TEXEL and AltaSea to bring urgently needed new energy storage technology to the California market

AltaSea, at the Port of Los Angeles was founded with the primary purpose of accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation. On 30th January 2022, AltaSea signed an agreement with TEXEL Energy Storage to demonstrate a large new scale energy storage/battery technology with the purpose to cover three different important market segments. AltaSea, at the Port ofLos Angeleswas founded with the primary purpose of accelerating...

AltaSea, at the Port of Los Angeles was founded with the primary purpose of accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation. On 30th January 2022, AltaSea signed an agreement with TEXEL Energy Storage to demonstrate a large new scale energy storage/battery technology with the purpose to cover three different important market segments.

"We are happy and proud to announce the collaboration with AltaSea, as our joint mission is to find technology solutions to replace the usage of fossil fuels, decrease CO2 and by doing so prevent further global warming. This is an urgent matter, and we need to bring solutions to the market now, not tomorrow," said Lars Jacobsson, founder and CEO of TEXEL Energy Storage.

TEXEL and AltaSea will work together to bring in commercial stakeholders, such as utilities, to demonstrate the long duration energy storage solution. The aim is to demonstrate TEXEL's technology in three consecutive steps, where each step has a specific role in the future energy market.           

"One of our research and commercialization clusters is focused on renewable energy from waves, offshore wind, and other ocean-related sources, so finding new ways to store and use that energy efficiently is a key goal for AltaSea," said Terry Tamminen, President/CEO of AltaSea. "As our state and the world experience the growing challenges of climate change and other natural disasters, we urgently need innovation in energy storage that makes us more self-reliant and resilient, such as the TEXEL technology."

"TEXEL and AltaSea look forward to a fruitful cooperation as they progress to bring TEXEL's new long-duration energy storage technology to the market. We are now engaging in discussions with other partners across California to deliver this exciting solution," added Jacobsson.

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