Kyoto signs strategic investment agreement with Iberdrola and Spirax-Sarco Engineering to accelerate electrification
Oslo, Norway 22 June 2023 – Iberdrola, Europe’s largest electricity utility by market capitalization, and Spirax-Sarco Engineering, a world-leading specialist in thermal energy management, join Kyoto Group as strategic investors and commercial partners in an alliance to accelerate the decarbonization of industrial process heat with Kyoto’s Heatcube, a thermal energy storage solution.“This is a defining moment for Kyoto Group. Beyond the increased equity, having Iberdrola and Spirax-Sarco Engineering put their plans, market access, and credibility behind the commercialization of Heatcube