EnergyNest

EnergyNest is a Norwegian energy-technology company focused on industrial-scale thermal energy storage. Founded in 2011 by Professor Pål Bergan and Øivind Resch, the company developed a thermal-battery approach intended to store energy as heat and release it later as useful process heat or steam. Its proposition is aimed at industrial facilities whose energy production and energy consumption do not always occur at the same time, allowing those activities to be separated and potentially enabling more flexible use of renewable or otherwise variable energy sources. The company is headquartered in Billingstad, Norway, and has also maintained branches in Hamburg, Seville, Madrid, and Rotterdam. Rather than operating primarily as a consumer-facing battery brand, EnergyNest works in the industrial energy-infrastructure market. Its systems are designed for large facilities that require dependable heat or steam, including manufacturing and process industries. This places the company at the intersection of thermal storage, industrial decarbonization, renewable-energy integration, and process-heat supply. EnergyNest's early technology development included a pilot facility in Masdar City, Abu Dhabi, carried out with the Masdar Institute of Science & Technology. The pilot was completed in 2015 and continued through 2017 for further improvement. This project provided an early demonstration setting for the company's thermal-storage concept in a prominent clean-technology development environment. The company moved from pilot work toward industrial deployment in September 2019, when it supplied thermal batteries to the Italian energy company Eni for use at a production site in Sicily. In June 2020, EnergyNest and Siemens Energy announced a long-term partnership for the joint development of thermal energy storage systems. The arrangement was intended to combine EnergyNest's proprietary thermal-battery technology with Siemens Energy technologies and project capabilities. In April 2021, infrastructure investor Infracapital invested in EnergyNest and acquired a majority stake. The investment represented an important ownership and scaling event for the company, supporting its development as an industrial energy-storage provider. EnergyNest subsequently reported the start of its first commercial project at fertilizer manufacturer Yara International in 2022. In February 2023, it completed installation of a thermal battery for an Avery Dennison manufacturing plant in Belgium, with the stated purpose of replacing natural-gas consumption at that facility. EnergyNest's positioning is therefore centered on thermal energy storage as an industrial decarbonization tool. Its systems are intended to help customers retain access to high-temperature heat or steam while reducing dependence on direct fossil-fuel combustion, improving the flexibility of energy use, and connecting industrial demand with lower-carbon energy sources. The available reference material does not establish a complete list of current products, revenue, workforce, executive leadership, or the company's full present-day project portfolio.

EnergyNest was established in Norway in 2011 by Professor Pål Bergan and Øivind Resch. From its beginning, the company concentrated on thermal energy storage rather than electrochemical electricity storage. Its core concept was a thermal battery capable of storing energy as heat and releasing that stored energy when required as process heat or steam. The approach addressed a central problem in industrial energy use: energy supply and heat demand often occur on different schedules, while many industrial processes require continuous or controllable thermal output. The company's early development was associated with Masdar City in Abu Dhabi. Working with the Masdar Institute of Science & Technology, EnergyNest completed a pilot facility in 2015. The pilot continued through 2017 for improvement work, giving the company an opportunity to refine and demonstrate its technology in a purpose-built clean-technology setting. This phase preceded the company's transition from demonstration activity toward commercial and industrial applications. In September 2019, EnergyNest supplied thermal batteries for an Eni production site in Sicily. The project was described as the company's first industrial project and represented a significant step beyond pilot deployment. It placed the technology in an operating industrial environment where stored heat could be connected to practical production needs. EnergyNest expanded its industrial-development relationships in June 2020 through a long-term partnership with Siemens Energy. The companies announced plans to jointly develop thermal energy storage systems, with EnergyNest seeking to combine its proprietary thermal-battery technology with Siemens Energy's technologies and project activities. The partnership indicated an effort to scale the technology through collaboration with a major energy-technology company rather than relying solely on standalone deployments. Ownership changed materially in April 2021, when Infracapital invested in EnergyNest and acquired a majority stake. The transaction brought infrastructure investment backing to the company at a point when industrial decarbonization and process-heat electrification were receiving increased attention. The available reference does not provide the full transaction structure or a separately verifiable financial source for the investment amount. EnergyNest reported its first commercial project entering operation in 2022 at fertilizer manufacturer Yara International. This deployment marked another progression in the company's history, from pilot and industrial-project work to a commercial installation for a major process-industry customer. In February 2023, the company completed installation of a thermal battery at an Avery Dennison manufacturing plant in Belgium. The project was intended to replace natural-gas usage, illustrating the company's stated application of thermal storage as a means of reducing fossil-fuel consumption in industrial heat generation. The company's history reflects a gradual commercialization path: founding and technology development in Norway, pilot validation in Abu Dhabi, an industrial deployment with Eni, strategic cooperation with Siemens Energy, majority investment by Infracapital, and commercial installations for Yara and Avery Dennison. Publicly available material supplied for this dossier does not establish detailed information about subsequent projects, current executives, revenue, employee numbers, or the exact technical specifications of all EnergyNest systems.

