Nostromo Energy Limited

Nostromo Energy Limited specializes in innovative energy storage solutions, focusing on optimizing energy consumption for commercial buildings through its proprietary IceBrick® technology. Nostromo Energy Limited was founded in 2016 in Israel and is dedicated to providing advanced energy storage systems. The company was established by Eyal Ziv, Ofir Steinberg, and Yaron Nun. In November 2021, Nostromo raised USD 9.

1 mn in PIPE funding, led by Migdal Insurance Company, with participation from Freepoint Commodities LLC. The total amount raised by the company is USD 9. 1 mn over four different funding deals. Nostromo's primary offering is the IceBrick® energy storage system, which enables buildings to optimize their energy consumption and reduce costs.

This technology charges ice-based storage cells during off-peak hours when electricity rates are lower and utilizes this stored energy during peak demand periods to minimize reliance on expensive grid power. The IceBrick® system integrates with chiller-cooled buildings, enhancing cooling performance while occupying minimal space. The company's clientele includes commercial buildings across sectors such as hospitality, government, higher education, and data centers, mainly in the United States, promoting energy efficiency and sustainability. Nostromo generates revenue through its Energy Storage as a Service (ESaaS) model, allowing clients to implement energy storage solutions without upfront capital costs.

This structure enables clients to benefit from the IceBrick® system’s ability to lower peak-time energy demands while managing electricity costs effectively. The model involves structured agreements where clients pay for energy storage service based on usage, aligning costs with the financial benefits derived from efficient energy management. In November 2021, Nostromo Energy Limited raised USD 9. 1 mn in PIPE funding, which will be utilized to expand operations in the US market and enhance research and development, software, engineering, project management, production, quality assurance, regulatory compliance, and marketing efforts.

The company aims to expand its reach and implement new products to meet the growing demand for energy storage solutions.