{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAwIbp05QKDA","lastupdate":"2024-05-26T00:00:00.000Z","update_date":"2024-05-26T00:00:00.000Z","lastModified":"Apr 2, 2025","active":1,"confidence_score":100,"confidence_score_reason":"markets","urlname":"nostromo-energy","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$7dfR5VxcxZWjxuQAjZLR5WzCDfKAnUyZDczdCr7qKprqQk7FRnHeRa.png","name":"Nostromo Energy","oneliner":"Ice-Based Energy Storage System for Commercial and Industrial Buildings","registrar":"515635506","website":"https://nostromo.energy","careerspage":"","founded_month":3,"founded_year":2017,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/NostromoE","youtube":"https://www.youtube.com/@nostromoenergy7453","facebook":"","linkedin":"https://www.linkedin.com/company/12894010","instagram":"https://www.instagram.com/nostromo_energy"},"social":["https://twitter.com/NostromoE","https://www.instagram.com/nostromo_energy","https://www.youtube.com/@nostromoenergy7453","https://www.linkedin.com/company/12894010"],"flattenedsociallinks":"https://twitter.com/NostromoE|https://www.instagram.com/nostromo_energy|https://www.youtube.com/@nostromoenergy7453|https://www.linkedin.com/company/12894010","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":36,"patent":1,"raised":34820661,"stage":"Mature","public_stage":"Mature","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Ifev64KDA","primary_sector":"Energy Tech","alternativenames":["NostromoEnergy","Nostromo"],"about":"Nostromo Energy develops an ice-based energy storage system designed for commercial and industrial buildings. Its core product, the IceBrick®, stores energy in the form of ice during periods of low electricity prices or high renewable energy availability, and discharges it during peak demand to reduce grid reliance and energy costs. The system enables buildings to become energy storage assets, supporting decarbonization and grid stability. Modular, compact, and non-flammable, IceBrick® can be retrofitted to existing structures, offering a safe and sustainable alternative to conventional battery storage.\n\n\n.","climatetech_description":"Currently, 40% of carbon emissions in the U.S. are caused by buildings. 74% of all electricity in the U.S is consumed by buildings and peak hours air conditioning accounts for approximately 50% of total consumption at those hours. Nostromo Energy is addressing this with a sustainable approach to cooling real estate.\n\nNostromo’s modular energy storage system  has applications for office buildings, government, higher education institutions, hospitality, and data centers. The IceBrick Energy Storage Array provides 200 to 10,000 ton refrigeration hours of clean cooling energy on demand. Given this, 200 metric tons of CO2 can be saved annually by each each building on average using Nostromo Energy’s solution.","is_climatetech_relevant":1,"phone":"","country":null,"address":{"israeli":[{"id":"d23a6567-ffe7-4afc-ba9f-7df56d0bff85","city":"Shdema","type":null,"address":"Shdema, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"Center District","news":[{"id":"elhJ4iPW4Uk77vMhieM2fi99Bmfasih7eDmKihH5hADomvqYcAzyjD","date":"Dec 9, 2024","link":"https://www.prnewswire.com/il/news-releases/nostromo-energy-secures-305-million-conditional-commitment-from-us-department-of-energy-to-cut-climate-impact-and-costs-of-cooling-in-large-california-buildings-302326710.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"energy storage","company":"Nostromo Energy","layoffs":null,"summary":"Nostromo Energy has secured a conditional commitment for a loan guarantee of up to $305.5 million from the U.S. Department of Energys Loan Programs Office. The funds will be used to deploy its IceBrick® thermal energy storage systems in 193 commercial buildings across California. This initiative, known as Project IceBrick®, aims to reduce costs, emissions, and grid strain related to electricity for commercial cooling. The project is expected to create over 200 jobs and help avoid up to 500,000 tonnes of CO2 emissions over its lifetime. Nostromos IceBrick® technology stores energy when electricity is cheap and clean, discharging it during peak demand times. This project supports Californias clean energy goals and offers a sustainable solution for commercial buildings.","partners":["Independence Point Securities"],"customers":null,"investors":["U.S. Department of Energy"],"confidence":9,"key_topics":["thermal storage","loan guarantee","energy grid","job creation","carbon emissions"],"date_of_event":"Not explicitly mentioned","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"305.5 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"TbKTKdY0eaxzeMjGKabcQnwFfVtSacmBHX1i2YEG5arEVYeJi3OzTr","news_summary":"/PRNewswire/ -- Nostromo Energy, provider of the IceBrick® system, a virtual power plant (VPP)-enabled thermal energy storage solution for commercial and...","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"RKCOTFpzAax7vwCiQxeK2gkRqAvL95bHCxh4pNvHnPY8NFerCd6jn9","date":"Aug 1, 2024","link":"https://www.prnewswire.com/news-releases/nostromo-energy-completes-voluntary-delisting-302212828.