Alfa Laval has entered into a strategic joint venture agreement with Aalborg CSP, a concentrated solar power technology company, and will join forces on the development of Long Duration Energy Storage (LDES) solutions. In short: Energy efficiency and renewables are vital for decarbonization, with solar PV (Photo Voltaic) and wind expected to double in the next five years. Energy storage is critical to ensure grid stability, and the needed global energy storage investments are projected by IEA, IRENA, LDES Council, and others, to ramp-up to very high levels before 2030.

Alfa Laval and Aalborg CSP's collaboration aims to enhance competence, product development, and application knowledge in molten salt heat exchanger technology to drive the advancement of long duration energy storage heat exchanger solutions. The joint venture, that will drive the development of cutting-edge long duration energy storage solutions, in the belief that to solve some of the big challenges are facing, we need to combine knowledge and resources".