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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Thermal energy storage is a means to store renewable energy generated onsite until the time that energy is needed. It can also deliver a range of benefits to industrial energy users, from security, reduced costs and lower CO2 emissions. Here, Dr Christian Thiel, CEO of ENERGYNEST, explains how.
As the regulatory landscape on carbon emissions heats up, it is no secret that industries are facing growing pressure to increase energy efficiency and reduce carbon emissions. In today’s world, companies must show how they are decarbonising in order to attract investment, meet the demands of regulators and secure commercial partnerships and contracts.
However, the reality is that many facilities are running out of viable solutions to decrease their energy demand and reduce their dependency on fossil fuel-based heat or power generation. And, while solutions such as hydrogen need large amounts of capital expenditure to get projects off the ground and require further investment in supporting infrastructure, thermal energy storage technology is here and working right now.
One of the main hurdles that large energy users face in decarbonising is intermittency. In other words, when the wind isn’t blowing or the sun isn’t shining, how can you continue to run your operations on green power and heat without increasing your reliance on fossil fuels?