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Kyoto: listed with a market value of 400MNOK

  • Sector: Infrastructure
  • Date: March 24, 2021

  • Company: Kyoto utvikler en innovativ conteinerbasert løsning for termisk energilagring, for å generere damp etter behov i industrielle prosesser.

Today, Kyoto Group AS was listed on Euronext Growth, at Oslo Stock Exchange, under the ticker “KYOTO”. 

Kyoto aims to capture and manage the abundant energy from variable renewable sources such as solar and wind power and apply it to reduce the CO2 footprint for industrial thermal loads. The Company plans to operate and sell the thermal batteries HeatCube with capacity from 5MW and upwards, enabling industrial consumption of low-cost heat sourced from excess solar and wind energy. We offer a solution by loading batteries with heat made from cheap green electricity at night, to be used for later, when electricity is expensive, says Christian Blom, CEO at Kyoto.

Kyoto has successfully raised NOK 150 million in relation to the listing in Oslo, which will be used to fund execution of the company’s initial commercial project pipeline, build-up of the organization, R&D and technical development, business and market development, and general corporate purposes. Heat storage represents a growing multi-billion USD market opportunity and Kyoto is well positioned to become a market leader, Blom concludes.