• 2023

  Avery Dennison installation completed

  [1]EnergyNesten.wikipedia.org

  EnergyNest completes a thermal-battery installation for an Avery Dennison manufacturing plant in Belgium.

• 2022

  First commercial project enters operation

  [1]EnergyNesten.wikipedia.org

  EnergyNest's first commercial project begins operating at Yara International.

• 2021

  Infracapital becomes majority investor

  [1]EnergyNesten.wikipedia.org

  Infracapital invests in EnergyNest and acquires a majority stake.

• 2020

  Siemens Energy partnership announced

  [1]EnergyNesten.wikipedia.org

  EnergyNest and Siemens Energy announce a long-term partnership for joint development of thermal-energy-storage systems.

• 2019

  First industrial project starts

  [1]EnergyNesten.wikipedia.org

  EnergyNest supplies thermal batteries to Eni for a production site in Sicily.

• 2017

  Pilot improvement phase concludes

  [1]EnergyNesten.wikipedia.org

  The Masdar City project continues for technology improvement through 2017.

• 2015

  Masdar City pilot is completed

  [1]EnergyNesten.wikipedia.org

  EnergyNest completes a pilot thermal-storage facility in Masdar City, Abu Dhabi, with the Masdar Institute of Science & Technology.

• 2011

  EnergyNest is founded

  [1]EnergyNesten.wikipedia.org

  Professor Pål Bergan and Øivind Resch establish EnergyNest in Norway to develop industrial thermal-energy-storage technology.

An industrial energy-infrastructure and decarbonization company using thermal batteries to store energy as heat and dispatch it later as process heat or steam.

• Industrial thermal energy storage

  EnergyNest thermal battery

  EnergyNest's thermal battery is an industrial-scale storage system designed to retain energy as heat and release it when required. Its intended outputs include process heat and steam, allowing industrial customers to separate the timing of energy production from the timing of thermal demand. The system is positioned for applications such as manufacturing and other process industries seeking more flexible energy use or lower dependence on natural gas.

• 2021

  Accept majority investment from InfracapitalM&A

  Background

  EnergyNest required investment and ownership support as it developed industrial thermal-storage projects.

  Action taken

  Infracapital invested in the company and acquired a majority stake.

  Aftermath

  The transaction gave EnergyNest an infrastructure-investor majority owner and supported its subsequent commercial-project phase. The supplied material does not provide verified transaction financials beyond the ownership change.

  Source

• 2020

  Partner with Siemens Energy on thermal-storage developmentStrategy

  Background

  EnergyNest sought to expand the development and deployment of its thermal-battery technology through cooperation with Siemens Energy.

  Action taken

  The companies announced a long-term partnership to jointly develop thermal-energy-storage systems combining EnergyNest technology with Siemens Energy technologies and projects.

  Aftermath

  The partnership became part of EnergyNest's transition from pilot demonstrations toward larger industrial and commercial applications; the supplied material does not document its later scope or results.

  Source

1. 1EnergyNesten.wikipedia.org