Swedish SaltX chosen as a preferred energy solution for City of Helsinki
Calix Limited (ASX:CXL), is pleased to see that its partner in developing a novel renewable energy storage system, SaltX (Nasdaq First North: SALT B), has won the Helsinki Energy Challenge for its novel renewable energy storage technology.
To find the best modern solutions for heating Helsinki in the future, significantly contribute to the cessation of coal use by 2029 and become carbon neutral by 2035, the City of Helsinki created the Helsinki Energy Challenge, a global competition with a prize of one million euros.
Swedish-based SaltX Technology is developing a patented energy storage solution based on a specially prepared salt. Calix recently announced its partnership with SaltX for Calix to design and construct a pilot scale 200kW electric-powered direct separation reactor (eDS) in Sweden, to be used as part of this process for storing and despatching renewable energy.
Phil Hodgson, CEO of Calix, said, “We congratulate SaltX on winning the Helsinki Energy Challenge, which is testament to the potential we see in the SaltX technology, and we are proud to be partnering with SaltX in this development”.
SaltX also is partnering with Rebase Energy, which provides digital tools for the optimisation of distributed energy storage systems. The entry, titled ‘Smart Salt City’, offers a functional and sustainable system that is well suited to cities that have set the ambitious goal of carbon neutrality but have high energy consumption and need a reliable energy supply for their residents and businesses.
The solution melds the beauty of novel energy storage and artificial intelligence with commercially available energy technologies, and provides an opportunity for cities to use renewable energy sources in a safe and economical way, without having to plan for new and expensive infrastructure for hydrogen and avoid potential investments in new nuclear power to secure energy capacity.
Together with three other winning entries, SaltX and Rebase Energy will share EUR 1 million. The money will go towards continued development and future investments of both companies’ technologies. Discussions with the City of Helsinki will also begin concerning the development and implementation of the technology.
252 Entrants from more 35 countries submitted outline proposals in the first stage of the year-long Helsinki Energy Challenge. Ten finalists in the challenge were notified on 6 November 2020, receiving €10,000 each to continue elaborating their solution in greater detail in partnership with the City of Helsinki.
Carl-Johan Linér, CEO of SaltX Technology, said this is an important milestone for SaltX.
“It confirms that our energy storage solution can play a central role in future fossil-free cities. In the work of finalising the entry we have added even more competence to our team which we will use in our commercialisation going forward. I acknowledge and thank the City of Helsinki for being bold and showing the way for other cities.”
Read more about the SaltX entry here:
Read more about the challenge here:
About the Helsinki Energy Challenge
To find the best solutions for heating Helsinki, capital of Finland, in the future, the city of Helsinki has created the Helsinki Energy Challenge – a global competition with a prize of one million euros that will answer the question. The requirement is that the proposed solution will significantly contribute to the cessation of coal use in 2029 and accelerate the City of Helsinki’s journey to becoming carbon neutral in 2035. For more information, visit: https://energychallenge.hel.fi/
Calix is a team of dedicated people developing a unique, patented technology to provide industrial solutions that address global sustainability challenges. The core technology is being used to develop more environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater and carbon reduction. Calix develops its technology via a global network of research and development collaborations, including governments, research institutes and universities, some of the world’s largest companies, and a growing customer base and distributor network for its commercialised products and processes.
Because there’s only one Earth – Mars is for quitters. www.calix.global
About SaltX Technology
SaltX Technology is a Swedish renewable tech company that has set out to solve the problems of renewable energy supply, demand, and timing, using patented energy storage solutions based on nanocoated salt. SaltX’s goal is to develop and offer sustainable technology solutions that benefit customers, climate, and society. SaltX Technology’s share is listed on the Nasdaq First North Premier Growth Market. FNCA Sweden AB, + 468-528 00 399, email@example.com, is SaltX Technology’s certified advisor. For more information visit: www.saltxtechnology.com
About Rebase Energy
Rebase Energy provides data and digital tools for optimisation of distributed energy resources. The Rebase Datahub providers access to high quality datasets for energy optimisation such as weather, market, and asset data. The Rebase Toolkit is an open-source developer tool to forecast, optimise and simulate smart agents for energy systems. Using the Rebase data and tools energy companies can reduce forecasts uncertainty by 20% and thereby improve the balance of supply and demand. For more information visit: www.rebase.energy
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