Holcim invests in Electrified Thermal Solutions’ technology turning bricks into batteries
- Investment by Holcim MAQER Ventures to scale up breakthrough renewable energy storage system
Holcim has invested in Electrified Thermal Solutions, a startup with innovative brick battery technology, to expand its range of clean energy solutions. The investment, made through Holcim MAQER Ventures, is intended to scale up Electrified Thermal Solutions’ Joule Hive Thermal Battery, a high-temperature energy storage system. The startup plans a commercial demonstration in 2025 before rolling it out globally.
Nollaig Forrest, Chief Sustainability Officer, Holcim: “The team at Electrified Thermal Solutions has developed an innovative technology that turns bricks into batteries. With our investment, we look forward to scaling up this clean energy solution across our operations to accelerate the shift to sustainable building at scale.”
Founded in 2020, Electrified Thermal Solutions has built on a decade of research and development at MIT to create a firebrick battery that can store electrical energy at ultra-high temperatures. Holcim’s investment follows its recent investments in Sublime Systems, a leading ultra low-carbon cement technology startup and in Paebbl, an advanced mineralization technology startup. Through Holcim MAQER Ventures, the company works with hundreds of startups worldwide to scale up the most innovative technologies.
About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Our 63,000 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems.
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Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.
