Alfa Laval and Aalborg CSP to develop energy storage solutions

Alfa Laval and Aalborg CSP have forged a joint venture named Alfa Laval Aalborg Header-coil A/S, aimed at expanding Alfa Laval’s proficiency and product portfolio in molten salt heat exchanger technology. The agreement marks a significant milestone in their quest for cutting-edge and efficient energy storage solutions.

Thomas Møller, President of the Energy Division at Alfa Laval, comments, “By joining forces with Aalborg CSP, we are taking a significant step towards achieving our shared vision of a sustainable energy future. Together, we will drive the development of cutting-edge long duration energy storage solutions, in the belief that to solve some of the big challenges we are facing, we need to combine knowledge and resources.”

Svante Bundgaard, CEO of Aalborg CSP adds, “The renewable energy system of the future requires long duration energy storage to capture, store and integrate renewable energy sources in a 100 percent sustainable energy system. By partnering with Alfa Laval, we have found the ideal partner for further scaling of our business to meet the increasing demand for sustainable energy storage solutions.”

According to the International Energy Agency (IEA), energy efficiency and renewables play a vital role in achieving the targets set forth in the Paris Agreement. As part of the decarbonisation process, solar photovoltaic (PV) and wind energy are projected to more than double in the next five years, contributing nearly 20 percent of global power generation by 2027.

Others have also viewed

COP28: TotalEnergies empowers 3 national companies to cut methane emissions via its tech

TotalEnergies announced the signing of three cooperation agreements with National Oil & Gas Companies (Petrobras ...

COP28: TotalEnergies to invest in 1 GW wind power project in Kazakhstan

President of Kazakhstan, Patrick Pouyanné and the Minister of Energy of Kazakhstan signed the Agreement ...

TNC and GRA announce global action plan on tripling renewables

The Nature Conservancy (TNC) and Global Renewables Alliance (GRA) have announced a joint declaration to ...

Generac and Wallbox announce strategic investment and commercial agreement

Generac Power Systems, a leading global designer and manufacturer of energy technology solutions and other ...