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Delisting, Shareholder Approval, Merger","company":"Nostromo Energy Limited","layoffs":"Not mentioned","summary":"Nostromo Energy Limited, the provider of the IceBrick system, has announced the closing of the arrangement for its voluntary delisting from the Tel-Aviv Stock Exchange (TASE). The delisting arrangement was approved by 99.37% of the company shareholders at a meeting held on May 9, 2024. Following the delisting, Nostromo Energy Limited became a wholly-owned subsidiary of Nostromo Energy Holding Corporation, a newly formed BVI business company. Shares of the shareholders who did not elect to rollover were purchased by both existing shareholders and new investors.","partners":"Not mentioned","customers":"Not mentioned","investors":"Existing shareholders and new investors","confidence":9,"key_topics":["Delisting","Shareholder Approval","Merger","Energy Storage","IceBrick System"],"date_of_event":"May 9, 2024","valuation_amount":"Not mentioned","impact_on_company":"growth-negative","investment_amount":"Not mentioned","structured_issues":["Public Trading","Acquisition"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Public Trading  #Acquisition","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"Hfofdk5Q09vbmI0CRI3i7udDdwKp4HU5HrkdF9JEyZj80Syc3PODZ4","news_summary":"Nostromo Energy Completes Voluntary Delisting","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"EYZRaDmyIkFbcN6pQ3IjjKd2wyanuuHTmG7Eumjp63TdR02kXmDQXb","date":"Jul 22, 2024","link":"https://www.prnewswire.com/news-releases/nostromo-energys-icebrick-technology-selected-by-gsa-and-doe-for-evaluation-in-green-proving-ground-program-302202628.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Sustainable Technology, Energy Storage","company":"Nostromo Energy","layoffs":"N/A","summary":"Nostromo Energy, provider of the IceBrick system, a thermal energy storage for commercial and industrial buildings, has been selected by the U.S. General Services Administration (GSA) and the U.S. Department of Energy (DOE) for evaluation in GSAs federally owned real estate portfolio. The testing will be conducted under GSAs Green Proving Ground (GPG) program, which introduces emerging technologies from the private sector into federal buildings. The Biden-Harris administration has set a goal of sourcing 100% carbon pollution-free electricity on a net annual basis by 2030, and Nostromos IceBrick energy storage technology is designed to support this goal.","partners":"U.S. General Services Administration, U.S. Department of Energy","customers":"U.S. General Services Administration, U.S. Department of Energy","investors":"N/A","confidence":9,"key_topics":["Sustainable Technology","Energy Storage","Federal Buildings","Carbon Pollution-Free Electricity","Green Proving Ground Program"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Customers","Partners"],"acquisition_amount":"N/A","structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"6r3e8KhcFH5wNgPF7xqzxgIKNjhIqvNSXO6q09zFPsQ7jlD4EjjhOK","news_summary":"Nostromo Energy's IceBrick® Technology Selected by GSA and DOE for Evaluation in 'Green Proving Ground' Program","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"Tf3gFQX5ZGraGGdQLjyTvCcCXR9dRsOvANOyXgoWTj6jCncWitsfPm","date":"May 10, 2024","link":"https://www.prnewswire.com/news-releases/nostromo-energy-shareholders-approve-going-private-arrangement-302142182.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Delisting, Shareholder Vote","company":"Nostromo Energy Limited","layoffs":"Not mentioned","summary":"Nostromo Energy Limited, the provider of the IceBrick system, a virtual power plant-enabled thermal energy storage for commercial and industrial buildings, has announced the results of its shareholders vote on the proposed arrangement to delist the companys shares from trading on the Tel Aviv Stock Exchange. The proposed arrangement was approved by a vote of holders of 6,013,647 shares (representing 99.37% of total shares present and voting). The closing of the transaction and delisting remains subject to certain conditions.","partners":"Not mentioned","customers":"Not mentioned","investors":"Not mentioned","confidence":8,"key_topics":["Delisting","Shareholder Vote","Energy Storage","IceBrick System","Tel Aviv Stock Exchange"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-negative","investment_amount":"Not mentioned","structured_issues":["Public Trading"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Public Trading","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"NAfLtCy7JvV0qyAyLhli4MplQkbx85pSd0Mnv3KxdXLSxfkyJQsC5v","news_summary":"Nostromo Energy Shareholders Approve Going-Private Arrangement","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"nvtutW0rPVKVRKcSfgk43dlxpcAgm1y20v0cNjRR7dWQSHDhuvgndZ","date":"Feb 28, 2024","link":"https://www.prnewswire.com/news-releases/nostromo-energy-enters-into-an-agreement-to-become-private-302074684.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Delisting, Acquisition, Investment","company":"Nostromo Energy Limited","layoffs":"Not mentioned","summary":"Nostromo Energy Limited has announced plans to delist from the Tel Aviv Stock Exchange and become a private company. The company has entered into an agreement with certain shareholders and other investors for acquiring shares of public shareholders following the delisting. The investors include existing shareholders Freepoint Commodities and JJRF, and new investors Cresson Nostromo, LLC, FirsTime Ventures, and Rishon Ventures LLC. The companys CEO, Yoram Ashery, stated that the move will provide access to strategic capital for expansion and growth.","partners":"Not mentioned","customers":"Not mentioned","investors":["Freepoint Commodities","JJRF","Cresson Nostromo, LLC","FirsTime Ventures","Rishon Ventures LLC"],"confidence":8,"key_topics":["Delisting","Share Acquisition","Investment","Expansion","Decarbonization"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Investment","Acquisition"],"acquisition_amount":"$1.141 per share","structuredIssuesShow":"#Investment  #Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"6tsrYG7WtMf3dJ842ZrhQADzIcGZrrmvZih6v7JMBXoYIhkSpSHucz","news_summary":"Nostromo Energy Enters into an Agreement to Become Private","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"NvT0rZpnwp5bqtb5yMJLP3kS42p5HNNLbzEZXCxqaM4FNtGsXMj42I","date":"Oct 30, 2023","link":"https://www.ice.co.il/digital-140/news/article/986272?