Hyme Energy

Hyme Energy is a startup that operates in the renewable energy sector, focusing on large-scale, long-duration energy storage. The company's primary objective is to make sustainable energy more accessible by storing it in a safe, abundant, and sustainable storage material. Hyme Energy's innovative technology transforms intermittent renewable energy into on-demand power and heat, serving the energy transition at a large scale.

The company's business model revolves around deploying a scalable thermal storage technology that accelerates the decarbonization of power and heat generation. This technology is particularly beneficial for cogeneration plants and industries, as it provides a flexible storage solution. Hyme Energy stores electricity from renewable sources in the form of high-temperature heat in molten salt, allowing for flexible dispatch of heat and power.

Hyme Energy's storage capacities are in the GWh range, with 6-24 hours of discharge. This means that heat and power plants can operate 24/7 using green heat and power for industrial processes. The company is currently deploying storage solutions in several locations, with projects such as the MOSS (Molten Salts Storage) project and the repurposing of a cogeneration plant in Bornholm with energy storage.

Hyme Energy's revenue model likely involves selling their storage solutions to cogeneration plants and industries, and possibly also selling the stored energy. The company is also involved in the development of at least 6 GWh of storage in Vietnam by 2035 to support the country’s climate neutrality objectives.

Keywords: Renewable Energy, Large-Scale Storage, Sustainable Energy, Thermal Storage Technology, Decarbonization, Cogeneration Plants, Molten Salt Storage, Flexible Dispatch, Green Heat and Power, Energy Transition.