The European Association for Storage of Energy (EASE) is glad to extend a warm welcome to its newest member, Texel Energy Storage, who joined EASE in October 2019. Mr Jacobsson, CEO at Texel Energy Storage, accepted to discuss with us TEXEL’s expertise in energy storage and expectations from this collaboration with EASE.
EASE: Mr Jacobsson thank you very much for accepting this interview. We are very happy to have Texel Energy Storage among our members and we would like to know more about your activities in the sector. Could you summarise the most interesting insights from Texel Energy Storage’s work for energy storage in Europe?
TEXEL has developed a new thermochemical battery in co-operation with the U.S. Department of Energy and one of their national laboratories, Savannah River National Laboratory (SRNL), and last year TEXEL signed an exclusive license agreement for the technology. By combining the thermochemical battery with TEXEL’s highly efficient and unique Stirling converter, developed by Ford Motors, the stored energy is converted to electricity and heat when needed. The TEXEL battery is much more cost-effective than other technologies, such as Lithium-Ion, in large scale energy storage or battery needs. The technology’s energy density is today comparable to Lithium-Ion but is expected to increase dramatically during the years to come. However, the technology does not target the market for smaller applications, like cars and down to laptops or smartphones. In addition to being extremely cost-effective, the battery does not include any rare earth minerals, is 100% recyclable and as the battery is working in a closed and circular process the battery does not consume any of our planet’s resources.
EASE: We look forward to a very fruitful collaboration with you and to receive Texel Energy Storage’s inputs for our Working Groups and Task Forces. What created the interest from your company to join EASE?
As we all know we are now entering a huge energy transition where energy storage is key. We do not believe that there only will be one technology in the future market and therefore it is important that the decision makers have information about all different technologies to make future and important decisions. Around this transition, new regulations will be made, and it is significant that those regulations are taking all different kinds of technical solutions into consideration.
EASE: What is your vision for how storage can contribute to the energy transition?
As mentioned above, energy storage is the most important key to turn away from fossil fuels, but when we are making the energy transition, we also need to make sure we are not creating new problems for future generations. This is why we need sustainable solutions so that we are not once again consuming our planet’s valuable resources.