TEL AVIV, Israel--(BUSINESS WIRE)--Nostromo, an ice-powered energy storage company, announces that it will trade on the Tel Aviv Stock Exchange under the ticker NOST. On June 21st, the company completed a merger with the Tel Aviv Stock Exchange (TASE) listed company Somoto. Following the merger, the company’s name was changed to “Nostromo Energy Limited”.
Nostromo is commercializing the world’s most advanced modular energy storage technology for cooling commercial and industrial buildings. The technology harnesses the power of renewables to meet the growing demand for cooling driven by Global Warming, while reducing stress on the grid. This summer, the company will be cutting the ribbon on its system at Medinol’s headquarters.
Nostromo accelerates the renewable energy revolution. Its sustainable energy storage solution enables commercial and industrial buildings to become large scale energy assets. This benefits building owners, the electric grid and ultimately paves the way for a carbon-free future. Nostromo’s revolutionary technology, the Nostromo IceBrick™, stores energy during off-peak or surplus solar hours and uses it for cooling during peak hours. Nostromo’s solution is safe, clean, cost-effective and highly modular, making it ideal for installation in existing commercial buildings and industrial facilities. For more information, please visit: https://www.nostromo.energy