There is significant and growing momentum for the decarbonization of heating, driven first by the parallel and related momentum to replace fossil fuel-based power generation with renewables and the corresponding end use as well as primary energy efficiency increase of a Heat Pump over the furnaces and boilers they replace. But, the corresponding driver trend to increased percent of power generation coming from renewables also creates a supply/demand disconnect which has to be addressed by various forms and durations of supply and demand-side storage.
Additionally, there is a significant variation in the efficiency and resulting heating costs / decarbonization potential of the Heat Pumps implemented, depending on the differential temperatures they have to achieve, and related heat transfer methods employed as well as the primary technologies utilized. This creates the risk of decoupling efficiency and electrification, in turn driving a risk on the long-term decarbonization path.
This presentation will start with those driver basics and touch on the corresponding growth implications and high-level details concerning the heat recovery, supply temperature, technology choices, storage methodologies and business strategy options, presented as project use cases.