Unlocking the largest behind-the-meter energy storage opportunity
Modernizing the power grid with energy storage for the built C&I environment
Investment Highlights
Boosting C&I buildings’ efficiency, and providing demand flexibility to the grid,
with safe, cost-effective energy storage, ready for retrofitting at scale
25% of total infrastructure costs serve only the top 10% of demand, all of which can be avoided by smart, grid-interactive load management, saving billions in state and local infrastructure costs
Behind-the-Meter energy (BTM) storage provides demand flexibility, needed by the power grid for integrating renewables and resilience. But currently only 7% of all new storage is BTM, and only 1% in the C&I segment
Space cooling accounts for half of grid peak loads and the biggest opportunity for shifting demand with Behind-the-Meter energy storage
Turning the problem to a solution: cold energy storage technology, designed for retrofitting the existing building stock and can be rapidly deployed, at scale
Grid-interactive buildings can reduce the need for costly generation and transmission infrastructure upgrades and save the U.S. electric power system $8-$18 billion annually by 2030, with cumulative savings of $100-$200 billion from 2021 to 2040
A quarter of a million of eligible buildings in the US., approximately 25% of the total commercial real-estate space
About
Nostromo Energy
Nostromo Energy unlocks the largest market for behind-the-meter energy storage, with its revolutionary ice-based energy storage solutions for both existing and new commercial and industrial buildings. This solution helps buildings reduce energy costs while providing demand flexibility and storage capacity to the power grid to flatten the load, optimize power generation sources, and defer infrastructure upgrades. The Nostromo IceBrick® energy storage system uses ice to store energy for space cooling when electricity is cheap and clean, and the grid has the surplus capacity. It discharges the energy during peak hours when electricity is expensive and polluting, and the grid capacity is stretched out. This way, Nostromo promotes grid modernization and efficiency, helping secure affordable and reliable electricity for all consumers. The IceBrick® technology is non-flammable, modular, and compact, and can be easily retrofitted to existing commercial and industrial buildings.
The Problem.
C&I is only 1% of Total Storage (2021-2022)
Commercial and industrial facilities account for more than 60% of all electricity use, but only 1% of energy storage installations.
Achieving a reliable and efficient energy system requires flexible demand, based on behind-the-meter energy resources, which are operable interactively with the power grid. Grid-interactive storage in buildings provides it the flexibility it needs to optimize resources and to overcome growing gaps in infrastructure.
On-site energy storage is a compelling solution for C&I facilities, helping them reduce energy costs and prevent local power supply disruptions. Yet, and although they consume more than 60 percent of all electricity use in the U.S., only 1% of new storage is installed in this segment, mainly because of the safety concerns with lithium-ion batteries.
Vision
Enabling affordable and reliable energy with ice-based energy storage technology.
We see a future where safe, large-scale energy storage technologies enable large commercial and industrial electricity consumers to become strategic partners of the power system, helping it balance and optimize supply and demand to maintain an affordable and reliable power supply. Where users become givers and reliable energy storage solutions pave the way towards a harmonious grid where more energy can move freely in all directions and all resources participate to maximize efficiency and eliminate waste. Thermal energy storage is just the beginning.
Financial Reports & Presentations
Leadership