Ørsted, a leading global clean energy company, and Newlab, a deep tech innovation hub, announced a new partnership to launch the Future Energy Storage Studio, a program that will engage start-ups, industry leaders and other innovation partners to advance early-stage energy storage technologies. The announcement came during Newlab’s New Climate Futures event as part of New York Climate Week.
The mission of the Future Energy Storage Studio is to scale up novel energy storage solutions for longer-duration and larger-scale applications. Ørsted and Newlab’s program will prioritize a broad spectrum of energy storage capabilities, including power-to-power technologies, long duration thermal storage to decarbonize industrial heat, and safe alternative chemistry batteries without lithium-ion. The Future Energy Storage Studio will accelerate a coordinated response across the full technology value chain through innovation, high impact pilots, and accessing public funding in three key avenues: infrastructure, projects, and research. Furthermore, it aims to create investment opportunities for innovative startups.
With the launch of the Future Energy Storage Studio, Newlab and Ørsted have initially selected five high-performing startups along with a zinc consortium from a pool of over one hundred early-stage energy storage technology providers.
Electrified Thermal Solutions is pleased to be one of the selected organizations.