Rondo Energy

“We see the path clear with what we're doing to decarbonize most of that within about 15 years, given the constraints on how fast wind and solar can be built, and there aren't meaningful production constraints on the brick materials that we use.”

“By 20 30 in most of the industrialized world, the conditions that exist in the six European countries where we're developing projects now in Australia and the half dozen US states, those market conditions exist in most of the industrialized world that you can …”

“The temperatures that today's Rondo heat batteries deliver serve about 90% of all the industrial heat used in the world.”

“And when you heat a brick to a thousand C, it stores as much energy per pound as a lithium ion battery. Costs 10 times less, lasts 10 times longer.”

“A round of heat battery is not a 2000 dollar or 1000 dollar a kilowatt electrolyzer that delivers heat at 50% efficiency. It's about five dollars a kilowatt on a marginal basis for these electrical wire heaters, and it's 98% efficient at turning electricity in…”

“Rondo has not caused five minutes of outage for Calgary since we started working there.”

“Now, we have utilities that we're working with at scale in Europe who are combining these things to offer heat as a service to a customer.”

“Because this one was the size that it was. We financed this on balance sheet.”

“We store a little bit more energy per kilogram than a typical lithium-ion battery pack in brick”

“In these early projects, we are prime. We are the prime EPC.”

“Step one, this was a pilot for the full-size installation will be about 600 megawatt hours”

“There are no changes in the materials. The materials that we used in making these first things are the materials that we're using in all the current things.”

“Here, just for simplicity, because it was on balance sheet, we said, fine, we will sell you heat at a discount to whatever the then gas price is.”

“A 50 kilogram brick is almost perfectly the wrong size. It takes two people to handle it, and there are a lot of them. So to the extent that we could make larger single bricks, we could reduce crane operations or people hours building these things.”