Nostromo Energy Overview
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. .
Cumulative Funding Raised Over Time ($)
$2.7M
$3.2MDec 2017
$7.8MDec 2018
$312.8MDec 2024
$313.3MFeb 2021
$322.4MNov 2021
$323.6MOct 2022
Latest News
growth-positive
/PRNewswire/ -- Nostromo Energy, provider of the IceBrick® system, a virtual power plant (VPP)-enabled thermal energy storage solution for commercial and...
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.
InvestmentExpand
growth-negative
Nostromo Energy Completes Voluntary Delisting
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.
Public TradingAcquisition
growth-positive
Nostromo Energy's IceBrick® Technology Selected by GSA and DOE for Evaluation in 'Green Proving Ground' Program
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.
CustomersPartners
growth-negative
Nostromo Energy Shareholders Approve Going-Private Arrangement
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.
Public Trading
growth-positive
Nostromo Energy Enters into an Agreement to Become Private
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.
InvestmentAcquisition
| Sector | Energy Tech |
Funding
| Total funding | $34.82M |
| Last funding | $305M |
| Stage | Mature |
| Rounds | 14 |
| Investors | 9 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | nostromo.energy |
Locations
Shdema, Israel
Photos & Videos
2 item(s)
Nostromo Energy Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Climate TechEnergy TransitionEco-Efficient Energy StorageClean Industry Tech Green ConstructionEnergy TechEnergy Management & Grid IntegrationTarget Customer
Industrial ManufacturingProcess IndustriesPlasticsChemicals & PetrochemicalsHybrid IndustriesFood & BeveragesTravel & TourismHospitalityEnergy, Utilities & Waste ManagementRenewable Energy SystemsGovernment & CityMunicipalitiesReal Estate & ConstructionDevelopmentCore Technology
—Tags (13)
heating-and-coolingclimate-techindustrial-technologieswaterthermal-energyoperations-optimizationenergyenergy-storageenergytechenergy-efficiencyalternative-storagedata-centerscommercial-sitesGeographic Markets
United StatesSouth AsiaNorth AmericaIsraelNostromo Energy Financials
$34.82M
Total funding
Undisclosed
Capital raised
$305M
Last funding
Mature
Funding stage
14
Total rounds
9
Investors
Cumulative Funding Raised Over Time ($)
$2.7M
$3.2MDec 2017
$7.8MDec 2018
$312.8MDec 2024
$313.3MFeb 2021
$322.4MNov 2021
$323.6MOct 2022
Private Equity Funding
Debt Financing
Dec 2024
$305M
U.S. Department of Energy Loan Program Office
PIPE
Oct 2022
$1.25M
Freepoint Commodities Investments
PIPE
Nov 2021
$9.1M
Migdal Insurance and Financial Holdings (Lead)
,
Freepoint Commodities Investments
Undisclosed Round
Feb 2021
$500K
Mayo Shattuck
Seed
Dec 2018
$4.6M
Taavura Holdings, Judith Richter, Kobi Richter, Rami Ungar, Menora Mivtachim Insurance
Convertible Debt
Dec 2017
$500K
Taavura Holdings
Undisclosed Round
$2.7M
Non-Equity Funding
GrantEvent
Oct 2022
$384.66K
Israel Innovation Authority
GrantEvent
Jun 2020
$156K
GrantEvent
Feb 2020
$400K
Israel Innovation Authority
GrantEvent
Dec 2018
$950K
BIRD Foundation
GrantEvent
Jun 2018
$500K
Shell Ventures
GrantEvent
Jan 2018
$180K
Israeli Ministry of Energy
Public Offering / Exit
DelistingEvent
Aug 2024
Undisclosed
ReverseMergerEvent
Jun 2021
Undisclosed
POEvent
Jun 2021
Undisclosed
Mergers & Acquisitions
MNAEvent
Aug 2020
Undisclosed
Nostromo Energy Lifecycle
Cumulative Funding Raised Over Time
$2.7M
$3.2MDec 2017
$7.8MDec 2018
$312.8MDec 2024
$313.3MFeb 2021
$322.4MNov 2021
$323.6MOct 2022
All Events
Debt Financing
Dec 2024
$305M
U.S. Department of Energy Loan Program Office
PIPE
Oct 2022
$1.25M
Freepoint Commodities Investments
PIPE
Nov 2021
$9.1M
Migdal Insurance and Financial Holdings (Lead)
,
Freepoint Commodities Investments
Undisclosed Round
Feb 2021
$500K
Mayo Shattuck
Seed
Dec 2018
$4.6M
Taavura Holdings, Judith Richter, Kobi Richter, Rami Ungar, Menora Mivtachim Insurance
Convertible Debt
