Kyoto Group AS

Regulatory Filings • Aug 16, 2022

Heat: the forgotten word in renewable energy

Heat: the forgotten word in renewable energy

An event to put the biggest problem in the energy transition on the map. Our

modern world needs heat more than anything else, but we never talk about it.

We're changing that Wednesday 17th of August at 08:30 am on the boat Brim

Explorer at Arendalsuka.

Put your finger on something made without heat, we dare you! While the transport

sector uses 35% of all energy, the production of heat for any purpose consumes

half of all energy used by humans. Half! And almost entirely produced from

fossil sources, resulting in 40% of the total CO2 emission. If you have a

material and want to turn it into something else, you will use heat. This is a

problem you cannot quit. There is no vegan choice for heat. You cannot escape

into the bus lane with your electric car, and there's no railway option for the

flight. You're in it. Almost everything is made using heat. However, we never

talk about it. So why should we?

Recently the Norwegian government launched their "Grønt Industriløft". One of

the most important challenges - heat - wasn't mentioned with a word. Even though

half of the energy demand from the industry is heat. The result? The energy

transition will go slower, at best. This is about what energy is used for, and

using the right technology to fill the need fast. It is impossible to talk about

decarbonizing the industry without talking about heat. And a heat problem is

most efficiently solved using a heat solution. We need to electrify industrial

process heat with renewable energy, and to do that we also need to be able to

store the energy as heat.

The Long Duration Energy Storage Council (LDES) and Kyoto Group will co-host the

event, with a virtuel guest speaker from McKinsey: "Heat: the forgotten word in

renewable energy" at Arendalsuka on August 17th at 8:30 am at the fully

electrical boat Brim Explorer. The event will also be held virtually. Eivind

Reiten (Chairman of Kyoto Group and former Minister of Petroleum and Oil in

Norway), and virtual guest speaker Godart van Gendt (Senior Expert at McKinsey &

Company), will participate in the discussion.

Are you not able to join the physical event? Registration is not necessary but

you can sign up to get the livestream link directly in your inbox.

You will also get the presentation afterwards here:

https://www.kyotogroup.no/arendalsuka-2022

Join the livestream:

https://www.kyotogroup.no/arendalsuka-2022-live-video-stream

About the event at ARENDALSUKA 2022:

· Who: Kyoto, LDES & McKinsey

· What: In-person and virtual discussion: "Heat: the forgotten word in

renewable energy"

· Time: Wednesday, August 17th at 8:30 am CEST

· Where: The fully electrical boat Brim Explorer, Arendal, and live stream

For additional information, please contact:

Kyoto Group

Kyoto Group CEO Camilla Nilsson +47 48 29 56 85 or camilla@kyotogroup.no

The Long Duration Energy Storage Council Long Duration (LDES)

Director of Communications North America Larissa Y. Fair +1 703 346 1344 or

lfair@ldescouncil.com

About Kyoto Group

Kyoto Group offers a thermal battery, the Heatcube, to produce, store and supply

renewable heat to industrial players. The Heatcube secures heat supply based on

renewable energy for industrial production process and thereby enables the

industry to significantly reduce their CO2 footprint. The Heatcube utilizes

lower-cost engery sourced from excess solar and wind energy.

To learn  more: www.kyotogroup.no

About the LDES Council

The LDES Council is a global, executive-led non-profit membership organization,

comprising technology providers, equipment providers, renewable energy

companies, utilities, grid operators, investors, and end-consumers. It strives

to accelerate decarbonization of the energy system at lowest cost to society by

driving innovation, commercialization and deployment of long duration energy

storage. The LDES Council provides fact-based guidance and information to

governments, industry and broader society, drawing from the experience of its

members which include leading energy companies, technology providers, investors

and end-users.

To learn more: www.ldescouncil.com.