EnergyNest has developed a breakthrough Thermal Battery solution that enables a step-change in improved efficiency, flexibility, and environmental performance within the power and industrial manufacturing sectors. Our Thermal Battery system’s market is estimated to be greater than 7 billion € per year in Europe and tens of billions of euros per year globally. By storing energy in the form of heat rather than electricity, our technology unlocks a vast new market that has so far been largely overlooked. By using our Thermal Battery industrial manufacturers and power plants will realize strong business cases with IRRs in the range of 20–40%. Moreover, the potential cumulative CO2 savings for these two sectors is greater than 500 million tons between 2020-2040.