Skip to content

Danish Startup Gets Billionaire Backing to Store Energy in Salt

Testing The World's Biggest Wind Turbine

Photographer: Chris Ratcliffe/Bloomberg

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.