Industrial operations require significant energy, with large amounts of this energy disappearing as waste heat after use. EnergyNest’s thermal energy storage has the ability to convert this widely untapped energy reserve into a useful resource. Once stored, this time-shifted waste heat can be used in a variety of ways – e.g. to provide process steam, to generate own power or to stabilise entire power grids. It comes with many advantages, but the main one being a significant increase in resource efficiency. Consequently, industrial operations become environmentally friendlier. Industrial retrofits not only lead to a better energy balance, moreover such projects have short project paybacks making it economically very attractive.
It is by far cheaper compared to other energy storage technologies – at around US $20-25 per kilowatt hours: a fraction of battery costs. Due to its rigid structure and no moving parts, the storage system works virtually maintenance-free, so that operating costs are a fifth of what other storage systems require. The potential for own power generation via time shifted waste heat is tremendous. Companies can for example avoid peak price tariffs with their own waste-heat-to-power installation.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.