TEXEL Energy Storage

Highly cost-competitive

In close collaboration with the U.S. Department of Energy (DOE) and Savannah River National Laboratory (SRNL), TEXEL Energy Storage is pioneering a thermal long-duration energy storage solution designed to support the intermittency of renewable sources like solar and wind. TEXEL’s energy storage technology is developed with a strong focus on cost-effectiveness, scalability, and near-complete recyclability. The system operates without depleting our planet’s precious resources or rare earth minerals and is characterized by minimal cyclic degradation. Consequently, it addresses not only today’s energy storage needs but also safeguards the long-term availability of minerals. This establishes TEXEL’s solution as a strategic investment for the future, moving beyond conventional costs and the relentless demand for supply.

Electricity-to-Thermal Storage and Output as Electricity and Heat

TEXEL’s thermal energy storage technology stores electricity as thermal energy (heat) and can maintain this stored energy for exceptionally long periods—potentially hundreds of years—with minimal energy losses. For commercial applications, TEXEL is focused on delivering systems with storage capacities ranging from 6 hours to seasonal storage. The stored energy can be efficiently released as combined heat and power (CHP), achieving high overall energy efficiency.

Thermal Storage vs. Conventional Li-Ion Batteries

TEXEL aims to provide a technology that is highly cost-competitive compared to alternatives like lithium-ion batteries. Beyond avoiding the depletion of the planet’s resources and exhibiting minimal cyclic degradation, TEXEL’s thermal energy storage technology offers a significant advantage: the ability to deliver stored energy as both electricity and heat—addressing a substantial portion of global energy demand. Another key distinction is the flexibility in input energy sources. Since TEXEL’s system is based on thermal storage, it can be charged using any heat source, enabling hybridization and allowing it to function as both a storage and energy generation solution. For example, if solar power is unavailable due to cloudy weather, a hybrid system can recharge the storage, ensuring a reliable 24/7 energy supply throughout the year.

Long Duration Energy Storage (LDES): The Key to Solving Energy Distribution Challenges and Increase Renewable Energy.

A distinctive challenge in the power sector is that renewable electricity generation is often time-specific and intermittent, with output that may not align with market demand. Long duration energy storage helps balance power supply during peak demand, ensuring energy availability. TEXEL’s thermal energy storage technology can improve renewable energy reliability by smoothing and dispatching its variable output, supporting a more flexible and resilient grid. It also allows for more renewable energy to be installed in the energy mix.

The Largest and Fastest-Growing Market

Energy storage is a fast-growing market, with investments projected to exceed $1 trillion over the next 20 years. In addition to technological advancements and cost reductions, this growth is driven by the urgency of climate change and reinforced by government legislation. Regions such as California, the European Union, and the UK have committed to net-zero CO₂ targets between 2030 and 2050.