TEXEL and Nereid Water team up to ensure Energy and Water security to California
TEXEL and Nereid Water team up to solve two of the world's most important issues of future survival - cost effective stored renewable energy and water desalination - two key issues for the supply of energy and fresh water for drinking & agricultural irrigation. This joint offering will be hugely attractive to markets ranging from resorts and farms to the State of California. The two companies see a massive opportunity both in terms of business and environmental benefits.
Clean fresh water and the storing of intermittent renewable energy are two of the most important and pressing issues of our time. TEXEL and Nereid come together to bring out a unique solution that helps solving both these issues.
TEXEL system is a thermal storage technology, storing energy from solar PV and delivering stored electricity and heat when there is no sun. The Nereid Crystal Gen technology is a desalination and crystallization system which produce fresh water using thermal solar energy, without rejecting brine into the environment. The Nereid plant is powered by the heat supplied by TEXEL, increasing the overall efficiencies of both systems. The technologies make a circular system that allows produce energy, food and fresh water 24/7 365 days year.
The aim of the cooperation is to benefit the environment and jointly exploit from the huge market potential that energy storage and desalination of water has. TEXEL and Nereid sign a first MoU and work on several business cases and to implement their first joint Pilot plants.