_atscid=7_134353_204082920_2491793_0_Txtetaxjxdshwhus8sp","source":"www.ice.co.il","visible":1,"analysis":{"tags":"Partnership, Energy Management","company":"Nostromo","layoffs":"N/A","summary":"Nostromo, a company specializing in the development and marketing of innovative clean energy storage and demand management technology for buildings, has announced a non-binding memorandum of understanding for a partnership with California State University (CSU) for the CSUDH (Dominguez Hills) campus. Under the agreement, Nostromo, with the assistance of the campus, will develop a new version of its energy storage system (IceBrick) tailored to serve large district cooling distribution centers that serve campuses, city centers, and industrial areas. The company sees the partnership as a strategic move with significant marketing potential.","partners":"California State University","customers":"N/A","investors":"N/A","confidence":8,"key_topics":"Energy Storage, Partnership, Campus Energy Management, Technology Development, Market Potential","date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Partners","acquisition_amount":"N/A","structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ymVXIDpYNEZCe86JcnQQxJbLyl2nkLjaoMFmPCTCpvZp8LeI1LjilM","news_summary":"נוסטרומו ואוניברסיטת קליפורניה בשת\"פ: תפתח מערכת אגירת אנרגיה ייחודית לקמפוסים","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"D9oVC9EFvTUZmHMNXQjW5yH9SEgbmX9HBPOpRxIRmPuiNQ8hU0e4u4","date":"Sep 19, 2023","link":"https://www.prnewswire.com/news-releases/nostromo-energys-icebrick-energy-storage-systems-awarded-first-resource-adequacy-credits-by-the-california-public-utilities-commission-301931686.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Energy Storage, Resource Adequacy","company":"Nostromo Energy, Inc.","layoffs":"Not mentioned","summary":"Nostromo Energy, Inc. has announced that its IceBrick energy storage systems have been awarded Resource Adequacy (RA) eligible Qualified Capacity for 2024 as Demand Response (DR) resources by the California Public Utilities Commission (CPUC). The IceBrick systems, which are not subject to interconnection queues, can be online within 6-9 months from contracting with the site owner. Nostromo is planning to deploy 120 IceBrick systems with an aggregate capacity of 100/275 MW/MWh-equivalent over the next 3 years, with a potential $176M loan from the US Department of Energys Loan Programs Office.","partners":"Not mentioned","customers":"Utilities and community choice aggregators (CCAs) in California","investors":"US Department of Energys Loan Programs Office","confidence":9,"key_topics":["IceBrick system","Qualified Capacity","Demand Response resources","Resource Adequacy","Energy Storage"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"$176M","structured_issues":["Customers","Partners","Investment"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Customers  #Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"pVbi5ilVakNbftOAsgf9ha3wgRd2ZcYFHpBn90FDeSgmApcNKJTUwr","news_summary":"Nostromo Energy's IceBrick® Energy Storage Systems Awarded First Resource Adequacy Credits by the California Public Utilities Commission","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"MA6UNIK4e4t4rGsPLdUWLW3QgLzSQIQo1sDXPcSktnGEB9ZU3l8SN1","date":"Aug 8, 2023","link":"https://www.prnewswire.com/news-releases/nostromo-energy-invited-by-the-department-of-energy-to-due-diligence-and-term-sheet-negotiations-for-the-icebrick-energy-storage-project-301895636.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Energy Storage, Loan Guarantee","company":"Nostromo Energy","layoffs":"Not mentioned","summary":"Nostromo Energy has been invited by the U.S. Department of Energys Loan Programs Office to begin the due diligence and term sheet negotiations process for a loan guarantee of up to $176 million under the Title 17 Clean Energy Loan Guarantee Program. If approved, Nostromo will deploy its IceBrick systems in up to 120 buildings in California and other U.S. states, reducing energy costs and carbon emissions while enabling the integration of more renewables. The systems will be placed in a service model, where the host-building will pay a periodic service fee based on ongoing energy cost savings generated by the system.","partners":"U.S. Department of Energys Loan Programs Office","customers":"Not mentioned","investors":"U.S. Department of Energys Loan Programs Office","confidence":9,"key_topics":["Energy Storage","Loan Guarantee","Carbon Emissions","Virtual Power Plant","Resource Adequacy"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"$176 