Brief: SaltX Signs Alliance Agreement With Inerco

SaltX Technology Holding AB (publ)

23/07/2019 07:04

July 23 (Reuters) - SaltX Technology Holding AB  SALTb.ST :
    * SALTX SIGNS ALLIANCE AGREEMENT WITH INERCO
    * INERCO WILL DEVELOP AND BUILD A LARGE-SCALE THERMOCHEMICAL ENERGY STORAGE SOLUTION BASED
ON
NANOCOATED SALT
    * PARTNERS ENTER A JOINT DEVELOPMENT PLAN WHERE FIRST STEP IS TO BUILD A PRE-COMMERCIAL
PILOT IN
MEGAWATT SCALE DURING 2020.
    * GOAL IS TO LOWER DEPENDENCY ON FOSSIL FUELS AND INCREASE FLEXIBILITY OF THERMAL AND
RENEWABLE
POWER PLANTS
    * TARGET MARKETS FOR ALLIANCE WILL INITIALLY BE SPAIN, PORTUGAL, CENTRAL AND SOUTH AMERICA
AND
MEXICO

Source text for Eikon:  ID:nWkr8vf5Q 
Further company coverage:  SALTb.ST 

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