Energy Storage
Climate Change Technologies Pty Ltd. [website], based in Adelaide, Australia, has developed an innovative Thermal Energy Storage Device (TED) - a heat battery with unique capabilities, which will disrupt the current energy market.
This heat can be readily turned back into electrical energy on demand via a thermal heat exchanger and various generation devices. TED's ability to manage input variations, produce Base Load output, take shallow cycle input and charge and discharge simultaneously mean the applications are extensive.
Current applications are in telecommunications (including cell towers), rail signaling, mining, industrial manufacturing, wind/solar/waste farms, gov't power networks and large buildings, remote communities and more.
Solar, wind, waste, fossil and grid energy is channeled through TED which generates hot water and AC power.
One competitive aspect is the contrast with lithium: USD~$600 / kwh and TED USD~$280 / kwh.
Advantages
• low cost, high availability materials
• simultaneous charge/discharge capability and shallow cycle tolerance
• environmentally friendly
• non-perishable product with the capacity for 100% re-cycling.
• energy density of TED = 500Wh/kg
• ~4x energy density of lithium ion
• ~12x energy density of lead acid
• Unexplored domain of thermal energy storage
• global patents approved in 18 countries to manufacture / distribute TED
• exclusivity reciprocal with Swedish partners into EU base of Sweden, Denmark & Netherlands
The thermal energy market is relatively new and embryonic internationally. A local competitor has progressed to IPO to raise development funds. Strategy focused on heat storage not electrical energy generation. And the technology works in MW not kW and not scalable down.
The company's competitors are lithium ion, lead acid and diesel generators suppliers.
Commercial Partners
Australia
• MIMP Australia - construction partner
• University of South Australia - research partner
• State Government of South Australia - Department of Energy and Mining
• Stilmark Group - Telco roll out.
Europe
• MIBA Solutions - European JV for assembly, sales and distribution
Under negotiation (confidential)
Government Grants
• Federal Government R&D - $520k (Sept 2019); University of South Australia - $100k (Jan 2019); SA Government Commercialization Grant - $585 (Sept 2019)
Total Grants 2019 -$1.205M
Private investment raised - 2018/2019
• Capital raise achieved $1.75M
• Matching raise for SA Government Commercialisation Grant - $585 (Sept 2019)
Total Capital Raised 2019 - $2.335M
Seeking capital infusion of $100+ million to further expand globally.
Strategy going forward
2019
• Engage Deloittes supporting international entry and company governance structures
• Telco Field Test pilot installed into commercial telco site in Adelaide
2020
• Telco Field Test Pilot commissioned, integrated and independently validated end Q1 2020
• Independent results published for market sales
• Telco O&M profile established
• Australian manufacturing and assembly plant established Q3 2020
• International exclusivity agreements established for Americas, Africa and Asia. • R&D into grid solutions completed
2021
• Exports and licences into international regions commenced
• Grid solutions marketed and sold.
Company brochure [Link]