million","structured_issues":["Investment"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"oGl0T4GekEIX9bx5i67kGI32rXW0G1F1TKWSCm13aAFQzf7Nw3ADLP","news_summary":"Nostromo Energy Invited by the Department of Energy to Due Diligence and Term Sheet Negotiations for the IceBrick® Energy Storage Project","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"GtcqfVPok5FQWJjAoNffq03t7CqvQ43psm9G1sTO0k4SMS84mYTUUP","date":"Jun 18, 2023","link":"https://www.israel21c.org/luxe-beverly-hills-hotels-use-israeli-tech-to-go-greener/","source":"www.israel21c.org","visible":1,"analysis":{"tags":"Energy Storage, Carbon Emissions","company":"Nostromo Energy","layoffs":"Not mentioned","summary":"Israeli startup Nostromo Energy has installed its IceBrick energy storage system in the Beverly Hilton and Waldorf Astoria Beverly Hills hotels. The system, which stores energy in modular ice capsules, is set to reduce carbon dioxide emissions by 150 to 200 metric tons annually and supply energy for cooling at less than half its current cost. The system uses power from the grid when renewable energy levels are high to freeze water into ice, which is then used to provide energy for cooling during peak demand hours.","partners":"Not mentioned","customers":"Beverly Hilton, Waldorf Astoria Beverly Hills","investors":"Not mentioned","confidence":9,"key_topics":"Energy Storage, Carbon Emissions, Renewable Energy, IceBrick System, Hotel Industry","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":"Customers, Partners","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Customers, Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"CoWajsCrSOX4n60YP5SJmifNVFuCvUKfcqafbdEdA9ooBvm9x33BQo","news_summary":"Luxe Beverly Hills hotels use Israeli tech to go greener - ISRAEL21c","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"1A2b8qouScxjDttU3xUAmtjzGRXfWrWHWaYg5nnyI1YrcpYDiZVllw","date":"Jun 14, 2023","link":"https://www.prnewswire.com/news-releases/the-beverly-hilton-and-the-waldorf-astoria-beverly-hills-hotels-select-nostromo-to-significantly-reduce-carbon-emissions-301850653.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"Partnership, Energy Storage","company":"Nostromo Energy","layoffs":"N/A","summary":"Nostromo Energy has partnered with The Beverly Hilton and the Waldorf Astoria Beverly Hills to launch a sustainable energy storage system. The system, Nostromos IceBrick, is designed to reduce greenhouse gas emissions and enable the hotels to reach their sustainability goals while saving on energy costs. The 1.4 megawatt-hour energy storage system will supply energy for cooling at less than 50% of its current cost and reduce CO2 emissions by 150-200 metric tons annually. The project marks the first hospitality industry partnership using Nostromos technology.","partners":["Alagem Capital Group","Cain International"],"customers":["The Beverly Hilton","Waldorf Astoria Beverly Hills"],"investors":"N/A","confidence":9,"key_topics":["Energy Storage","Sustainability","Partnership","Greenhouse Gas Emissions","Cost Reduction"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Partners","Customers"],"acquisition_amount":"N/A","structuredIssuesShow":"#Partners  #Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"lzbEe55oeBN8vEl300uE8tguw5KOwzHqmsjwFa5dB3PyXFhoEbbHc9","news_summary":"The Beverly Hilton and The Waldorf Astoria Beverly Hills Hotels Select Nostromo to Significantly Reduce Carbon Emissions","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"35VtshgSqJXG2C38b0PZFKiBNhD8jjqsVTLgHkvzUYSWtxzxor2d80","date":"Jun 5, 2023","link":"https://nocamels.com/2023/06/giant-ice-trays-cool-buildings-using-green-energy/","source":"nocamels.com","visible":1,"analysis":{"tags":["energy","cooling","sustainability"],"company":"Nostromo Energy","layoffs":null,"summary":"Israeli company Nostromo Energy is using ice as a cheaper and greener method to cool office buildings during peak energy demand. The company packs water capsules into power cells, which are installed on the roofs, basements, or walls of commercial and industrial buildings. The water in the capsules is frozen using cheap or surplus electricity from the grid at off-peak hours or from renewable sources. The ice is then thawed during hours of peak energy use, reducing the strain on electrical infrastructure and the need for additional power plants. Nostromos ice-based cooling system eliminates the need for chillers and can save significant amounts of energy. The companys systems are already in use in Israel and the US, and they will soon be installed in 120 American buildings and in Israels Soroka Hospital.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["ice-based cooling","energy consumption","environmental impact","renewable sources","cost-saving"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"0jcPiAgs0w8LGuBKv5zKUGvySzANmprvkNjhOKtFkCmMdo7AQa5G9U","news_summary":"Giant Ice Trays Cool Buildings Using Green Energy","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"rrPC8bosipiRJU7dyFDmplx3eGnggfSAiQBoNSvZAyJcBZfzVMJaID","date":"Jan 4, 2023","link":"https://www.businesswire.com/news/home/20230104005252/en/Nostromo-Energy-Reaches-Key-Application-Milestone-for-189-Million-Loan-Guarantee-from-the-U.S.