Grand Opening of SaltX pilot plant in Berlin attracts a great interest

The energy storage company SaltX Technology - listed on Nasdaq First North Premier – has during the day officially opened the large-scale pilot plant together with Vattenfall. It was a great interest from both the press and the energy industry. Vattenfall will evaluate the storage technology with nanocoated salt during the next couple of months. 

The next step for the company is to evaluate the results together with both Vattenfall and other stakeholders in the coming months in order to bring the industrial energy storage solution closer to a commercialization. A number of large European energy companies attended the inauguration. They are looking for large-scale energy storage solutions that can balance the network and supplement the coal power. Per Thöresson, the Ambassador of Sweden in Berlin attended the Grand Opening.  

We see a shift in the energy sector and an immense need for energy storage worldwide. Germany is one of the countries taking lead in the transition and we are very proud to have Vattenfall as partner. We are eager to put SaltX Energy Storage solution on the market as soon as possible.”-Harald Bauer, CEO SaltX

In the next few months, we will collect important data to get answers to the question of whether and how this type of plant can be used in our business. Some questions are how large amounts of salt can be used, how quickly the storage medium reacts and how the process can be controlled,” said Markus Witt, responsible for the project at Vattenfall Wärme Berlin AG.

Other partners in the project in addition to SaltX and Vattenfall are:
ETIA, Energiforsk, Öresundskraft and Göteborgs energy, and the Swedish Energy Agency which participate through fundings.

For further information, please contact:
Harald Bauer, CEO at SaltX Technology, tel +46-708 10 80 34

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About Berlin pilot plant
During the summer of 2017, SaltX and Vattenfall initiated a collaboration to construct a large-scale energy storage based on SaltX solution with nano-coated salt (NCS). The plant has been installed, tested and commissioned at Vattenfall's combined heat and power plant, Reuter-C in Berlin. The next step for the parties is to perform actual testing of the energy storage for a number of months to evaluate both technology and functionality. The energy storage have a capacity of 10 MWh / 0.5MW, which is charged with electricity from the grid and discharge high-quality heat into the Berlin district heating network.

About SaltX Technology
SaltX Technology develops and sells patented energy storage technology, which is marketed under the brand SaltX ™. Customers consist mainly of major global OEM partners such as Alfa Laval, Mobile Climate Control and Rheem. SaltX Technology's stock is listed on Nasdaq Stockholm First North. FNCA Sweden AB, +46-8-528 00 399, info@fnca.se, is SaltX Technology’s Certified Adviser. For more information, visit www.saltxtechnology.com.

Berlin, April 11, 2019

About Us

SaltX Technology is an award-winning company in Sweden which has developed a worldwide patented ground-breaking nano technology, storing energy in salt for an unlimited amount of time to provide heating and/or cooling. The company is primary focusing on large scale energy storage, which is required to deal with the inconsistency of renewable energy supply. SaltX´s innovation, built with nano-coated salt technology, is a circular thermal energy storage solution that provides peak shifting to energy grid providers, industrial and commercial customers. With a low cost SaltX Energy Storage is enabling the full transition to renewable energy, globally.

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