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Hyme Energy
Hyme develops thermal energy storage solutions based on the use of molten hydroxide salts as a storage medium
About Hyme Energy
Hyme Energy is a startup that operates in the renewable energy sector, focusing on large-scale, long-duration energy storage. The company's primary objective is to make sustainable energy more accessible by storing it in a safe, abundant, and sustainable storage material. Hyme Energy's innovative technology transforms intermittent renewable energy into on-demand power and heat, serving the energy transition at a large scale.
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The company's business model revolves around deploying a scalable thermal storage technology that accelerates the decarbonization of power and heat generation. This technology is particularly beneficial for cogeneration plants and industries, as it provides a flexible storage solution. Hyme Energy stores electricity from renewable sources in the form of high-temperature heat in molten salt, allowing for flexible dispatch of heat and power.
Hyme Energy's storage capacities are in the GWh range, with 6-24 hours of discharge. This means that heat and power plants can operate 24/7 using green heat and power for industrial processes. The company is currently deploying storage solutions in several locations, with projects such as the MOSS (Molten Salts Storage) project and the repurposing of a cogeneration plant in Bornholm with energy storage.
Hyme Energy's revenue model likely involves selling their storage solutions to cogeneration plants and industries, and possibly also selling the stored energy. The company is also involved in the development of at least 6 GWh of storage in Vietnam by 2035 to support the country’s climate neutrality objectives.
At a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Copenhagen, Denmark
- Employees
- 43
- Open positions
- None listed
- Dealroom signal
- 61.6/100
- Industry
- Energy
- Sub-industry
- Energy Storage
- Sector
- Energy, Sustainable Development Goals, EIC, Thermal Energy Storage, Climate Tech, Nordic Rising Star 2022, Stationary Energy Storage, Hard Tech, Horizon Europe
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Hyme Energy.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Dec 2023 | $8.7M | $60M | Undisclosed | ↗ |
| GRANT✓Other financing | Nov 2023 | $2.5M | — | European Innovation Council | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Hyme Energy is 1.1K monthly website visits, up 205.6% over the last three months. Hyme Energy's team declined 8.5% over the past year.
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
European Innovation Council
Series A1 investor entered at this stage
Heartland
Series B and later1 investor entered at this stage
Saltfoss
Other known investors2 additional known investors
Carsten Bondo Ellegaard
VÅR Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Hyme Energy on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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