-Department-of-Energy-to-Deploy-275-MWh-of-Distributed-Energy-Storage-Systems","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"TWfp1rZMzmqvcXf9i5wKMPrBp9HFQDoPyxgTSF4vuuQYksPhxjUq4f","news_summary":"Nostromo Energy Reaches Key Application Milestone for $189 Million Loan Guarantee from the U.S. Department of Energy to Deploy 275 MWh of Distributed Energy Storage Systems","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"e9AOTjydpLFzorxCKGv9eCWfdbzAX9GOPcH2XBeLcKHeM2W7tPDXTl","date":"Aug 14, 2022","link":"https://www.new-techonline.com/2022/08/%d7%a0%d7%95%d7%a1%d7%98%d7%a8%d7%95%d7%9e%d7%95-%d7%94%d7%9e%d7%aa%d7%9e%d7%97%d7%94-%d7%91%d7%90%d7%92%d7%99%d7%a8%d7%aa-%d7%90%d7%a0%d7%a8%d7%92%d7%99%d7%94-%d7%91%d7%91%d7%a0%d7%99%d7%99%d7%a0/?_atscid=7_134353_204082920_2249791_0_Txtetaxjxdshwhus8sp","source":"www.new-techonline.com","visible":1,"analysis":{"tags":"Legislation, Energy Storage, Tax Incentives","company":"Nostromo","layoffs":"Not mentioned","summary":"Nostromo, a company specializing in energy storage in buildings, has reported that the US has approved legislation to combat climate change, which includes a financial package of approximately $369 billion. The legislation, called the Inflation Reduction Act of 2022, includes tax incentives to encourage the fight against climate change, including a tax credit of up to 30% for investment in energy storage facilities. Nostromo had significant involvement in shaping the final version of the law, so the tax credit will also apply to thermal energy storage facilities in buildings, the companys core business and a field in which its technology leads.","partners":"Not mentioned","customers":"Not mentioned","investors":"Not mentioned","confidence":8,"key_topics":"Energy Storage, Tax Incentives, Legislation, Climate Change, US Market","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":"Investment","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"UEWXYeUVI9IxOiXdz3HxG1pFs1oG2U4ReKz5bhA9h36wK8HToNGKms","news_summary":"נוסטרומו, המתמחה באגירת אנרגיה בבניינים, תיהנה מחקיקת האקלים הגדולה ביותר בהיסטוריה האמריקנית שאושרה בסוף השבוע האחרון","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"YsyI4dsqYOiAwW81IDrauDT9yhxtyOr88KOl8pHmsb48EtX6z7i2jq","date":"Jun 20, 2022","link":"https://nocamels.com/2022/06/nostromo-alternative-energy-soroka/","source":"nocamels.com","visible":1,"analysis":{"tags":"energy storage, cooling","company":"Nostromo","layoffs":null,"summary":"Nostromo, an Israeli energy storage and cooling company, will install its water-based storage system in the Soroka University Medical Center to reduce carbon emissions and electricity costs. The company will receive a total of NIS 1.5 million ($434,600) for the project, with the hospital and the Ministry of Energy providing funding. The collaboration is part of the Zero Carbon Hospital Challenge competition. Nostromos IceBrick system will be installed in the hospitals operating rooms, marking the first time it has been used in a hospital facility in Israel. Nostromos technology allows for efficient energy storage and creates backups for cooling systems.","partners":null,"customers":"Soroka University Medical Center","investors":null,"confidence":8,"key_topics":["energy storage","cooling","hospital","carbon emissions","electricity costs"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"CrROoJ3WkXdLCGxWjgr0V82LUPrHoPUv2fSPYR6eT9sAvlowk8LaDn","news_summary":"Soroka Medical Center To Install Nostromo Energy Storage Tech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"56f18687-a174-40e3-ba06-f74e25a1d9c9","date":"May 31, 2022","link":"https://www.new-techonline.com/2022/05/%D7%A0%D7%95%D7%A1%D7%98%D7%A8%D7%95%D7%9E%D7%95-%D7%94%D7%9E%D7%A4%D7%AA%D7%97%D7%AA-%D7%9E%D7%A2%D7%A8%D7%9B%D7%AA-%D7%9E%D7%AA%D7%A7%D7%93%D7%9E%D7%AA-%D7%9C%D7%90%D7%92%D7%99%D7%A8%D7%AA-%D7%90/?_atscid=7_134353_204082920_2210084_0_Txtetaxjxdshwhus8sp","source":"www.new-techonline.com","visible":1,"analysis":{"tags":"Investment, Technology","company":"נוסטרומו","layoffs":"Not mentioned","summary":"נוסטרומו, an energy storage and management company, has won a grant of about 1.3 million shekels from the Innovation Authority. The grant will be used for a decarbonization project of data centers using cold energy storage systems. The total cost of the project is estimated at about 2.5 million shekels, with the rest of the cost to be financed through a commercial agreement with the customer. The company is currently in advanced talks with a potential customer and will update when the agreement is signed.","partners":"Anheuser Busch InBev, Smardt Chiller Group","customers":"Not mentioned","investors":"מגדל, Freepoint, קובי ריכטר, רמי אונגר, טרהלייט, מאיו שטוק, משפחת בן נון","confidence":8,"key_topics":"Energy Storage, Innovation, Data Centers, Carbon Emissions, Funding","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"1.3 million shekels","structured_issues":"Investment, Customers, Partners","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment, Customers, Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"8UIejGyk3kp6hToyK765J0WazKSxzKWz5lfGVilV0BX5nGYZ3AqJ9E","news_summary":"נוסטרומו, המפתחת מערכת מתקדמת לאגירת אנרגיה, נכנסת לשוק חוות השרתים הצומח: זכתה במענק בסך 1.3 מיליון שקל להקמת מתקן ראשון בישראל  New-Tech OnLine","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"dc52485f-aceb-49b7-8309-44d4e185724d","date":"Jan 4, 2022","link":"https://gritdaily.com/nostromo-stores-reduce-global-warming/","source":"gritdaily.com","visible":1,"analysis":{"tags":["energy storage","sustainability","global warming","technology"],"company":"Nostromo Energy","layoffs":null,"summary":"Nostromo Energy, a company that has developed a cold energy storage