Sumitomo Heavy Industries (SHI) and Highview Power are pleased to announce that the two companies have partnered to expand cryogenic energy storage projects. This investment will accelerate growth and deployment of CRYOBattery™ energy storage projects globally.

“One of the biggest barriers to a carbon-free future has been the ability of renewables to perform as reliably as, and as cost-effectively as traditional fuel sources. Highview Power’s long-duration energy storage technology not only solves the problems that enable dispatchable renewables but will be a catalyst in bringing the energy transition forward. SHI has been able to operate for over a hundred years because of our dedication to innovation and ability to adapt to changing markets, and with this partnership, we believe that SHI/SFW is well-positioned to drive our leadership position in energy markets of the future,” stated Tomas Harju-Jeanty.

Please find the full article here.