News, Press

Transition Economist Outlook 2023: Thermal energy storage’s role in Europe’s energy crisis

December 28, 2022

Ending dependence on gas and electrifying processes with efficient thermal energy storage is the only cost-effective solution for industry to decarbonise.

written by

ENERGYNEST

As we look ahead to 2023 and beyond, we reflect on one of the most turbulent years for energy affordability and security in recent history. The decades-long obsession with running businesses and homes on fossil fuels has now yielded calamitous consequences, not just for the planet but for our pockets too. The war in Ukraine has shifted our thinking on the ‘energy trilemma’ of energy security, affordability and sustainability. Previously, the trilemma was a competing triarchy, but we now have a convergence. What is sustainable is now cheaper, and what is secure is now sustainable. It is no longer: ‘What are the costs of net zero?’. It is instead: ‘What are the costs of not hitting net zero?’

Read the full feature of Christian Thiel, CEO of ENERGYNEST:

HERE

Latest News

LEONHARD KURZ and ENERGYNEST announce commercial agreement to decarbonize industrial manufacturing

ENERGYNEST, the global leader in thermal storage, has signed a commercial agreement with LEONHARD KURZ, a world-leading family business in thin-film technology, to implement an innovative power-to-heat solution with thermal storage.

•

News, Press

Außenansicht einer petrochemischen Anlage

Act now to stay competitive: businesses risk falling behind without electrification

Companies that do not electrify their processes risk rising costs, regulatory hurdles, and competitive disadvantages. Power-to-heat offers an efficient solution to reduce energy costs and ensure the future viability of production.

•

Insights, News

Sustainability in the paper industry: How thermal energy storage systems contribute to the green transformation

Despite its high recycling rate, the paper industry faces major challenges, particularly in the energy-intensive production process. Thermal energy storage systems can play a key role here by efficiently utilising renewable energy and supporting the implementation of sustainable production methods.

•