The only way to steer the energy market away from fossil fuels such as oil, coal and gas (CO2) is by combining cheap renewable energy with cheap energy storage – the TEXEL battery is such a solution. The battery reduces storage costs up to 90 percent compared to Lithium-Ion in some applications. The combination of being cheap while producing renewable wind or solar energy, the technology competes head to head with fossil fuels, not only in terms of cost but additionally 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 a critical point where it is impossible to add more wind and solar power sources without also adding a solution for energy storage. The lack of energy storage is happening at the same time as the world is expected (according to the Paris Agreement) to be CO2-free within the energy grid by 2050 (2045 in California). Not many people are aware of the fact that oil, coal and gas plants are producing energy alongside wind and solar sources, as back-ups, in case weather conditions hinder the renewable sources to function. Therefore, energy storage is a crucial step in moving 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 at the time, TEXEL initiated negotiations with US Department of Energy (DOE) and the Savannah River National Laboratory (SRNL), which is 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% match with TEXEL’s research and Stirling technology. In February 2018, two American Presidents later, 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, with no degradation and no rare earth, as well as being 100% recyclable and having high energy density. The TEXEL battery was now becoming a competitor to Lithium-Ion in applications where large amounts of storage was needed, also in combination with PV and wind. That is when TEXEL, previously known as United Sun Systems, became 100% focused on energy storage.
Australia Supports TEXEL
TEXEL is a partner to Curtin University in Australia, thanks to a grant awarded to TEXEL by the Australian Government Department of Innovation, Industry and Science. TEXEL is now in co-operation with Curtin University in Perth working on a plan to also produce the TEXEL technology in Australia.