Calix technology to be piloted in novel energy storage system with Swedish company, SaltX
• Efficient, low cost energy storage systems have been identified as a key enabler in electricity network decarbonisation efforts and are a fast-growing, multi-$b market1 • SaltX (https://saltxtechnology.com/) (Nasdaq First North: SALT B) is a leader in the development of a novel salt-based energy storage system • Calix’s electric-powered kiln technology has been identified as a high potential addition to the SaltX technology • A pilot project, funded by SaltX and in partnership with Calix and Sumitomo SHI FW, will develop a 200 kW energy storage system and test it over FY22 • If successful, scale-up to a megawatt-scale, small commercial system would follow, along with commercial arrangements to exploit the technology • The opportunity is yet another application for Calix’s core kiln technology, especially our electric-powered version, where we are seeing accelerating interest across multiple industries as they try to decarbonise traditional heating processesCXL CXL
