Climate and Clean Tech | December 7, 2021

Denmark’s Hyme raises $12 million to store energy in ‘molten salt’

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, December 7 – Copenhagen-based nuclear startup Seaborg Technologies, which is developing molten salt reactors as part of a new wave of nuclear technology, discovered a way to use the thermal technology to store wind and solar power.

“We can more than halve the cost of thermal energy storage in one go,” said Seaborg co-founder Ask Emil Løvschall-Jensen. Seaborg this month spun-off Hyme to develop the technology.

Hyme’s early funding round was backed by Heartland A/S, the investment arm of Danish billionaire Anders Holch Povlsen. It will use the capital to build a pilot facility.