Energy Storage

What Energy Storage does

Energy Storage Pty Ltd is an Australian privately held company headquartered in Surfers Paradise, Queensland, that develops zero-emission clean energy thermal technologies for industrial and utility customers. Its product portfolio centres on two complementary systems: the TORC (Thermal Organic Rankine Cycle) unit, a closed-loop system using a non-toxic organic working fluid to convert low-temperature waste heat (optimum ~150°C, below 250°C) from industrial processes into electricity; and a Phase Change Materials (PCM) battery system for long-duration thermal energy storage in the 100-200°C intermediate temperature range, intended to dispatch heat or electricity on demand from renewable inputs. An integrated solution combining both products is also marketed as a turn-key package for base load, dispatchable renewable power.

The company targets three customer segments: Commerce & Industry (particularly mining and heavy industry, often in remote diesel-dependent sites), Variable Renewable Energy providers needing long-duration storage to deliver 24/7 power, and Utilities requiring utility-scale alternatives to pumped hydro. Its go-to-market is direct enterprise field sales with bespoke, site-specific turn-key deployments; pricing is not publicly disclosed and revenue is generated through capital equipment sales or long-term contracts. Core technology was developed with Monash University and Deakin University under an Australian Research Council Linkage Project grant, with manufacturing partnership through g-TET for the ORC turbine. The company has lodged patent filings on its PCMs and is pursuing capital through an ICMA Green Bond Principles-compliant Green Bond offering. As of the latest available inputs, the first "Champion PCM" is still under cycle testing and no commercial deployments, revenue, or named customers have been disclosed.

Name

Energy Storage

Legal name

Energy Storage Pty Ltd

Website

https://energystoragepl.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Energy Storage Pty Ltd is an Australian clean energy technology company that develops Phase Change Material thermal storage and Organic Rankine Cycle waste-heat-to-power systems, delivering turn-key zero-emission energy solutions to mining, heavy industry, renewables, and utility customers.

Ownership category

akta.pro rank

Product category

Thermal Energy Storage Systems

NAICS

Electric Power Generation (22111), Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433), Industrial Process Furnaces & Ovens (3567), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Phase-Change Material (PCM) Thermal Storage (Encapsulated, Building-Integrated) (EUAFANAD)

akta.pro secondary industries

Industrial Process Heat TES (Steam, Kilns, Furnaces, Waste-Heat Coupling) (EUAFANAI), TES Components & Balance-of-Plant (Heat Exchangers, Tanks, Insulation, Pumps, Valves) (EUAFANAL)

Keywords

• Thermal energy storage
• Waste heat recovery
• Phase change materials
• Organic rankine cycle
• Clean power generation

Headquarters

HQ city

Surfers Paradise

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Turn-key Clean Energy Solutions: Delivery of IP-protected zero emission turn-key clean energy power generation and energy storage solutions to Commerce & Industry as well as renewable energy companies and utilities. Revenue generated through solution deployment, likely as capital equipment sales or long-term contracts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Energy Storage Pty Ltd develops and deploys zero-emission thermal energy storage and power generation systems for industry and utilities. Its offerings combine proprietary Phase Change Materials (PCM) thermal batteries with a Thermal Organic Rankine Cycle (TORC) system that captures low-temperature waste heat (as low as 80°C, optimum 150°C) from industrial processes and converts it into clean, on-site electricity or stores renewable energy for dispatch as thermal or electrical supply. Solutions are delivered as turn-key, onsite installations to Commerce & Industry, renewable energy companies, and utilities.

Product overview

Energy Storage Pty Ltd offers a portfolio of zero-emission clean energy technologies centered on proprietary thermal energy management. The core portfolio comprises three interconnected offerings: the TORC System (Thermal Organic Rankine Cycle), a power generation solution that converts low-temperature waste heat from industrial processes into electricity; the PCM Battery System, a long-duration energy storage solution using Phase Change Materials; and an Integrated Solution that combines both technologies. The TORC and PCM systems work together as a unified platform enabling the commercial & industry sector, renewable energy companies, and utilities to achieve clean base load power with zero emissions. The company positions this integrated approach as the key component for creating the world's cheapest base load deployable renewable energy storage and supply system.

