Rondo ‘Warmth Batteries’ convert intermittent electrical energy from renewable property, reminiscent of wind or photo voltaic, into steady high-temperature warmth. The expertise additionally has the flexibility to ship steady energy via a mixed warmth and energy (CHP) configuration, added Rondo Vitality.
In June 2023 Rondo Vitality introduced its intention to scale the annual manufacturing of its ‘Warmth Batteries’ to 90GWh.
Following the partnership, EDP will develop wind and photo voltaic parks; these might be large-scale and distributed with the latter co-located with a ‘Warmth Battery’.
In response to EDP these initiatives will “open a brand new market”, providing the industrial and industrial clients throughout the power firm’s core market renewable warmth and energy provide contracts stated to ship “deep decarbonisation and main power financial savings.”
Vera Pinto Pereira, EDP’s board member, stated Rondo Vitality’s expertise opens “a serious enterprise alternative” for the decarbonisation of its energy-intensive purchasers that use warmth of their services.
John O’Donnell, CEO of Rondo Vitality added that the partnership is a “game-changer” that goals to low-cost clear warmth to industrial clients.
“Working collectively, Rondo and EDP will ship 24-hour clear warmth to industrial clients at costs aggressive with gasoline, and with none manufacturing facility facility modifications,” stated O’Donnell.
The partnership follows Rondo Vitality finishing a US$60 million fundraising spherical in August 2023, with traders together with Rio Tinto and Microsoft.