"Chief executive officer Markus Rondé said: "We are very excited about the potential applications of this technology, from process heat provision for large-scale industry to decarbonising buildings through residential heating networks. "Our system charges quickly, can store more energy at higher temperatures than other systems, with less thermal energy loss, and is easily transported and installed with minor disruption of the user’s site. "In my view, this technology is a game changer in the race to net zero, as we believe that we will be able to offer a commercially viable pathway to decarbonisation to industrial energy users within the next few years."

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