Kyoto Group signs LoI with Glomma Papp for Thermal Energy Storage Solution
Lysaker, Norway 24 August 2022 – 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