Edinburgh University spinout Exergy3 raises £10m to turn wasted wind power into industrial heat

Exergy3 has closed a £10m seed round to commercialise technology that converts curtailed renewable electricity into high-temperature heat for industrial use, tackling grid waste and factory emissions in one go.

The Edinburgh University spinout has developed modular thermal energy storage units that take surplus power, such as wind generation the grid cannot absorb in real time, and deliver process heat at temperatures ranging from 50°C to 1,200°C.