An Opportunity As Big As Electricity & Transportation Combined
The Business Analytics Institute and FutureGrasp will hold a global online conference March 25th to help strategic decision-makers understand the opportunity and challenges of embedded finance …
Cost of Heat
So far, the only available methods for large-scale sustainable production of heat at sufficiently high temperatures come at costs 2-3 times the fossil-fired alternatives.
Higher temperatures give more potential use cases, reduce the volumes needed to process or store the heat, and increase efficiency of several processes including conversion efficiencies of turbines turning heat into electricity.
The ability to store excess energy is key in transitioning from a fossil-powered energy system to a system built on sustainable methods of energy generation. This article is a call-out to all the inventive minds and resourceful investors out there. There should many opportunities in this space over the next many years.
Taking advantage of the relatively low costs of long-duration heat storage is one way to further increase renewables share of the energy market.
Plenty of Room
Outside cities are industrial zones and outside industrial zones is farmland with plenty of room for solar fields.
The same sustainable solution, sold at the same price to the same customer delivering the same performance for the same purpose in the same place, produces energy at costs somewhere between 50 and 200% the price of natural gas.
Electricity is just one part of the puzzle
You are in the same boat as possibly most other people – but nevertheless wrong – if you think the world will become a clean, carbon emission free place as soon as most energy demanding processes have been electrified and powered by solar cells and wind turbines.
Decarbonizing Industrial Heat
13-14% of global carbon emissions are caused by heat-driven industrial processes up to 400ºC/750ºF. Annually, these emissions increase at more than double the rate of emissions from transport, electricity, and buildings.
Solar Heat – a Roadmap to Below $25/MWh
Market penetration of solar heat is challenged by high costs, low awareness, and perceived risks. These challenges are no different from what solar PV and wind have faced and can therefore also be mitigated by the same market strategies.