SaltX in cooperation agreement with ABB

- Strengthens the technical platform with system for automation and control

Nasdaq First North-listed SaltX Technology has signed a letter of intent with ABB regarding cooperation in systems for automation and control processes to strengthen SaltX's technical platform of EnerStore.

The companies will jointly ensure a stable and scalable control system to strengthen SaltX's technical platform. ABB has a long and solid experience in complex control systems and will be able to contribute to optimizing and securing the automation and control system in both the short and long term for the energy storage system, EnerStore of SaltX.

"We are pleased to be able to offer our technology to such a unique energy storage as SaltX develops and we see great opportunities in this collaboration," says Björn Jonsson, Hub Manager, Process Industries, ABB

SaltX has previously announced that it has entered partnerships with global Sumitomo SHI FW and the Australian company Calix Limited for the development of reactors for the chemical process with the nanocoated salt.

SaltX and ABB will begin the cooperation in 2021 with the goal of installing the first joint system in the Luleå pilot. Read more about the Luleå pilot here.

"It is very gratifying that we together with the specialists of ABB can develop first-class automation and control systems for SaltX EnerStore. This collaboration provides an additional improvement of the Company’s energy storage solution," says Carl-Johan Linér, CEO of SaltX Technology.

For further information, please contact:
Carl-Johan Linér (CEO) +46 705-32 08 08
Harald Bauer (CFO) +46 708-10 80 34

 

About ABB
ABB (ABBN: SIX Swiss Ex) is a leading global technology company that drives the transformation of society and industry to achieve a more productive and sustainable future. By connecting software with products in electrification, robotics, automation and motion, ABB creates solutions that drive technology's possibilities to new heights. ABB's success is based on a long history of technical leadership that stretches back more than 130 years and is driven by around 105,000 skilled employees in more than 100 countries. For more information, visit: www.abb.com.

About SaltX Technology
SaltX Technology develops and sells a patented energy storage solution based on nanocoated salt. SaltX mission is to develop and offer sustainable technology and solutions that will clearly benefit customers, climate and the society. SaltX Technology's shares are listed on the Nasdaq First North Premier Growth Market. FNCA Sweden AB, +468-528 00 399, info@fnca.se, is SaltX Technology’s certified adviser. For more information, visit: www.saltxtechnology.com

Stockholm, 2021-07-01

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