ENERGYNEST AS

Their core work

ENERGYNEST AS is a Norwegian technology company that develops industrial thermal energy storage systems — essentially large-scale "thermal batteries" that capture and store heat for later use in industrial processes. Their core product converts surplus or low-cost energy (including renewable electricity) into stored heat, which can then be discharged on demand to replace fossil fuel-based heating in industrial settings. This directly reduces greenhouse gas emissions and improves energy flexibility for energy-intensive industries. They are a product company, not a research lab — they have moved from feasibility study to full commercial development within their H2020 trajectory.

What they specialise in

How they've shifted over time

ENERGYNEST's H2020 journey follows a textbook deep-tech scale-up arc. Their 2016 TEStore project was a Phase 1 feasibility study — a small €50K grant to validate the technical and commercial concept of thermal energy storage, with no detailed keywords recorded, suggesting the idea was still being defined. By 2019, they had clearly crystallized their product concept: HEAT2VALUE introduced precise technical language — "thermal battery," "thermal energy storage," "greenhouse gas reduction" — and secured a €1.4M Phase 2 grant for full development and market preparation. The shift is not a change in direction but a sharpening of focus: from a broad thermal storage idea to a specific industrial thermal battery product with climate credentials.

ENERGYNEST is on a commercialization trajectory — they have moved past R&D and are building a market-ready industrial thermal battery, making them a potential technology supplier rather than a research partner.

How they like to work

ENERGYNEST has acted exclusively as project coordinator across both H2020 projects, indicating they drive their own technology agenda rather than joining others' consortia. The absence of recorded consortium partners suggests they ran lean, company-led projects — typical for SME Instrument grants, which are designed for single-company innovation. This profile suggests they are self-directed and selective: a good fit for partnerships where they bring a defined technology component, less suited for large open-ended research consortia.

ENERGYNEST has no recorded consortium partners or cross-country collaborations in the H2020 data, consistent with their use of the SME Instrument scheme, which funds individual companies rather than multi-partner consortia. Their network visibility through EU projects is limited, though their technology niche likely connects them to industrial energy buyers and EPC contractors outside the project data.

What sets them apart

ENERGYNEST occupies a specific and commercially valuable niche: they are one of very few SMEs that have built a proprietary modular thermal battery explicitly designed for industrial-scale heat storage and decarbonization — and they have validated it through the full EU SME Instrument pipeline. Unlike university spinouts still in the lab, ENERGYNEST is a product company that has completed a funded feasibility study and a multi-year commercial development project. For industries facing carbon reduction mandates — steel, chemicals, food processing, district heating — they represent a deployable solution, not a research project.

Highlights from their portfolio

• HEAT2VALUE
  Their flagship project — a €1.4M SME Phase 2 grant running 2019–2023 — represents full commercial development of their thermal battery, making it the clearest window into what ENERGYNEST is actually bringing to market.
• TEStore
  The 2016 Phase 1 feasibility grant that validated the core thermal energy storage concept and directly enabled the larger HEAT2VALUE investment — the origin point of their technology commercialization path.