solution using ice, has gained significant traction in the market. The companys technology, called IceBrick, uses plain water and a proprietary nucleate to store and deliver power whenever needed. This alternative to chemical batteries is seen as a more sustainable and environmentally friendly solution. Nostromo has recently completed a merger and raised $13.6 million in funding. It has also secured investments from Migdal Group and Freepoint Commodities, which will be used to expand its business operations in the US market and invest in research and development. The company has already formed partnerships with Hilton, Westfield, Royal Dutch Shell, and the Israeli Electric Company. Nostromos vision is to transform commercial buildings into clean grid-interactive energy assets.","partners":["Tel Aviv Stock Exchange (TASE)","Somoto","Migdal Group","Freepoint Commodities","Royal Dutch Shell","Israeli Electric Company"],"customers":["Hilton Beverly Hills","Waldorf Astoria"],"investors":["Migdal Group","Freepoint Commodities"],"confidence":8,"key_topics":["energy storage","global warming","sustainability","technology","investment"],"date_of_event":"June 21, 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$9.1 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"H8iub8WBrC9FQhsjPm61YX3iIGiRHyfDtmIAvS9qy2lj8svsv1Dtg4","news_summary":"Nostromo cryogenically stores something other than humans to reduce global warming - Grit Daily News","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"jUy1TscpOIA1d8j3rFTY4XsFX06j43ZbgJ5GOnCwmXOy5ziw7htrE0","date":"Nov 9, 2021","link":"https://www.finsmes.com/2021/11/nostromo-raises-9-1m-in-equity-funding.html","source":"www.finsmes.com","visible":1,"analysis":{"tags":"equity funding","company":"Nostromo Energy Ltd.","layoffs":null,"summary":"Nostromo Energy Ltd., a provider of sustainable energy storage solutions, has raised $9.1M in equity funding. The investment was led by Migdal Group and Freepoint Commodities. The funds will be used to expand the companys business operations in the US market and enhance its R&D, software, engineering, project management, production, Q&A, regulatory, and US sales and marketing organization. Nostromo offers the Nostromo IceBrick™, a clean energy storage solution that stores energy during off-peak or surplus solar hours for use during peak hours. The investment is subject to approval by the Tel-Aviv Stock Exchange for listing the issued shares for trade.","partners":null,"customers":null,"investors":"Migdal Group, Freepoint Commodities","confidence":9,"key_topics":["Nostromo","Equity Funding","IceBrick™ technology","Migdal Group","Freepoint Commodities"],"date_of_event":"09/11/2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$9.1M","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"34wuDR01IAMx9IPRViVJqN5r2yk1hag32TaMlgCWXCsHD9eZnOmTKh","news_summary":"Nostromo Raises $9.1M In Equity Funding - FinSMEs","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"35f78162-f81f-40a5-b3e3-c4986127228e","date":"Oct 18, 2021","link":"https://www.maariv.co.il/news/environment/Article-871333?_atscid=7_134353_204082920_1994784_0_Txtetaxjxdshwhus8sp","source":"www.maariv.co.il","visible":1,"analysis":{"tags":"clean energy","company":"נוסטרומו","layoffs":null,"summary":"Israeli company, נוסטרומו, has developed a clean and safe technology for commercial buildings to store solar energy using ice-based energy storage units called IceBricks. These units can store up to 350 liters of water, which turns into ice during charging from solar energy. The stored energy can then be used for air conditioning systems in the buildings. נוסטרומו recently signed a 20-year contract with the Hilton hotel in Beverly Hills, California, and raised $14 million in a reverse merger to become a public company. They have also partnered with an Israeli electric company for the development of a virtual power station. The company aims to provide a green solution to the challenges of energy storage and air conditioning in the face of increasing demand for solar energy.","partners":["Israeli electric company"],"customers":["Hilton"],"investors":null,"confidence":9,"key_topics":["clean energy","energy storage","solar power","commercial buildings","partnerships"],"date_of_event":"August 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"DhrdedcjaEhMvsdjjYpGOqaXwF0X39kQetKRI35KrD3ZKBYNP5Fewd","news_summary":"חברה ישראלית פיתחה מערכת לייצור חשמל בצורה בלתי מזהמת  כל הפרטים","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"c3e99d90-0937-4328-8e11-068fd448b8eb","date":"Oct 14, 2021","link":"https://www.sponser.co.il/Article.aspx?