LYSAKER, Norway
,
August 24, 2022
(press release)
–
Kyoto Group AS and Glomma Papp AS have signed a Letter of Intent (LoI). The two companies will enter negotiations of a supply agreement for Kyoto’s Thermal Energy Storage (TES) solution, the Heatcube™. Glomma Papp, a Norwegian corrugated cardboard manufacturer, and Kyoto will jointly complete a detailed technical and commercial evaluation of the feasibility of Kyoto’s Heatcube™ with the goal of entering into a supply agreement with predicted commissioning during the summer of 2023. The Heatcube™, a thermal energy storage system, provides energy storage and heat generation in one product. It supplies industrial customers with the technology needed to lower both their costs for producing process heat and their CO2 emissions. “This is further proof of our commitments to sustainability and to reducing CO2 emissions from our processes and actively being a part of the green transition for the corrugated industry. Kyoto’s Heatcube™ offers an interesting potential for us and we are excited to explore this opportunity in all details.” says John Stevenson, Technical Manager at Glomma Papp AS. The Kyoto Heatcube™ can be configured with storage capacities from 8 MWh to over 96 MWh, with a discharge effect for each Heatcube™ of up to 5 MW. It is an innovative, low-cost, and modular storage solution for thermal energy that can use multiple renewable energy sources to heat molten salt to over 450 degrees Celsius. The high-temperature salt is then used to produce steam for industrial production processes. “We are grateful for the productive collaboration with Glomma Papp in exploring all the benefits our Heatcube™ brings them. In offering industrial heat through a Heatcube™ thermal battery, our ambition is to help the industrial sector reduce emissions and improve the security of supply at a lower cost,” says Kyoto Group CCO Tim de Haas. For more information, contact: John Stevenson, Technical Manager Glomma Papp AS About Kyoto Group Kyoto Group offers a thermal battery, the Heatcube™, to produce, store and supply renewable heat to industrial players. The Heatcube™ secures heat supply based on renewable energy for industrial production processes, enabling various industries to significantly reduce their CO2 footprint. The Heatcube™ uses lower-cost energy sourced from excess solar and wind power. About Glomma Papp Glomma Papp AS has been designing, developing, and manufacturing packaging and display solutions for business markets since 1931. Throughout the history and up to the present day, Glomma Papp AS has received several national and international awards for their work. Glomma Papp AS’s vision is to inspire and improve. Through innovative ideas, high quality and close follow-up, Glomma Papp AS creates growth and development for all their customers. The company values are reliable, innovative, and personal. A close collaboration with Glomma Papp AS pays off.
Camilla Nilsson, CEO Kyoto Group AS
camilla@kyotogroup.no
+47 48 29 56 85
john.stevenson@glommapapp.no
+47 951 27 284
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