Nostromo Energy

Nostromo Energy Limited provides a large-scale, commercially available behind-the-meter (“BTM”) energy storage solution for widespread, grid-interactive deployment in commercial and industrial (C&I) buildings. It enables customers to realize both energy cost savings and greenhouse gas reduction and supports grid modernization and decarbonization through intelligent, large-scale load management as a virtual power plant (VPP). Buildings consume an estimated 74% of all electricity, and BTM energy storage is their biggest GHG reduction opportunity. However, due to safety concerns with lithium batteries, only 1% of all new energy storage is installed in commercial and industrial (C&I) buildings. Nostromo offers a smart, grid-interactive, and scalable energy storage solution for C&I buildings, that powers air conditioning, which accounts for approximately half of their electricity use and the overall peak load on the power grid. The system is based on Nostromo’s safe, cost-effective & patented IceBrick® energy storage cell, which efficiently charges at off-peak hours or from surplus renewable energy, and discharges during peak hours to meet cooling demand by controlled release of the energy into the building’s air-conditioning system, instead of relying on energy-intensive chillers. Its advanced cloud-based management provides a suite of novel BTM energy storage management tools for optimizing revenue streams and automated virtual power plant (VPP) operations. The IceBricks® are compact, modular, and can be retrofitted onto almost any chiller-cooled building to rapidly integrate energy storage into the existing building stock. The Company currently has units installed across Israel, and has recently installed a 1,300 kWh system at the Beverly Hilton and Waldorf Astoria hotels in Beverly Hills, California serving as the IceBrick Innovation Center (contact us to visit).