Elstor Oy

Company Description

(Slush 2024 booth: #i9) We are a world front-runner in commercial deployments of Thermal Energy Storages for emission-free steam ad heat generation. We also had one of the world's first running Power-to-Heat thermal energy storages in commercial operations, now already 36 months replacing gas. 9 units sold and 4 in commercial industrial use replacing oil and gas, and 5 new ones will be started-up in 10 months period. GWh scale emission-free steam produced has brought over 1000 tons of C02 reductions, and significant demand response to the grids. Climate tech with financial gains. Industrial heat has been seen as difficult to decarbonize due to challenges of cost, continuity, and temperature. Decarbonizing industrial heat is a trillion-dollar market requiring far more storage than the electric grid. Elstor emission-free steam and heat solution cost-efficiently by innovative patented Power-to-Heat thermal energy storage. We want to make a major climate impact globally and for that we look for partners (capital investors and/or industrial partners with global reach). Over 36 months of successful pilot solution commercial operations has proven our innovations' performance over the critical criterias: 1. Reliability 2. Steam quality 3. Operational cost-savings 4. Zero emissions 5. End-user workforce happiness for the fully automatic system Currently world-wide, industrial steam & large portion of heat is produced by burning oil, natural or liquid gas, since there has not been more economical ways to generate them. Our earning-logic: 1) We sell steam/heat solutions, or, 2) We produce steam and heat for our customers - SaaS (Steam-as-a-Service), and 3) Demand response as an additional bonus income. Financial gains in climate solutions. As the climate change does not wait, we need to act firmly and fast.