Kyoto Group AS
KYOTO.OL
Oslo Stock Exchange23.70
NOK
-0.10
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Kyoto Group AS
KYOTO.OL
(Oslo Stock Exchange)
Recent
price
23.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Kyoto Group AS develops and deploys thermal energy storage solutions to decarbonize industrial process heat. The company offers Heatcube, a modular thermal battery utilizing molten salt technology to capture and store excess renewable energy from sources such as solar and wind power; provides Heat-as-a-Service, a fully managed turnkey model encompassing installation, operation, maintenance, monitoring, optimization, and energy management where customers pay only for delivered steam; and supplies Heat-as-a-Product for direct ownership and integration into customer operations. Heatcube enables 24/7 on-demand high-temperature heat delivery with over 93% energy efficiency, zero emissions, plug-and-play installation, and a 25-year lifespan, targeting energy-intensive sectors including food and beverage, grain processing, and materials production; it replaces fossil-fired boilers, reduces annual CO2 emissions by 2,000 to 15,000 tons per unit, and supports load shifting and power market stabilization. Kyoto Group AS operates in Europe with over 70 MWh of installed storage capacity delivering 40-50 GWh of annual heat, a strong project pipeline, and exposure to a global market exceeding 11,200 TWh of electrifiable industrial heat demand. Founded in 2016 and headquartered in Lysaker, Norway, the company maintains subsidiaries including Kyoto Technology Spain from the 2022 acquisition of Mercury Energy and has a presence in Denmark and Hungary. In 2024, Glentra Capital, a Danish energy transition infrastructure fund, became the principal owner through a NOK 286.7 million investment and voluntary tender offer, taking the company private following delisting from Euronext Growth Oslo; this supports accelerated commercialization of Heat-as-a-Service and Heatcube deployments, including the second commercial unit at KALL Ingredients in Hungary set for completion in summer 2025.