Danish Startup Gets Billionaire Backing to Store Energy in Salt
Photographer: Chris Ratcliffe/Bloomberg
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A startup developing a technology to store energy in molten salt has raised about $12 million from backers, including Denmark’s richest man.
Hyme will spend some of the money on a pilot plant to find new ways to store unused electricity from wind and solar, Chief Executive Officer Ask Lovschall-Jensen said in an interview. And the Danish company is already considering another financing round “to ensure that we can head toward global deployment,” he said.