Alfa Laval in New Partnership on Energy Storage
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This news is classified in: Sustainable Energy Storage

Jul 24, 2023

Alfa Laval in New Partnership on Energy Storage

  • Energy efficiency and renewables are vital for decarbonization, with solar PV (Photo Voltaic) and wind expected to double in the next five years.
  • Energy storage is critical to ensure grid stability, and the needed global energy storage investments are projected by IEA, IRENA, LDES Council, and others, to ramp-up to very high levels before 2030.
  • Alfa Laval and Aalborg CSP's collaboration aims to enhance competence, product development, and application knowledge in molten salt heat exchanger technology to drive the advancement of long duration energy storage heat exchanger 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.”

The joint venture, that will be named Alfa Laval Aalborg Header-coil A/S, will allow Alfa Laval to expand its expertise and product offerings in molten salt heat exchanger technology. The signing of the joint venture agreement between Alfa Laval and Aalborg CSP took place in May, marking an important milestone in their pursuit of innovative and efficient energy storage technologies.

Energy Storage Systems (ESS) Market Report 2024-2034

Energy Storage Systems (ESS) Market Report 2024-2034

Forecasts by Integration Type (On-Grid, Off-Grid), by Duration (Short Duration Storage, Medium Duration Storage, Long Duration Storage), by Application (Ancillary Services, Peaking Capacity, Energy Shifting, Transmission & Distribution Level), by End-Use (Residential, Commercial, Industrial, Utility (Grid-scale), Other), by Technology Type (Battery Energy Storage Systems (BESS), Pumped Hydro Storage (PHS), Thermal Energy Storage (TES), Flywheel Energy Storage, Compressed-Air Energy Storage (CAES), Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis

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