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this is a great day Rondo and our production partner are announcing the world's largest production capacity for energy storage Rondo and scg have been working together
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for several years now as we bring Rondo heat batteries into operation and into production and I'm thrilled to announce that we now have 2.4 gigawatt hours a
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year of production capacity up and running with scg today I'm also thrilled to announce that we are bringing that production capacity to 90 gigawatt hours
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per year over the next several years 90 gigawatt hours per year is the equivalent in CO2 of about 2 million electric cars 90 gigawatt hours a year is larger than
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any battery Factory that's in the world today since our founding Rondo has brought to existence a new technology for storing energy storing energy as heat to drive
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the world's industrial processes that make everything to store Heat at the temperatures and the costs and the efficiencies that industry needs in
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March 2023 we commissioned our first commercial installation a small Rondo heat battery at calgaryen renewable fuels that first Rondo heat battery running in
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that customer environment has now proven storage capacity above nameplate we rated the unit at two megawatt hours we've delivered 2.3 megawatt hours reliably from that
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unit that unit that's running today that is the highest temperature energy storage in the world it is also the highest efficiency energy storage in the world of any kind it's running the same
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bricks that are in every Rondo heat battery and those bricks that brick design is now in volume production with scg we
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are thrilled to be working with scg scg is a world leading producer of a number of the things the world is made of of cement of paper of plastic scg
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develops renewable energy projects they are focused on driving their own operations to zero emissions and providing core technology for others
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zero emission projects they have deep understanding of Supply chains of Worldwide Logistics of high quality production they're a winner of the
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international Deming prize for Total Quality those are the things that we need to go to scale when we see Londo we see that the solution that Lando offer is very promising
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so storing the heat in the refractory is very simple and robust for Londo to achieve the target to decarbonize the industrial heat not only the technology is required but also they need the
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capacity production capacity and the supply chain seg we have 180 000 tons of the capacity to produce refractory ideas and we are currently selling to
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80 countries around the world we can be a partner to support this decabilization so when I saw the the first unit in cow green this is the first two megawatt
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hour of the heat battery in calculate in operation we start to see that they can literally move the the boiler so this is the real solution and very effective so this is just starting that we're going
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to change the world we've now reached this moment that we're ready to serve we're ready to deliver on This Promise of lower cost heat that's zero emission
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because we have the capacity as an organization today to work with customers around the world the technology is proven and we now have the manufacturing capacity to deliver around
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the world foreign
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