Release date: 16 December 2024
Promoter – Financial Intermediary
RONDO ENERGY INCLocation
Description
The project consists of the deployment of the European demonstration pipeline of RONDO's power-to-heat energy storage solution to decarbonize industrial heat supply. It includes the construction and operation of three Rondo Heat Batteries (RHB100) with 100MWh storage capacity each in Denmark, Portugal and Germany and the related research and development activities.
Objectives
RHB is an innovative power-to-heat solution to decarbonize heat supply by storing electricity produced by variable RES in the form of heat and ensuring continuous heat supply for utility and industrial use
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 78 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 11/12/2024
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).