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Startup Europe — The Sifted Podcast
Why is Stability AI changing its business model?
Dec 7, 2023
The podcast discusses fundraising activities by Danish startup Heim and UK startup Ex-Links, an innovative energy storage solution using molten salt and sodium hydroxide, a subsea cable project bringing solar power from Morocco to the UK, the importance of the X-Link project in the UK, the growing interest in interconnectors in Europe, the concept of web three crypto and its impact on the software revolution, and Stability AI's shift in business model to a paywall system.
26:35
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Quick takeaways
- Heim Energy uses molten hydroxide to halve the cost of storing green energy, providing a more viable alternative for industrial companies.
- X-Link aims to contribute 8% of the UK's power needs by building a 3,800-kilometer cable to transmit solar power from Morocco, reflecting the increasing demand for renewable energy.
Deep dives
Danish Startup Heim Energy Raises 8 Million Euros for Energy Storage Solution
Heim Energy, a spin-off of Danish startup Seaborg, has raised close to 8 million euros in funding for its molten hydroxide energy storage solution. The technology uses sodium hydroxide to halve the cost of storing green energy, making it a more viable alternative for industrial companies. By storing energy when electricity is cheap and using it to create steam for manufacturing processes, Heim Energy offers industrial sectors a more cost-effective and environmentally friendly solution.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode