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Lysaker 11–50 employees Energy storage · Solar · Wind kyotogroup.no
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Kyoto Group
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About Kyoto Group

Company Overview

Name

Kyoto Group AS, a Norwegian private limited company listed on Euronext Growth Oslo under the ticker KYOTO (source: cision.com)

Headquarters

Lysaker, Norway

Founded

2016

Size

Approximately 40 employees globally, with operations in Norway, Spain, and Denmark (source: pitchbook.com, cision.com)

What They Do

Kyoto Group specializes in industrial heat storage technology, developing and commercializing Heatcube, a modular molten-salt thermal energy storage system designed to capture low-cost electricity—particularly from variable renewable sources like wind and solar—and convert it into industrial steam or heat on demand (source: cision.com, kyotogroup.no). Their technology enables industrial customers to decouple the timing of electricity generation from heat usage, providing green steam at scale and supporting grid flexibility by storing excess renewable energy as heat for later use (source: q4cdn.com, q4cdn.com). The Heatcube system is customizable and scalable, with capacities starting from 5 MW, targeting industrial sectors reliant on steam and cogeneration infrastructure to decarbonize their thermal energy consumption (source: kyotogroup.no, pitchbook.com). Kyoto Group's focus on high-temperature industrial heat storage differentiates it from conventional battery-electric storage solutions, emphasizing modular deployment and compatibility with variable renewable electricity (source: cision.com).

Projects & Track Record

Kyoto Group's first commercial deployment was a thermal energy storage installation at Nordjyllandsværket in Denmark, progressing toward commissioning in early 2023 (source: euronext.com). In Spain, the company secured a letter of intent in October 2022 with one of the country's largest cogeneration facility owners to deliver and install a Heatcube system in the second half of 2023, marking its expansion into the Iberian market (source: kyotogroup.no). These projects illustrate Kyoto Group's early-stage commercial footprint focused on Denmark and Spain rather than a broad portfolio of completed assets (source: euronext.com). The company’s market positioning is supported by strategic partnerships and investors including Glentra, Iberdrola, Spirax Group, Hydro Energi Invest, and Valinor, which provide both financial backing and industry connections (source: pitchbook.com, q4cdn.com). Kyoto Group also showcased its technology and industrial heat decarbonization focus as an exhibitor at Hannover Messe 2026, highlighting its offices in Oslo and Seville and subsidiaries in Denmark (source: hannovermesse.de).

Recent Developments

In April 2024, Kyoto Group published its 2023 annual report reaffirming its headquarters in Lysaker, its founding year of 2016, and its business model centered on the Heatcube molten-salt thermal energy storage system (source: cision.com). The company maintained active public visibility through 2026, including participation as an exhibitor at Hannover Messe 2026, where it reported an employee range of 11–50 as of January 2025 and identified Glentra as its principal owner (source: hannovermesse.de). Kyoto Group’s newsroom continued to publish updates into September 2026, including commentary on Norway’s initiative to ban fossil fuels from industrial heat processes, underscoring its commitment to industrial decarbonization (source: kyotogroup.no). Although some investing coverage in 2024 suggested the company was taken private, Kyoto Group’s own communications and event participation through 2026 consistently presented it as operating publicly under the Kyoto Group AS identity (source: investing.com, kyotogroup.no).

Working There

Kyoto Group hires across a range of functions including engineering, operations, commercial, finance, and business development, reflecting the multifaceted nature of its industrial technology and project-based business model (source: hannovermesse.de, cision.com). The company operates primarily from its headquarters in Lysaker, Norway, with additional offices in Seville, Spain, and subsidiaries in Denmark, providing a geographically diverse workplace environment (source: cision.com, hannovermesse.de). Publicly available materials emphasize a culture focused on industrial decarbonization, energy market flexibility, and modular product deployment, prioritizing technical execution and strategic partnerships over consumer-style branding (source: kyotogroup.no, q4cdn.com).

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