_atscid=7_134353_204082920_1993787_0_Txtetaxjxdshwhus8sp&ArticleId=106553","source":"www.sponser.co.il","visible":1,"analysis":{"tags":"energy storage","company":"נוסטרומו אנרגיה","layoffs":null,"summary":"Nostromo Energy, an energy storage company, has completed the production of envelopes and capsules for its energy storage cells. The components will be sent to Los Angeles for assembly. The system will be installed in the Hilton hotel in Beverly Hills and is expected to save the hotel 1,500 kWh per cycle. The IceBrick system significantly reduces the hotels electricity requirements and allows for flexibility in charging times. The system is planned to start operating in early 2022. The manufacturing process involved optimization, supplier selection in China, quality control, and the establishment of an assembly plant in California. The IceBrick envelopes are manufactured by Chinese suppliers, while the assembly is done in Los Angeles. The company believes that this production chain structure allows for future capacity expansion and duplication of the local process in other markets.","partners":null,"customers":["Hilton"],"investors":null,"confidence":9,"key_topics":["energy storage","IceBrick","Hilton","Los Angeles","manufacturing"],"date_of_event":"2021-12-31","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"flqyHDIdQA9OifKtiMnSjlZCaLINg6iQYU5VGXDNnjsjdoND4i1XJR","news_summary":"נוסטרומו סיימה את תהליך ייצור תאי האגירה עבור מלון הילטון בוורלי הילס","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"jzjDacoGpvOR0tCO3tIKQ2i0R5RLUBcnUyzWLLnaK60LRhT93pqRol","date":"Sep 14, 2021","link":"https://newsdirect.com/news/nostromo-to-work-with-anheuser-busch-ab-inbev-to-advance-climate-action-goals-across-its-facilities-and-develop-a-roadmap-for-turning-its-cooling-infrastructure-into-energy-storage-assets-770569940","source":"newsdirect.com","visible":1,"analysis":{"tags":"collaboration, sustainability","company":"Nostromo Energy Ltd.","layoffs":null,"summary":"Nostromo Energy Ltd. has announced a collaboration with Anheuser-Busch InBev (AB InBev) to develop a long-term plan to meet the Climate Action goal of the 100+ accelerator program. Nostromo will work with AB InBev to implement its IceBrick cold-energy storage technology in AB InBev facilities, aiming to accelerate the integration of renewable energy, reduce carbon emissions, and enable the charging of more electric vehicles. The collaboration is part of the 100+ accelerator program, which is managed by AB InBev, Coca Cola, Colgate Palmolive, and Unilever. Nostromo is one of 36 companies accepted into the program. The collaboration will involve mapping out opportunities, collecting and analyzing data, and developing tools and methodology for the broad integration of the technology. The collaboration aligns with AB InBevs sustainability goals and its commitment to innovation.","partners":"Anheuser-Busch InBev (AB InBev), Coca Cola, Colgate Palmolive, Unilever","customers":null,"investors":null,"confidence":9,"key_topics":["Climate Action","Energy Storage","Renewable Energy","Sustainability","Collaboration"],"date_of_event":"September 14, 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"xZpXi8nyqabRFV4astJKhrUzNpPxzR98pmE7ZUR4YoqGzN05Zwb1P4","news_summary":"Nostromo To Work with Anheuser-Busch (AB) InBev to Advance Climate Action Goals Across its Facilities and Develop a Roadmap for Turning its Cooling Infrastructure Into Energy Storage Assets | News Direct","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"deba44f0-fb66-4d71-9d64-9e88cdf03e5c","date":"Sep 1, 2021","link":"https://www.weforum.org/agenda/2021/09/thermal-energy-storage-air-conditioning-renewables/","source":"www.weforum.org","visible":1,"analysis":{"tags":"energy transition","company":"Nostromo","summary":"Nostromo, a start-up, has developed the Icebrick ice thermal energy storage technology, which has the potential to reduce the environmental and financial costs of air conditioning in large commercial buildings. The article discusses the benefits of this technology in addressing global warming and its impact on the companys growth. The key topics covered include ice thermal energy storage, cooling, global warming, air conditioning, and commercial buildings. The article does not mention any specific investors, acquisition or investment amounts, layoffs, customers, or partners. The date of the event described in the article is not provided. Confidence level: 8.","investors":null,"key_topics":["Ice thermal energy storage","Cooling","Global warming","Air conditioning","Commercial buildings"],"impact_on_company":"growth-positive","structured_issues":["Customers","Partners"],"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"n2dMIpk41vmz8CK34e47MhtGHTgvQCAXK1Sh6P8qCYI2OFhNGMkpIC","news_summary":"This start-up is putting commercial air conditioning on ice to cool global warming","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"aa3c1229-23e0-43fd-ae20-82f86a410440","date":"Aug 12, 2021","link":"https://nocamels.com/2021/08/israeli-startup-nostromo-water-energy-cool/","source":"nocamels.com","visible":1,"analysis":{"tags":["energy storage","renewable energy","sustainability"],"company":"Nostromo","layoffs":null,"summary":"Israeli company Nostromo is developing an innovative energy storage system called the IceBrick, which utilizes thermal ice energy storage to provide sustainable indoor cooling. The system works by freezing water using surplus solar energy or inexpensive off-peak electricity and thawing the ice during the day to supply air conditioning to buildings. Nostromo claims that the thermal ice method is ten times more efficient in energy density per square meter than other available solutions. The IceBrick can save 8 to 12 kWh in electricity consumption. The technology is seen as more environmentally conscious and sustainable than lithium-ion energy storage systems, which require intensive mineral extraction. Nostromo believes that water-based energy storage systems are the future of clean energy.