Dec 2017
$500K
Taavura Holdings
Undisclosed Round
$2.7M
GrantEvent
Oct 2022
$384.66K
Israel Innovation Authority
GrantEvent
Jun 2020
$156K
GrantEvent
Feb 2020
$400K
Israel Innovation Authority
GrantEvent
Dec 2018
$950K
BIRD Foundation
GrantEvent
Jun 2018
$500K
Shell Ventures
GrantEvent
Jan 2018
$180K
Israeli Ministry of Energy
DelistingEvent
Aug 2024
Undisclosed
ReverseMergerEvent
Jun 2021
Undisclosed
POEvent
Jun 2021
Undisclosed
MNAEvent
Aug 2020
Undisclosed
Nostromo Energy News
29 articles
growth-positive
/PRNewswire/ -- Nostromo Energy, provider of the IceBrick® system, a virtual power plant (VPP)-enabled thermal energy storage solution for commercial and...
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.
InvestmentExpand
growth-negative
Nostromo Energy Completes Voluntary Delisting
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.
Public TradingAcquisition
growth-positive
Nostromo Energy's IceBrick® Technology Selected by GSA and DOE for Evaluation in 'Green Proving Ground' Program
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.
CustomersPartners
growth-negative
Nostromo Energy Shareholders Approve Going-Private Arrangement
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.
Public Trading
growth-positive
Nostromo Energy Enters into an Agreement to Become Private
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.
InvestmentAcquisition
growth-positive
נוסטרומו ואוניברסיטת קליפורניה בשת"פ: תפתח מערכת אגירת אנרגיה ייחודית לקמפוסים
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
growth-positive
Nostromo Energy's IceBrick® Energy Storage Systems Awarded First Resource Adequacy Credits by the California Public Utilities Commission
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.
CustomersPartnersInvestment
growth-positive
Nostromo Energy Invited by the Department of Energy to Due Diligence and Term Sheet Negotiations for the IceBrick® Energy Storage Project
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.
Investment
growth-positive
Luxe Beverly Hills hotels use Israeli tech to go greener - ISRAEL21c
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.
CustomersPartners
growth-positive
The Beverly Hilton and The Waldorf Astoria Beverly Hills Hotels Select Nostromo to Significantly Reduce Carbon Emissions
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.
PartnersCustomers
growth-positive
Giant Ice Trays Cool Buildings Using Green Energy
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.
CustomersPartners
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
growth-positive
נוסטרומו, המתמחה באגירת אנרגיה בבניינים, תיהנה מחקיקת האקלים הגדולה ביותר בהיסטוריה האמריקנית שאושרה בסוף השבוע האחרון
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.
Investment
growth-positive
Soroka Medical Center To Install Nostromo Energy Storage Tech
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.
Customers
growth-positive
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
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.
InvestmentCustomersPartners
growth-positive
Nostromo cryogenically stores something other than humans to reduce global warming - Grit Daily News
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.
InvestmentExpand
growth-positive
Nostromo Raises $9.1M In Equity Funding - FinSMEs
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.
InvestmentExpand
growth-positive
חברה ישראלית פיתחה מערכת לייצור חשמל בצורה בלתי מזהמת כל הפרטים
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.
Expand
growth-positive
נוסטרומו סיימה את תהליך ייצור תאי האגירה עבור מלון הילטון בוורלי הילס
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.
PartnersExpand
growth-positive
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
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
growth-positive
This start-up is putting commercial air conditioning on ice to cool global warming
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.
