Company profile: Electrified Thermal Solutions
1.1 - Company Overview
Company description
- Provider of electrified thermal energy storage and industrial heat solutions via the Joule Hive Thermal Battery, using electrically conductive firebricks to convert and store electricity as heat up to 1,800°C for furnaces, turbines, boilers and kilns. Delivers customized decarbonized heat for steel, cement, glass and chemicals, long-duration energy storage to balance the grid, and dispatchable load capabilities.
Products and services
- Joule Hive Thermal Battery: An industrial-grade thermal energy storage system using electrically conductive firebricks to convert and store electricity as heat, delivering high-temperature process heat with up to 1,800°C capability through its core components
- Industrial Heat Applications: Custom-engineered industrial heat assemblies leveraging the Joule Hive Thermal Battery to decarbonize processes in steel, cement, glass, and chemicals, supplying renewable electricity-derived heat to furnaces, turbines, boilers, and kilns
- Long Duration Energy Storage: A grid-scale thermal storage product using the Joule Hive Thermal Battery to store excess renewable energy as heat, then drive gas turbines and balance the electrical grid
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Electrified Thermal Solutions
Deep Cycle Battery Store
HQ: United States
Website
- Description: Provider of battery installation services, motor vehicle supplies, and new parts merchant wholesaling.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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EnergyNest
HQ: Norway
Website
- Description: Provider of large-scale thermal energy storage solutions. Offers ThermalBattery, a modular system (3–1,000+ MWh) using thermal oil or steam and designed for easy installation; Power to Steam converting off-peak electricity into on-demand steam; industrial Thermal Energy Storage and Waste Heat to Steam; and Steam to Power for CCGTs and must-run plants to time-shift production and reuse steam.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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- Acquisitions: ●●
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Linky
HQ: Sweden
Website
- Description: Provider of a Platform-as-a-Service solution, Linky, that enables companies, operators, and landowners to easily manage, maintain, and handle payments for parking and charging stations, offering a completely account-free, registration-free experience.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Forsee Power
HQ: France
Website
- Description: Provider of smart battery systems, designing and manufacturing battery solutions for electric vehicles across heavy and light vehicle markets; partners with clients worldwide to accelerate innovation with smart battery systems.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Enovix
HQ: United States
Website
- Description: Provider of advanced silicon-anode lithium-ion batteries featuring a proprietary 3D cell architecture that increases energy density while maintaining high cycle life. Offers safety technologies including BrakeFlow current regulation and Encapsulation to limit internal short circuits. Product lineup spans batteries for wearables and IoT, smartphones, and rugged portable power for military and industrial applications.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Enovix company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Electrified Thermal Solutions
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Electrified Thermal Solutions
2.2 - Growth funds investing in similar companies to Electrified Thermal Solutions
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4 - Top valuation comps for Electrified Thermal Solutions
4.2 - Public trading comparable groups for Electrified Thermal Solutions
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