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The energy storage company SaltX Technology and Nordkalk Corporation have signed a Letter of Intent to manufacture Nano Coated Salt (NCS). SaltX is starting the full-scale production of patented Nano Coated Salt (NCS) used in energy storage.
"Energy storage is an interesting market and SaltX is an interesting company. We are ready to support SaltX and ramp up the production to meet the growing demand for this material", says Tomas Eriksson, Chief Commercial Officer at Nordkalk. Especially energy storage from renewable resources is challenging and new technologies are desperately needed. New NCS-technology is one of the solutions.
Nano-coated technology by SaltX has been developed to store energy thermo-chemically. The main ingredient of the "salt" is actually more precisely calcium oxide, which has a good volumetric energy density. The technology enables a long-term and a cost-effective solution.
Nordkalk will be a preferred manufacturer of patented NCS in Europe. NCS consists mainly of CaO (calcium oxide) coated with silica-based coating material. The capacity of full-scale production will be 10,000 tons of NCS, which is equivalent to 4,000 MWh of thermal energy storage.
"With the partnership with Nordkalk and silica producer WACKER, SaltX gets the best of two worlds: Both companies have the required technical know-how, production capabilities and financial resources to manufacture and supply the NCS at the right quality and in the quantities we need to meet the projected global demand of our NCS in the coming years", says Karl Bohman, CEO of SaltX Technology.
Nordkalk has started pilot production in Pargas Finland and already produced several tons of the SaltX NCS based on SaltX recipe and specifications. Currently, Nordkalk is producing for Vattenfall's project in Berlin to be delivered within the next month.
On the left in the photo is Tomas Eriksson, Nordkalk CCO and on the right is Mathias Snåre, Nordkalk Product Development Director.
Nordkalk Corporation – www.nordkalk.com – is the leading supplier of limestone-based products in Northern Europe. With headquarters in Pargas Finland, Nordkalk has production in more than 20 locations in the Baltic Sea area, Central Europe, Norway and Turkey. The company employs 1,000 people and has a turnover of approximately EUR 300 million. Nordkalk is owned by Rettig Group.
About SaltX Technology
SaltX Technology www.saltxtechnology.com develops and sells patented energy storage technology. Main customers are major global OEM partners and energy companies such as Alfa Laval, Vattenfall, Mobile Climate Control and Rheem. SaltX Technology's share is listed on Nasdaq Stockholm First North Premier. SaltX Technology's Certified Adviser is FNCA Sweden AB.
WACKER Chemie AG- www.wacker.com– is a global chemical company founded in 1914 by Dr. Alexander Wacker and headquartered in Munich. WACKER has four business divisions, of which WACKER SILICONES is the largest in terms of sales. WACKER currently operates 23 production sites and has sales offices in 31 countries worldwide, supplying over 3,200+ products to more than 3,500 customers worldwide. The group has nearly EUR 5 billion in revenue and 13,800 employees.
For further information, please contact:
Karl Bohman, CEO, SaltX Technology, tel: +46-705 600 268
Mathias Snåre, R&D Director, Nordkalk, tel: +358-207 537 344
Nordkalk is the leading limestone company on its home markets. We deliver essential raw materials to numerous industries, and our solutions contribute to clean air and water as well as productivity of agricultural land.