Successful Initial Operational Test and Commercial Handover of Heatcube
Oslo, Norway 11 August 2023 – Kyoto Group is pleased to announce the successful Initial Operational Test (IOT) of Heatcube installed at the Nordjylland Power Station in Denmark (“Norbis Park”) and the subsequent commercial handover of the Heatcube as defined in the leasing agreement dated Nov 18[th], 2021, from Kyoto Group AS to Nordjyllandsværket A/S.The parties have successfully executed the Initial Operations Test (IOT) to demonstrate the operability of Heatcube and its capability to perform service as a heat storage system, absorbing power from the electrical grid, storing thermal