Differentiator

Problem solved

Functional benefit

Products and services

• TORC System (Thermal Organic Rankine Cycle Power Generation) Closed-loop Organic Rankine Cycle (ORC) system that captures low-temperature waste heat (below 250°C, optimum 150°C) from commercial and industrial operations and converts it into clean zero-emission electricity using a non-toxic organic working fluid that drives a turbine. Developed in partnership with g-TET.
• PCM Battery System (Phase Change Materials Energy Storage) Long-duration energy storage solution using proprietary Phase Change Materials developed with Monash and Deakin universities that absorb and store heat at intermediate temperatures (100-200°C) for conversion to electricity onsite on demand. Patent filings lodged.
• Integrated Solution (Power Generation + Energy Storage) Combined TORC power generation and PCM battery storage system providing mining, heavy industry, renewable energy companies, and utilities with a complete clean zero-emission energy efficiency solution enabling base load deployable renewable energy storage and supply.
• Thermal PCM Battery System for Utilities Complete thermal PCM battery system scaled for large-scale industrial, infrastructure, and utility applications, positioned as a low-cost utility-scale long-duration clean energy storage alternative to pumped hydro with 4-5 hours base load running time for shoulder and peak market needs.

Quantifiable outcome

• 50% of Commerce & Industry power consumption lost to waste heat can be recovered into clean electricity
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Monash UniversitycoreStrategic or Co-development PartnerPartner Organisation with Energy Storage Pty Ltd under Australian Research Council Linkage Project grant. Collaborative development of new phase change materials advancing thermal energy storage technology for intermediate temperature range (100-200°C) needed for renewable energy storage from solar and wind. Focus on broadening PCM scope with emphasis on material costs and techno-economic analyses.
• Deakin UniversitycoreStrategic or Co-development PartnerPartner Organisation with Energy Storage Pty Ltd under Australian Research Council Linkage Project grant. Joint development of new phase change materials for thermal energy storage technology. Project includes demonstrating technology for storing excess electrical energy from renewables for ultimate dispatch as thermal or electrical supply.
• g-TETcoreStrategic or Co-development PartnerAustralian privately owned technology-based business specializing in thermal energy management solutions. Developed Power Generation IP and equipment for the ORC Rankine Turbine system that produces clean zero emission power from waste heat generated by industrial processes. g-TET optimizes solutions for performance and economics.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kraftblock: Germany-based developer of modular thermal storage using a recycled steel-slag composite material for industrial and district heat applications. Comparable in offering scalable, long-duration thermal storage for industrial decarbonization.
• Kyoto Group: Norway-based thermal battery company using molten-salt storage to supply industrial heat. Comparable in targeting industrial customers seeking dispatchable, low-cost thermal energy to replace fossil boilers.
• Malta Inc. US-based developer of pumped-heat thermal energy storage using PCM and a heat pump/heat engine cycle to store electricity as thermal energy. Closest direct peer — same PCM-based intermediate-temperature storage thesis and grid-scale long-duration storage positioning.
• Antora Energy: US-based company using PCM (carbon-based 'thermal battery') and thermophotovoltaics to convert and store industrial heat as electricity. Directly comparable in targeting industrial decarbonization with intermediate-temperature thermal storage and dispatchable power output.
• Rondo Energy: US-based industrial heat battery company using solid media (bricks) to store renewable or waste heat at high temperatures for industrial process steam. Comparable in offering dispatchable clean heat/power to heavy industry as a pumped-hydro alternative.
• Brenmiller Energy: Israel-based thermal energy storage company using crushed-rock (b-Cric) media to deliver industrial-scale steam and heat. Targets the same C&I and utility customers with long-duration, zero-emission thermal storage as an alternative to fossil steam.
• 1414 Degrees: Australian-listed molten-salt thermal storage company (TESS-G1) targeting renewable and industrial heat storage. Most comparable geographic and segment peer — same Australian market, same long-duration clean storage positioning, though molten salt chemistry differs from PCM.
• EnergyNest: Norway-based thermal battery company using a proprietary concrete-like Heatcrete module to store thermal energy for industrial customers. Comparable in offering modular, long-duration thermal storage to heavy industry at intermediate temperatures.
• Electrified Thermal Solutions (ETS): US-based developer of Joule-heated firebrick thermal storage for industrial decarbonization. Targets the same heavy-industry customers seeking dispatchable, zero-emission process heat as a pumped-hydro alternative.

Regional players

• Calix Limited: Australia-listed clean-tech company developing calcined materials and thermal processing technology. Comparable as an Australian regional player deploying advanced thermal materials for industrial decarbonization, though not a direct thermal-storage competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/energystorage6

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Energy Storage