TEXEL Energy Storage AB
TEXEL is developing cost effective, sustainable and circular hybrid energy storage / batteries and energy production solutions. In combination with renewable energy the TEXEL technology is not only cost competitive to fossil fuels, but as well competitive in terms of energy distribution, 24 hours a day, 7 days a week, 365 days per year.
TEXEL has an exclusive license agreement on a new battery / energy storage solution with US Department of Energy (DOE) and Savannah River National laboratory (SRNL), This new technology in combination with the Stirling Engine, the company bought in 2010, developed by Ford Motors and the military submarine company Kockums, turned out to become the perfect match. The TEXEL technology was later appointed “the success story beyond lithium batteries” at the DOE, X-Labs, Stanford energy storage summit at SLAC in Silicon Valley.