New business model of thermal power storage

The need for reliable, cost-effective, utility scale energy storage that is universally applicable across different regions is becoming evident with the global transition towards non-polluting renewable energy resources. While tech giants explore nuclear fusion, thermal storage is ready today and can be deployed in months to provide cost-effective, reliable clean energy. Participants at the World Economic Forum Annual Meeting 2026 will discuss how such innovations can help build prosperity within planetary. Battery systems have so far dominated the energy storage conversation—but Thermal Energy Storage (TES) systems, often overlooked, are rapidly proving indispensable in strengthening grid resilience and ensuring energy security in clean-energy environments. Exhibit A is the US startup Fourth Power, which has just nailed down $20 million to bring its new thermal energy storage system to market.