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Calix (CXL)- CEO, Phil Hodgson - The Market Herald
CEO, Phil Hodgson
Source: Renew Economy
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  • Calix (CXL) is teaming up with SaltX Technology to build a unique salt-based energy storage system in Sweden
  • SaltX will use Calix’s electric-powered direct separation reactor technology for a 200-kilowatt pilot reactor, which will be tested over the 2022 financial year
  • The reactor will use the excess renewable energy available during the day to heat, charge and dehydrate the salt
  • The salt will be recombined with water to produce heat and power when energy is needed
  • If successful, the storage system will be scaled up to one-megawatt capacity
  • On the market today, Calix is up 8.78 per cent and is trading at $2.23 per share

Calix (CXL) is teaming up with SaltX Technology to build a unique salt-based energy storage system in Sweden.

SaltX will use Calix’s electric-powered direct separation reactor (eDS) technology for a 200-kilowatt pilot reactor, which will be tested over the 2022 financial year.

The reactor will use the excess renewable energy available during the day to power the eDS to heat, charge and dehydrate the salt. When energy is needed, the salt will be recombined with water to produce heat and power.

If the pilot is successful, the storage system will be scaled up to one megawatt of capacity with a small commercial system to follow. This will unlock another application for Calix’s core technology in its "sustainable processing" line of
business.

Notably, the reactor will be similar to the BATMn reactor that Calix successfully built and commissioned in 2019 at its Bacchus Marsh facility in Victoria.

"We are very pleased to be working with SaltX on its system now also. This system has great potential for load balancing applications as the grid de-carbonises," Calix CEO Phil Hodgson said.

"Calix is a pioneer in developing sustainable solutions for many industries and therefore I believe this co-operation will have many benefits in SaltX mission of developing energy storage solutions that will have a real change for the renewable energy sector," SaltX CEO Carl-Johan Liner added.

Interestingly, efficient, low-cost energy storage systems have been labelled as a key enabler in electricity network decarbonisation efforts and are a fast-growing, multi-billion market.

On the market today, Calix is up 8.78 per cent and is trading at $2.23 per share at 1:15 pm AEDT.

CXL by the numbers
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