The signed Heat-as-a-Service agreement with KALL Ingredients builds on the letter of Intent reported by Kyoto on a no-name basis on
The 15-year HaaS agreement outlines the commercial conditions for delivering high quality steam to one of the newest corn processing plants in
"We are proud to meet KALL's strict requirements while actively contributing to their ambitious objectives of reducing CO2 emissions. We are looking forward to demonstrating the second generation Heatcube capabilities to the world, including the recently announced round-trip-efficiency of 93%, the rapid ramp-up and decoupled charge & discharge, designed to also serve as a flexible asset for the grid, and not the least the digital DataOps platform supporting the operations & maintenance of Heatcube." stated
The partners have established a Hungarian legal entity (SPV) that has entered into the Heat-as-a-Service agreement with KALL, with Kyotherm as the majority investor, Energiabörze, as the minority investor.
Kyotherm, a global investment company specialized in co-developing, financing, and operating decarbonization projects in the field of low carbon heat and energy performance, continues its growth trajectory and was recently backed by a
"We are honored to be part of such an excellent team, with
"Thanks to the excellent collaboration with our distinguished partners we can enable KALL Ingredients to decarbonize while also reducing their energy cost. In addition to offering green steam for KALL's industrial processes, Heatcube provides balancing services for the energy system in
KALL Ingredient's Heatcube will reduce the current natural gas supply and is designed with 56 MWh of storage capacity, offering an annual capacity of more than 30 GWh. This will result in a CO2 reduction of up to 8,000 tons annually.
Ádám Sass, Strategic Director of KALL Ingredients Kft, says: "We are proud of our state-of-the-art corn processing plant and pleased to add innovative cleantech solutions to our infrastructure that is capable of meeting the strict requirements in our industry. Our aim is to rely entirely on sustainable energy in the future while ensuring lower energy costs. Kyoto's Heatcube will provide us with a stable, high quality and cost-effective supply of green steam and we are excited to get started with this project."
Heatcube at KALL Ingredients will operate as an asset in the flexibility markets and utilize intermittent renewable energy whenever available while supplying a constant flow of steam for industrial production. Energiabörze, a Hungarian electricity trader operating in the wholesale and regulatory areas of the electricity market since 2013, will be responsible for this activity in the SPV.
"In
The joint project execution team and plan has been established and the parties plan to install the Heatcube within the next 12 months, with commissioning and final hand-over to KALL Ingredients in
Kyoto will present this case in our upcoming Capital Markets Day on 28th
For further information, please contact:
havard.haukdal@kyotogroup.no
+47 48 10 65 69
About
Heat accounts for two thirds of industrial energy consumption. Traditionally, nearly all of it is based on fossil fuels.
About KALL Ingredients Kft
KALL Ingredients Kft. is a Hungarian-owned company and one of the newest corn processing plants in
About Kyotherm
Kyotherm is a European Energy-as-a-Service investment company and energy producer investing worldwide dedicated to renewable heating and energy efficiency projects, with varied technologies including solar thermal, biomass, geothermal, storage and waste heat energy as well as district heating networks and installations allowing reduced energy consumption. As of
About Energiabörze Kft.
Energiabörze is a Hungarian aggregator and energy trading company who has developed and owns its innovative production control and trading solution. Energiabörze supports the boom of renewables with their integration into the Hungarian electricity system by their aFRR regulation. The portfolio covers own and partner conventional cogen-, PV-, and biogas power plants, waste incinerators, batteries, as well as heat storages. www.energiaborze.hu
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