CustomersPartners
growth-positive
Buildings On Ice: Israeli Startup Develops Water-Based Energy System To Cool Structures
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.
Customers
growth-positive
Energy storage co Nostromo raises $13.6m on TASE
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.
AcquisitionPublic Trading
growth-positive
https://www.jpost.com/opinion/shattuck-invests-in-green-energy-firm-nostromo-658969
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.
InvestmentPartners
growth-positive
סומוטו: יו"ר חברת האנרגיה האמריקאית אקסלון ישקיע חצי מיליון דולר בנוסטרומו
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.
Investment
growth-positive
נוסטרומו, הנמצאת בתהליך מיזוג המתקדם כמתוכנן עם סומוטו, מודיעה על הסכם עם חברת הנדסה אמריקאית מובילה לשיתוף פעולה בארצות הברית ובפרט בשוק חוות השרתים New-Tech OnLine
נוסטרומו, an Israeli energy storage company, has signed a partnership agreement with Black & Veatch, an American engineering firm. The partnership aims to collaborate in the US server farm market, with נוסטרומו providing its thermal energy storage technology exclusively and B&V acting as the primary installer of נוסטרומוs products for end customers. The agreement allows both parties to pursue joint projects for the installation of נוסטרומוs products, enabling significant energy efficiency and carbon footprint reduction for end customers. נוסטרומו has already entered the US market with a project in Los Angeles, California, funded by BIRD Energy. The partnership with Black & Veatch opens up new opportunities for נוסטרומו and aligns with its vertical marketing strategy through strong partnerships with leading engineering and infrastructure companies.
Partners
growth-positive
Nostromo energy storage to merge with Somoto
Nostromo has signed an agreement to merge with Somoto, a TASE company that has sold its app distribution activities. Nostromo will start trading on the Tel Aviv Stock Exchange through the merger. Somoto will allocate 75% of its shares to Nostromo, while retaining 25% of equity. The deal values Nostromo at $37.5 million. Nostromos shareholders include Yaron Ben-Nun, Koby and Yehudit Richter, the Livnat family, and Rami Ungar. Somotos share price rose over 60% following the announcement.
AcquisitionPublic Trading
growth-positive
https://www.jpost.com/israel-news/israeli-energy-technology-start-ups-seek-american-embrace-596595
Israeli start-ups showcased their technologies to US Energy Secretary Rick Perry, aiming to penetrate the US energy sector. The start-ups presented their innovations in the field of energy to an audience of Israeli and American energy executives, investors, and entrepreneurs. The showcased start-ups included Eviation, Phinergy, EV Meter, Fluence, Electreon, and Nostromo. The Energy Minister of Israel emphasized the importance of cooperation between the two countries. The US Energy Secretary expressed his admiration for Israeli innovators and their contributions to water conservation and efficiency. Electreon, a start-up specializing in wireless electric road technology, highlighted the potential market in the United States for their solution. The Energy Secretarys support could help the start-up enter the US market. The article also mentions the upcoming meeting of the Eastern Mediterranean Gas Forum in Cairo.
PartnersInvestment
growth-positive
Nostromo Introduces the IceBrick™, the World's First Modular Thermal Energy Storage Cell
Nostromo has announced the IceBrick™ TES cell, a cost-effective and modular thermal energy storage solution. Each cell can store and discharge an amount of energy equivalent to 25 kWh of electricity consumed by cooling systems at peak demand hours. The IceBrick™ is lightweight and can be installed on rooftops and exterior walls, taking up minimal space. It reduces the cost per kWh by 80% compared to leading ice storage systems. Nostromo aims to shift the grids peak demand by storing energy when there is a surplus and discharging it when demand is high. The IceBrick™ will be presented at the Cleantech Forum in San Francisco. Nostromo is an energy storage startup based in Israel.
PartnersExpand
Nostromo Energy Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 36 |
| Team members | 6 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Fredrik Liljedahl |
| Registrar ID | 515635506 |
| Crunchbase | nostromo |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-26T00:00:00.000Z |
| Created | 2016-09-25T00:00:00.000Z |
| Claimed | Yes |