Homerun Resources Inc. Executes NREL Enduring Thermal Energy Storage Global Intellectual Property Agreement Including New Patent Application and EMS Integration

Core Insights - Homerun Energy USA, Inc., a wholly-owned subsidiary of Homerun Resources, Inc., has signed an Intellectual Property Agreement with Alliance for Sustainable Energy, LLC, which manages the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) [2][4] - The agreement is a result of a two-year partnership and aims to commercialize technologies related to particle-based thermal energy storage systems [3][4] - A new patent application has been filed for a thermal energy storage system that integrates silica sand purification, enhancing the potential for advanced energy applications [4][9] Company Developments - The Intellectual Property Agreement allows Homerun to secure options for licensing certain intellectual property from Alliance, facilitating the advancement of technologies towards commercial application [3][5] - The option period for the agreement is set for twelve months, with ongoing negotiations expected during this timeframe [3] - Homerun's AI Energy Management System (EMS) will be integrated into the NREL's thermal energy storage systems, optimizing energy capture and storage efficiency [12][19] Technology and Innovation - The thermal energy storage system utilizes silica sand as both the storage medium and a product of the silica purification process, which is a key aspect of the innovation [9][10] - The system includes various components such as a particle-lifting device, charging electric heater, insulated storage silos, and discharge heat exchanger [8][16] - The technology aims to recover and reuse process heat, providing flexible revenue streams through power sales and industrial process heat contracts [17][18] Market Strategy - Homerun Resources is focused on building a vertically integrated platform for clean energy manufacturing, emphasizing the importance of strategic partnerships and disciplined execution [19] - The company is committed to advancing long-duration, silica-based thermal storage systems to decarbonize industrial heat and enhance grid flexibility [18] - The commercialization plan includes a vigorous effort to bring the Alliance Intellectual Property to market through a comprehensive program [5]