Forbes: Storing Heat Energy Offers $300bn Opportunity To Cut Carbon Emissions

As the global energy system becomes increasingly electric – not just in power but transportation and heat, too – storing energy is going to play an ever more important role in ensuring that clean energy can be used when it is most needed.

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Smart grids connect generation, consumption, and storage – turning energy planning into a strategic discipline. Power-to-heat and thermal storage technologies show how industrial companies can combine flexibility with supply security.

Demand side management with thermal storage enables industrial companies to decouple electricity supply and heat demand over time. This makes it possible to take targeted advantage of price fluctuations without adjusting production.

Volatile power prices pose a challenge, but they also create opportunities for companies with flexible demand. Power-to-heat solutions combined with storage not only ensure a reliable heat supply but also offer economic benefits through targeted flexibility trading.