone of TEXEL's innovative approach. Shortly after, TEXEL broadened its technological portfolio by acquiring Stirling Energy Systems and Maricopa Solar in Arizona, fostering a fruitful collaboration with the U.S. Department of Energy's (DOE) Solar Laboratory, SANDIA National Laboratory.

Building on these strategic partnerships, TEXEL established an exclusive collaboration with Savannah River National Laboratory (SRNL) and Curtin University in Perth, Australia. TEXEL’s development strategy has also been marked by a series of acquisitions, including the main assets of two Nasdaq-listed companies. These additions further align with TEXEL’s long-term objectives for sustainable energy solutions.

Giga-Volume Production Required

TEXEL Energy is gearing up for large-scale production to meet the immense market demand driven by the global energy transition. The mass production of systems necessitates the mass production of components, making collaborations with key suppliers essential. In 2023, TEXEL acquired the assets of the Nasdaq-listed tech company Swedish Stirling, gaining valuable intellectual and physical assets, along with a production capacity of approximately 10,000 engines (300MW) per year. The primary focus now is to establish this industrial capacity in the U.S., followed by expansion into Europe, with plans to scale up production to Giga-Volumes.

Behind the Innovation

The concept and business model to create the TEXEL technology is built on global co-operation by bringing together the most experienced people, laboratories and companies in the world. The development and operation are supervised by the TEXEL team in Sweden, United States and United Kingdom.

TEXEL Company Group Structure

Over the years, with the aim of creating the optimal conditions to achieve the company’s objectives, which include R&D collaborations, financing, industrialization, and commercialization, TEXEL has developed a legal structure with corporate establishments in Sweden, the UK, and the USA.