Sumitomo invests in Highview’s cryogenic concept

1 April 2020

Sumitomo Heavy Industries and Highview Power, developer of CRYOBattery liquid air based technology for long duration energy storage, have announced that they are partnering to “expand cryogenic energy storage projects globally.”

Above Image: Highview Power’s CRYOBattery


As part of this partnership, Sumitomo Heavy Industries has invested USD $46 million in Highview, signifying Sumitomo’s “move into the clean energy storage market”, while Highview Power says the new partnership will “accelerate its global growth initiatives.”

SHI’s wholly owned subsidiary Sumitomo SHI FW (SFW) will become SHI’s technology centre and hub for the CRYOBattery business, “thereby expanding the technology’s geographical footprint in Europe, Asia, and the Americas.”

Shaun Dean, vice president, Sumitomo Heavy Industries, and Tomas Harju-Jeanty, CEO, SFW, will join the board of Highview Power.

“Highview Power’s long-duration energy storage technology not only provides the solutions that enable dispatchable renewables but will be a catalyst in bringing the energy transition forward”, said Tomas Harju-Jeanty, while Javier Cavada, president and CEO of Highview Power, said Highview was “proud to have a partner like Sumitomo Heavy Industries next to us as we further our global expansion.”

Linkedin Linkedin   
Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.