Saarbrücken, Germany, 25 September 2020
Dutch clean energy conglomerate Koolen Industries has invested €3 million in Kraftblock, a German firm that uses nanotechnology to develop new ways to store and transport energy as heat.
“Energy storage is an essential cornerstone that underpins both our efforts to cut emissions from industry and to transition to renewable energy. Kraftblock’s technology makes both of these goals achievable,” said Kees Koolen, Chairman and CEO, Koolen Industries.
Kraftblock’s thermal energy storage system is used to capture excess heat, which is an inevitable by-product of industrial operations, and reuse it as energy for production.
“This helps industrial companies decarbonize and significantly reduce their overall carbon dioxide emissions, which delivers not only ecological benefits but cost savings too,…Read more