A New Battery – A New Future
The only way to steer the energy market away from fossil fuels such as oil, coal and gas is by combining cheap renewable energy with low-cost energy storage – the TEXEL battery is such a solution. The battery reduces storage costs up to 90 percent in some applications compared to Lithium-Ion batteries.
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 into the energy mix without also adding a solution for energy storage. The lack of energy storage technologies 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) is a huge challenge. Not many people know that we rely on oil, coal and gas plants to produce energy alongside wind and solar sources, as back-ups sources, 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 available thermal storage solutions, TEXEL initiated negotiations with the US Department of Energy (DOE) and Savannah River National Laboratory (SRNL). The goal was to sign an exclusive license agreement to use the new “metal hydride & hydrogen”- based patented thermochemical battery solution, which is 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 University in Silicon Valley. With no degradation and no rare earth elements, as well as being 100% recyclable and having high energy density, the TEXEL battery was now becoming a competitor to lithium-ion technology in applications where large amounts of storage is needed, as well as in combination with PV and wind. That is when TEXEL, previously known as United Sun Systems, changed its name and became 100% focused on energy storage.
Australia Supports TEXEL
TEXEL has partnered up with 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 second energy storage technology that would match successfully with the Stirling technology.