Project update: Kyoto Heatcube at Nordjyllandsværket has received building
permits

Oslo, 24 February 2022 - Today, Kyoto Group announces that it has received the
necessary building permits from Aalborg Municipality for constructing the Kyoto
Heatcube customer Aalborg Forsyning and their green energy test center at
Nordjyllandsværket. In addition, an official address for the site has been
assigned by the authorities. 

The Heatcube will be installed at Nordjyllandsværket power plant outside of
Aalborg as a commercial demonstration unit. As previously communicated, Kyoto
Group has started manufacturing of the Heatcube which will be installed at
Nordjyllandsværket. The thermal battery is under construction in Spain and
currently tracing and insulation works are in progress before the tanks will be
shipped to Denmark.

This specific unit will be configured with 18 MWh of storage capacity and with a
discharge load of 4 MW, as compared to the standard design of 20 MWh of storage
and 5MW discharge load. The full system will be delivered in 20-feet containers
on-site, ready for integration. Thanks to the modular design, as many units as
needed can be installed at the site.

When installed, the Heatcube will become part of Nordjyllandsværket and Aalborg
Varme's program to test and introduce new clean energy solutions and phase out
coal. The Kyoto Group Heatcube thermal battery will provide heat to the local
district heating system under a leasing contract, and the energy input is
electricity sourced from onsite windmills or as a flexible asset/reserve for the
grid. 

ENDS 

For additional information, please contact:
CFO and interim CEO Camilla Nilsson +47 48 29 56 85 or camilla@kyotogroup.no 

About Kyoto Group
Kyoto Group aims to capture and manage the abundant energy from variable
renewable sources such as solar and wind power and apply it to reduce the CO2
footprint for industrial thermal loads. The Company plans to lease & operate and
sell Heatcube thermal batteries with capacity from 5MW, enabling industrial
consumption of low-cost heat sourced from excess solar and wind energy.

www.kyoto.group