Electrified Thermal Solutions

Overview
News
Alternative Energy?
Product stageSegments
Minimum Viable Product
?
Stationary energy storage
?

Electrified Thermal Solutions (ETS) develops electricity-to-thermal energy solutions based on years of research at MIT.

ETS’s flagship offering is the Joule Hive thermal battery (JHTB) which is an electrically-conductive firebrick. Electricity from renewable and intermittent sources such as wind and solar are converted and stored in the JHTB in the form of heat, which can then be used to generate near-flame temperatures for industrial processes. Apart from being used as a heating solution for industries, the JHTB can also be used to provide hot air for gas turbines, and as low-cost energy storage alternative to li-ion batteries.

According to the company, the JHTB is made from common commodity materials while its 3-in-1 composition of heating element, thermal storage media, and heat exchanger, eliminates the need for traditional heating elements.

Key customers and partnerships

In February 2024, ETS in partnership with SwRI, reported plans to build and operate the first commercial-scale pilot of its JHTB at its industrial demonstration facilities in San Antonio, Texas.

Funding and financials

In February 2024, ETS along with industrial partners 3M, Buzzi Unicem USA, and Amy’s Kitchen received an undisclosed amount of funding from the US Department of Energy. The company intended to use the funds to build and operate the first commercial-scale pilot of its JHTB. Prior to this, in May 2023, ETS it secured USD 100,000 in grant funding from MassVentures.

HQ location:
407R MYSTIC AVE., UNIT 32A Medford MA USA
Founded year:
2021
Employees:
1-10
IPO status:
Private
Total funding:
USD 23.8 mn
Last Funding:
USD 19.0 mn (Series Unknown; Dec 2024)
Last valuation:
USD 14.5 mn (Jul 2022)
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