Fashion retailer H&M Group has partnered with Rondo Energy, a zero-carbon industrial heat and power provider, to explore the integration of heat storage technologies within its supply chain. The strategic move includes an investment in Rondo and a seat on Rondo’s strategic investor advisory board. The gold standard of business intelligence.
The collaboration will allow Rondo to provide clean, affordable heat for H&M’s textile factories globally. Rondo’s heat batteries combine traditional materials and modern automation to convert intermittent renewable electricity into continuous, high-temperature heat and power. The technology is suitable for industries such as textile production.
H&M Group and Rondo will explore opportunities for transitioning factories in H&M’s supply chain from fossil fuels to the clean energy provided by Rondo. Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research.
Gain competitive edge. Your download email will arrive shortly We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form The investment from H&M Group Ventures will support Rondo’s expansion of international operations and the development of storage projects.
As part of Rondo’s advisory board, H&M Group joins other industry giants in the pursuit of scalable, cost-effec.