TEXEL Energy in Partnership with Jord AB to Develop Green Electricity Technology – EQ
In Short – TEXEL Energy and Jord AB collaborate to advance green electricity technology, fostering innovation and sustainable energy solutions. This partnership marks a significant step towards a cleaner, more environmentally-friendly energy landscape
In Details – TEXEL Energy has announced increased investment in Jord AB, a company focused on cultivating C4 grass for renewable fuel production. Simultaneously, the two companies have inked an agreement to adapt TEXEL’s energy production technology to generate electricity from Jord’s pellets and briquettes, derived from C4 grass. Jord AB aims to revolutionize the renewable energy landscape by cultivating C4 grass, known as the world’s fastest-growing biomass, at various locations worldwide. By converting this special grass into renewable fuel in the form of pellets and briquettes, Jord envisions a greener future with reduced reliance on fossil fuels.
The collaboration builds upon Jord’s existing cultivation sites in Senegal and the Dominican Republic. Leveraging TEXEL’s recent acquisitions from Swedish Stirling and AZELIO, TEXEL is poised to adapt these assets to convert C4 grass into scalable electricity, marking a significant step in the global energy transition. Lars Jacobsson, CEO and founder of TEXEL Energy AB, said: “The expansion of our partnership with Jord AB represents a natural progression in TEXEL’s strategy to diversify within the scalable and sustainable energy sector.”
Lars Jacobsson highlighted the investment not only increases TEXEL’s stake in Jord AB but also secures exclusive rights to enhance the application of TEXEL’s technology for generating green electricity from Jord AB’s C4 pellets. TEXEL anticipates significant market potential in technologies that convert heat and biofuel into electricity, positioning itself as a global leader in this field. With increasing demand for volume production of engines to meet rising energy needs, Stirling technology offers versatile solutions and plays a pivotal role in the ongoing energy transformation. Peder Dagsánth, CEO of Jord AB, underscored the transformative potential of their sustainable biofuel and the collaboration with TEXEL in modern electricity production. He stated, “Our sustainable biofuel can replace various types of fossil fuels and can also be integrated into a new, modern technology for electricity production that the collaboration with TEXEL will lead to.”
