Kyoto Group and Energy Partner jointly sign term sheet for Heat Purchase Agreement with global leading consumer goods company in Europe
Oslo, Norway 25 April 2024 - Kyoto Group, together with an energy partner, is proud to announce that they have signed a term sheet for delivering Heat-as-a-Service (HaaS) utilizing Heatcube for a global consumer goods company with an energy-intensive manufacturing footprint.Heatcube, a thermal energy storage solution, will replace the current natural gas supply and is designed with 20 MW charge capacity, 48 MWh of storage capacity and 14 MW discharge capacity, offering an annual capacity of more than 47 GWh. The Heatcube at the site in Europe will be supplied with renewable electricity from