Lysaker, Norway 24 August 2022 – Kyoto Group AS and Glomma Papp AS have signed a Letter of Intent (LoI). The two companies will enter negotiations of a supply agreement for Kyoto’s Thermal Energy Storage (TES) solution, the Heatcube(TM).
Glomma Papp, a Norwegian corrugated cardboard manufacturer, and Kyoto will jointly complete a detailed technical and commercial evaluation of the feasibility of Kyoto’s Heatcube™ with the goal of entering into a supply agreement with predicted commissioning during the summer of 2023.
The Heatcube™, a thermal energy storage system, provides energy storage and heat generation in one product. It supplies industrial customers with the technology needed to lower both their costs for producing process heat and their CO2 emissions.
“This is further proof of our commitments to sustainability and to reducing CO2 emissions from our processes and…