Alfa Laval, a global leader in heat transfer, centrifugal separation, and fluid handling, has announced a strategic joint venture agreement with Aalborg CSP, a concentrated solar power technology company. This partnership will focus on the development of Long Duration Energy Storage (LDES) solutions.
The increasing importance of energy efficiency and renewable energy sources in decarbonization efforts is evident. Solar PV and wind energy are expected to double in the next five years, contributing nearly 20 percent of global power generation by 2027. However, the intermittent nature of these renewable energy sources poses challenges in meeting peak demand consistently.
Energy storage plays a critical role in ensuring grid stability and addressing the intermittent availability of renewable energy. Various organizations, including the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), and the LDES Council, project significant investments in energy storage before 2030.
To address this need, Alfa Laval and Aalborg CSP have come together to enhance their competence, product development, and application knowledge in molten salt heat exchanger technology. This collaboration aims to drive advancements in long duration energy storage heat exchanger solutions.
The joint venture, named Alfa Laval Aalborg Header-coil A/S, will allow Alfa Laval to expand its expertise and product offerings in molten salt heat exchanger technology. The agreement was signed in May, marking an important milestone in their pursuit of innovative and efficient energy storage technologies.
Thomas Møller, President of the Energy Division at Alfa Laval, expressed enthusiasm about the partnership, stating that it is a significant step towards achieving their shared vision of a sustainable energy future. Møller believes that combining knowledge and resources is crucial in addressing the major challenges faced in the industry.
Svante Bundgaard, CEO of Aalborg CSP, also emphasized the importance of long duration energy storage in the renewable energy system of the future. Bundgaard sees the partnership with Alfa Laval as an opportunity to scale their business and meet the increasing demand for sustainable energy storage solutions.
In addition to addressing the need for energy storage, Alfa Laval and Aalborg CSP are aligned with the goals set forth in the Paris Agreement. The focus on energy efficiency and renewables aligns with the targets for reducing carbon emissions and transitioning to a sustainable energy system.
Alfa Laval is a company dedicated to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. With their innovative technologies in heat transfer, centrifugal separation, and fluid handling, they contribute to improving energy efficiency, heat recovery, water treatment, and reducing emissions.
Aalborg CSP, on the other hand, is a leading developer and supplier of renewable technologies. They design and supply green solutions and integrated energy systems based on solar power, energy storage, heat exchange, and more.
Both companies emphasize their commitment to research and development activities, working with external partners to continuously create innovative and sustainable technologies. Aalborg CSP offers a wide variety of renewable energy solutions, including energy storage, solar panels, heat pumps, boilers, and customized Power-to-X solutions.
With this new partnership, Alfa Laval and Aalborg CSP aim to leverage their expertise and resources to advance the development of long duration energy storage solutions. They believe that collaboration and technology advancements are key to achieving a sustainable energy future.
