We Store Heat in Salt...
NeoTES’ patent-pending heat storage cell technology distinguishes itself significantly from conventional brick Electric Thermal Storage (ETS) units currently available. We use the superior heat storage capacity of salt hydrate solutions to store heat with comparable heat storage density to brick ETS units.
A key differentiation is that our heat storage cells remain below 120˚C, whereas brick ETS units reach internal temperatures up to 600°C (2x hotter than an oven). Lower operating temperatures are inherently safer and greatly simplify enclosure design.
Our heat storage technology has both short-term and long-term storage capabilities. Our unique ability to retain heat long-term without heat loss gives us a significant advantage over brick ETS units during unanticipated periods of low heating demand (fall/spring).
How We Save You Money
Time-of-Day rates are a financial incentive offered by utility companies to encourage customers to use electricity during off-peak periods. The rates depend on the jurisdiction however, usually change based on the time of day, day of week, and season. For example, in Ontario and Nova Scotia the off-peak rates can offer significant savings of up to 50%.
The ThermoBank™ uses NeoTES' heat storage cell technology, storing heat during low rate periods and releasing it during high rate periods.
Become Part of the smart grid
Demand Side Management (DSM) is one of the main ingredients to having an effective smart grid. NeoTES' technology offers you the opportunity to take part in the upcoming energy shift through our state-of-the-art DSM heat storage solution.
Current products available on the market for thermal energy storage (i.e. brick storage heaters) are not being adopted at a rate that contributes effectively to achieving demand-side management objectives.
NeoTES is committed to empowering electricity consumers by making a heat storage solution that is more efficient, accessible, and affordable.