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					</table><p>A Denmark-based firm, <a href="https://www.hyme.energy/" target="_blank" rel="noopener">Hyme Energy</a>, has developed a novel energy storage system that uses a type of salt known as sodium hydroxide, known to have exceptional heat storage capabilities and can withstand temperatures up to 1,292°F.</p>
<p>Hyme Energy&#8217;s storage system can store more energy by utilizing this high-temperature salt, making it more efficient than conventional systems.</p>
<p>Additionally, sodium hydroxide is cost-effective, improving the system&#8217;s overall efficiency.</p>
<p>The company said that when Hyme&#8217;s system uses heat instead of just generating electricity, it can achieve efficiencies exceeding 90%. It currently has its sights set on the industrial and residential markets that require heat.</p>
<p>Numerous potential storage solutions are being developed, including large-scale batteries and compressed air storage in underground vaults, all of which aim to ensure an uninterrupted electricity supply during low wind and solar power availability.</p>
<p>The team said this energy storage system could amass significant amounts of energy and hold it for up to 24 hours, surpassing the eight-hour discharge capability of lithium-ion storage systems.</p>
<p>Molten salt represents an alternative energy storage method, which involves heating the salts using excess energy from solar and wind sources and later utilizing the stored heat to power a turbine when there is an energy shortage.</p>
<p>Molten salt technology is already utilized in concentrated solar power systems.</p>
<p>However, a significant drawback of this method is that the most used salts, namely sodium nitrate and potassium nitrate, must reach a higher temperature, resulting in a low efficiency of approximately 70% for electricity delivery.</p>
<p><strong>Demonstration System</strong><strong> </strong></p>
<p>Hyme Energy is working on two demonstration facilities for its innovative energy storage system.</p>
<p>The first is a 1.5-MW storage unit in Esbjerg, which will be commissioned this year as an integration project to test components and system integration. The second, a larger 15-20 MWh facility, is planned for Denmark&#8217;s energy island, Bornholm, in 2024.</p>
<p>Hyme&#8217;s system uses two storage tanks and sodium hydroxide, a cost-effective and efficient salt. It will replace an oil boiler in a cogeneration plant, providing the district with steam, power, and heat.</p>
<p>Seaborg Technologies, Hyme&#8217;s sister company, has developed a corrosion control system that allows molten salt to be used in small modular nuclear reactors without causing damage.</p>
<p>If successful, this energy storage method could reduce reliance on fossil fuels and provide power during low wind and solar energy.</p>
<p>Researchers at the Fraunhofer Institute for Solar Energy Systems (ISE) have <a href="https://www.mercomindia.com/researchers-find-solar-pv-storage-systems" target="_blank" rel="noopener">developed</a> a solution that combines power from renewable sources with electricity from the public grid and uses batteries to compensate for fluctuations.</p>
<p>Earlier this month, researchers at the Shandong Academy of Medical Sciences, China, and Kyushu Institute of Technology, Japan, <a href="https://www.mercomindia.com/crab-shells-could-power-rechargeable-batteries" target="_blank" rel="noopener">claimed</a> to upcycle crab shells into porous, carbon-filled materials with various uses, including using the crab carbon to create anode materials for sodium-ion batteries.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
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<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
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Engineers Harness Sodium Hydroxide for Sustainable Energy Storage


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					</table><p>The promoters of India-based wind energy solutions provider <a href="https://www.inoxwind.com/" target="_blank" rel="noopener">Inox Wind</a> have infused ₹6.2 billion (~$75.34 million) into the company to clear its debts, the company said in a BSE filing.</p>
<p>The company&#8217;s Board had approved a proposal to raise up to ₹8 billion (~$97.2 million) funds in August this year by issuing 0.01% non-convertible non-cumulative participating redeemable preference shares on a private placement basis to the promoters&#8217; group.</p>
<p>The company said that it used the funds to clear the advances it received from its parent company Gujarat Fluorochemicals Limited (<a href="https://www.gfl.co.in/" target="_blank" rel="noopener">GFL</a>), to set up wind power capacity.</p>
<p>CEO of Inox Wind, Kailash Tarachandani, said, &#8220;The fund infusion of ₹6.2 billion by promoters along with ₹7.4 billion (~$89.9 million) recently raised through the initial public offering of Inox Wind&#8217;s subsidiary Inox Green Energy Services Limited, will help the company pare down its consolidated interest-bearing liabilities substantially and help improve the profitability of both the operating companies significantly.”</p>
<p>&#8220;The turnaround in the wind sector led by the government&#8217;s initiatives to provide impetus to the sector will augur well in accelerating the company&#8217;s growth,” Tarachandani added.</p>
<p>Further, he said that the fund infusion by the promoters signals a strong conviction and faith that the promoters have in the company, which is equally motivated to deliver on the trust and confidence.</p>
<p>Last month, Inox Wind and its subsidiary Inox Green Energy Services <a href="https://mercomindia.com/inox-wind-inox-green-energy-repay-4-billion-debts/" target="_blank" rel="noopener">repaid</a> loans worth ₹1.61 billion (~$19.56 million) and ₹2.5 billion (~$30.37 million), respectively, as part of a strategic initiative to deleverage the balance sheets. The company cleared the debts to reduce the corporate guarantees given by GFL.</p>
<p>In a bourse filing, the company had stated that both companies were in the process of reducing their debts, with Inox&#8217;s near-term goal being to deleverage all its operating entities.</p>
<p>In August this year, Gujarat-based power company Torrent Power <a href="https://mercomindia.com/torrent-power-acquires-50-mw-wind-inox-green/" target="_blank" rel="noopener">acquired</a> 100% of Wind Two Renergy from Inox&#8217;s subsidiary Inox Green Energy Services for ₹325.1 million (~$3.95 million), representing 100% of the paid-up capital of Wind Two Renergy.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
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Promoters Infuse ₹6.2 Billion to Help Inox Wind Cut Debt

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