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Siemens Energy launches energy storage initiative

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Energy Global,

Siemens Energy has launched the ‘Future of Storage’ initiative. The aim of the initiative is to combine knowledge and build an ecosystem of technology partners in order to offer energy storage solutions tailored to customers' needs. Decarbonising the world's energy systems is one of the key goals of Siemens Energy. An essential component of climate-friendly energy systems of the future will be efficient energy storage systems. They will compensate for the fluctuating feed-in of renewable energies and stabilise the grids, making them a key driver of decarbonisation.

With ‘Future of Storage’, a global team of experts is being formed that covers all available energy storage technologies, from batteries to thermal and thermo-mechanical energy storage systems.

At the beginning of June, Siemens Energy entered into a long-term partnership with the Norwegian technology company EnergyNest. The start-up is a supplier of thermal energy storage systems. The aim of the partnership is to jointly offer modularised and standardised thermal energy storage systems for industrial customers. EnergyNest has developed a heat battery that can be charged with renewable energy or with waste heat and can discharge completely renewable steam directly into customers' plants when required. This reduces the demand for fossil generated heat and at the same time increases the flexibility of the plants.

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