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["energy storage","renewable energy","sustainability","thermal ice energy storage","water-based energy storage"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"o2N5Ny0rWZpWILxM5GRbf8Gsoa8n6a6VTQhqIrdXUq6efl5mEU5UT4","news_summary":"Buildings On Ice: Israeli Startup Develops Water-Based Energy System To Cool Structures","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"233b2f00-4d1c-4498-9a77-08f4429535f1","date":"Jun 22, 2021","link":"https://en.globes.co.il/en/article-energy-storage-co-nostromo-raises-136m-on-tase-1001375484","source":"en.globes.co.il","visible":1,"analysis":{"tags":"merger","company":"Nostromo","layoffs":null,"summary":"Nostromo, an Israeli cold-energy storage company, has completed a merger with software company Somoto and listed on the Tel Aviv Stock Exchange. The merger raised $13.6 million for Nostromo. Nostromos advanced energy storage technology based on modular ice cells is aimed at meeting the growing demand for cooling driven by global warming while reducing stress on the grid. The technology is suitable for various facilities with large electricity demands. Nostromo has already secured agreements with Hilton Beverly Hills hotel, Sandstone Properties, and Westfield, among others. The company also has R&D projects with Royal Dutch Shell and partnerships with US engineering companies. Nostromos CEO believes their technology offers a scalable and safe alternative to lithium-based storage.","partners":["Royal Dutch Shell"],"customers":["Hilton Beverly Hills hotel","Sandstone Properties","Westfield"],"investors":null,"confidence":9,"key_topics":["merger","energy storage technology","renewable energy","cooling demand","partnerships"],"date_of_event":"June 22, 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Acquisition","Public Trading"],"acquisition_amount":null,"structuredIssuesShow":"#Acquisition  #Public Trading","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"61BhWbKWTLkixL5ZXANcA1qpawtS9LEaFSmWTMJU3Vp4FGaWQ1MKO2","news_summary":"Energy storage co Nostromo raises $13.6m on TASE","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"b92ad12f-30e8-45dd-8266-a0c55c207675","date":"Feb 15, 2021","link":"https://www.jpost.com/opinion/shattuck-invests-in-green-energy-firm-nostromo-658969","source":"www.jpost.com","visible":1,"analysis":{"tags":"energy storage","company":"Exelon","layoffs":null,"summary":"Mayo Shattuck, the head of Exelon, has made a $500,000 personal investment in Nostromo, an Israeli energy storage company. Nostromo has developed a sustainable cooling system called IceBrick that uses electricity to freeze water at night and thaws it during the day to cool large spaces. This technology addresses the problem of continuous electricity supply and is considered environmentally friendly. Exelon is a major energy company operating in Canada and the US, and Shattucks investment in Nostromo is seen as a sign of trust in the Israeli green energy company.","partners":["Taavura Group","Judith and Kobi Richter","Menora Mivtachim Energy"],"customers":null,"investors":"Mayo Shattuck","confidence":9,"key_topics":["Exelon","Nostromo","IceBrick","energy storage","renewable energy"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":500000,"structured_issues":["Investment","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"vvpaNM02euyXP4lGR9QZ5VXsblv0bKsA0QqleumyZvbiAbomWNBj4P","news_summary":"https://www.jpost.com/opinion/shattuck-invests-in-green-energy-firm-nostromo-658969","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"f1d88350-d674-43f9-bea8-b3f6c07db2d5","date":"Feb 8, 2021","link":"https://www.sponser.co.il/Article.aspx?_atscid=7_134353_204082920_1759085_0_Txtetaxjxdshwhus8sp&ArticleId=103687","source":"www.sponser.co.il","visible":1,"analysis":{"tags":"Investment, Energy","company":"Nostromo","layoffs":"Not mentioned","summary":"Mayo Shattuck, chairman of American energy giant Exelon, is investing $500,000 in Nostromo, a company merging with Somoto. The investment is part of a $3.3 million funding round Nostromo is conducting to meet the conditions of the merger agreement with Somoto. Following the investment, Shattuck will hold about 1.33% of Nostromo. Nostromo, established in 2017, is involved in the development, installation and operation of energy storage facilities for office buildings, malls, hospitals, data centers and other commercial consumers of air conditioning.","partners":"Somoto","customers":"Not mentioned","investors":"Mayo Shattuck","confidence":9,"key_topics":"Investment, Energy Storage, Merger","date_of_event":"08.02.21","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"$500,000","structured_issues":"Investment","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"De57CO5jnjUg2dsnEONSHfS5pjk8mZurX9ZGqbQ3yuBTHLcHsDCGoG","news_summary":"סומוטו: יו\"ר חברת האנרגיה האמריקאית אקסלון ישקיע חצי מיליון דולר בנוסטרומו","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"3c52acf3-6831-4ba3-b526-bc10109ffd79","date":"Oct 25, 2020","link":"https://www.new-techonline.com/2020/10/%D7%A0%D7%95%D7%A1%D7%98%D7%A8%D7%95%D7%9E%D7%95-%D7%94%D7%A0%D7%9E%D7%A6%D7%90%D7%AA-%D7%91%D7%AA%D7%94%D7%9C%D7%99%D7%9A-%D7%9E%D7%99%D7%96%D7%95%D7%92-%D7%94%D7%9E%D7%AA%D7%A7%D7%93%D7%9D-%D7%9B-3/?_atscid=7_134353_204082920_1615859_0_Txtetaxjxdshwhus8sp","source":"www.new-techonline.com","visible":1,"analysis":{"tags":"partnership","company":"נוסטרומו","layoffs":null,"summary":"נוסטרומו, an Israeli energy storage company, has signed a partnership agreement with Black & Veatch, an American engineering firm. 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