SaltX signs joint development agreement with German partner

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– Steinmüller will build a pre-commercial Thermal Energy Storage based on Nanocoated Salt

The energy storage company SaltX Technology – listed on Nasdaq First North Premier – enters a joint development agreement with Steinmüller Engineering GmbH (Steinmüller) to build a Thermal Energy Storage based on Nanocoated salt. The partners enter a joint development plan where the first step is to build a pre-commercial pilot during 2020, preferably on the German market.

Steinmüller is a European engineering company of large-scale power plants to utilities and industries. They are now planning for the “energiewende” - a program for transition into renewables in Germany - and they believe that Thermal Energy Storage based on Nanocoated salt can be an important part of the solution. 

“We see that SaltX proprietary technology to store energy in Nanocoated salt offers a very promising future that we are now in the process of exploring further within our energy storage solutions", says Benedikt TressnerDepartment Manager Consulting of Steinmüller Engineering

The partners will identify potential customers during the fall of 2019 with the goal to commence and build a pre-commercial system during 2020. 

"I am very proud to announce the partnership with Steinmüller, a very competent partner that will help us commercialize EnerStore on the German market. The pilot at Vattenfall in Berlin was an important step that took us in the right direction. The next step is to learn from that pilot and build pre-commercial pilots together with strategic partners on key markets", says Carl-Johan Linér, CEO of SaltX Technology.

For further information, please contact:
Carl-Johan Linér, CEO of SaltX Technology, tel +46-70 532 08 08

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Steinmüller Engineering GmbH (Steinmüller)
Steinmüller is a European engineering company of large-scale power plants to utilities and industries. Steinmüller also does energy efficiency improvement and modernization of those plants. It was founded in 2003 in Gummersbach, Germany and is since 2015 wholly owned by IHI Corporation. https://www.steinmueller.com/en/home.html

About SaltX Technology
SaltX Technology develops and sells a patented energy storage technology based on Nanocoated salt. SaltX Technology's share is listed on Nasdaq Stockholm First North Premier. FNCA Sweden AB, +46-8-528 00 399, info@fnca.se, is SaltX Technology's certified advisor. For more information, visit: www.saltxtechnology.com

Stockholm, June 28, 2019