Cleantech startup Exergy3 announced that it has raised £10 million (USD$13.5 million) in a seed […]
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Exergy3 Raises $13.5 Million to Decarbonize Industrial Heat with Unused Renewable Energy
Abatify Summary
Nature & Climate Perspective
**Exergy3’s high-temperature thermal storage transforms intermittent renewable energy into a continuous decarbonization tool for hard-to-abate industrial sectors. **
- Mitigates the ecological impact of grid overcapacity by capturing curtailed renewable energy, thereby improving the net efficiency of existing wind and solar assets.
- Reduces the carbon intensity of industrial thermal processes, which traditionally rely on high-emissions natural gas or coal-fired boilers.
- Enhances long-term environmental stability by reducing the reliance on fossil-fuel-based 'peaker' plants during periods of high industrial demand.
Market & Policy Outlook
**This technology directly facilitates SBTi-aligned Net-Zero pathways by providing a scalable solution for Scope 1 industrial heat decarbonization. **
- Aligns with ICVCM Core Carbon Principles (CCPs) by ensuring 'Additionality'—capturing energy that would otherwise be wasted due to grid constraints to create high-integrity carbon credits.
- Increases financial liquidity for renewable energy developers by providing a secondary offtake market for excess power, potentially influencing I-REC market dynamics.
- Supports corporate compliance with the Carbon Border Adjustment Mechanism (CBAM) and LEED industrial standards by lowering the embodied carbon of manufactured goods.
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