About
TEXEL Energy is a Swedish greentech company developing circular, true-green technologies that both store renewable energy and convert waste heat into clean electricity. By reducing energy waste and avoiding rare earth dependence, TEXEL provides scalable solutions that drive the global transition towards a sustainable future.
TEXEL Energy is an innovative green technology company (greentech) with Swedish origins, committed to accelerating the global energy transition towards a sustainable future. We focus on developing and commercializing true-green, modular, and circular energy solutions that address the world’s most pressing challenges.
While cost-efficient energy storage remains TEXEL’s core focus, the company’s patented technology has also evolved to include the conversion and use of thermal and other forms of energy waste—either storing it or converting it directly into electricity and other valuable outputs. This approach aligns with TEXEL’s broader mission: to drastically reduce energy waste, promote a sustainable future, and protect our planet’s limited resources.
Thermal Waste
TEXEL’s patented technology transforms waste heat and flare gases—from industrial processes, landfills, and other sources—into green electricity, reducing the depletion of our planet’s resources. Unlike conventional systems, TEXEL can harness even low-quality gases, delivering a modular, off-grid energy recovery solution. This innovation not only lowers emissions but also unlocks valuable power from energy sources that would otherwise be wasted.
Global cooperation
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 has built its foundation through strategic acquisitions and exclusive collaborations with world-leading research institutions. With two exclusive licenses and accumulated assets valued at over USD 2 billion, the company holds a unique competitive edge in delivering scalable and truly green energy solutions.
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.
TEXEL was originally founded through the acquisition of the rights to a unique Stirling engine technology, initially developed by Ford Motors in collaboration with submarine manufacturer Kockums. This acquisition became the cornerstone of TEXEL’s innovative approach to energy.
Soon after, TEXEL expanded its technological capabilities by acquiring Stirling Energy Systems and Maricopa Solar in Arizona, which enabled a productive collaboration with the U.S. Department of Energy’s Solar Laboratory, SANDIA National Laboratories.
Building on these foundations, TEXEL established an exclusive collaboration with the Savannah River National Laboratory (SRNL) and Curtin University in Perth, Australia. As part of these collaborations, TEXEL secured two exclusive licenses covering key elements of the technology platforms—further strengthening the company’s strategic position.
The company’s broader strategy has also included acquiring key assets from two Nasdaq-listed companies, which has reinforced TEXEL’s role in the sustainable energy sector and aligned with its mission to deliver scalable, circular, and truly green energy solutions.
Most recently, the acquisition of selected technology components from the Nasdaq-listed companies Swedish Stirling and Azelio has contributed to TEXEL’s overall technology platform. Taken together, the patents, R&D, know-how, exclusive licenses, and other assets accumulated by the company over the years represent a development value estimated at more than USD 2 billion—providing TEXEL with a unique competitive edge and strong entry barriers in the global energy market.
Company Structure
Over the years, TEXEL has built a legal structure with corporate entities in Sweden, the UK, and the USA, designed to provide the optimal conditions for achieving the company’s objectives in R&D collaborations, financing, industrialization, and commercialization.