Ultimately, coal will be replaced by renewable energy. This is fantastic! Already now coal power plants are being converted to burn biomass: Denmark’s largest power station has replaced coal with wood chips and straw.
EnergyNest offers a solution not just during the transition to fully renewable electricity but will also remain an integral part of future sustainable power systems: ultra-low cost and directly integrated into the steam cycle. Only plants with the ability to rapidly adjust power output to follow variable renewable energy will matter in the future. Due to their low marginal cost and zero emissions, wind- and solar energy are bringing conventional power plants out of their comfort zone – from traditional, rigid “baseload beasts” to peaker plants. This implies more frequent starts/stops, cycling and operation at minimum power output. It also implies more stringent requirements for ancillary services.
Thermal power plants such as concentrating solar power (CSP), biomass and electricity from waste (EfW) have an important role to play in the full transformation from fossil to renewable electricity. This is because very few alternatives can provide security of supply. Thermal power plants maintain grid stability and provide power when the wind is not blowing and the sun is not shining, ensuring that the lights are always on.
Our CEO Dr Christian Thiel attended Cleantech Summit Energy Transition in Rotterdam today. The summit is an initiative of the Tech Tour and the International Venture Club (IVC) and was hosted by the City of Rotterdam. It focusses on showcasing the best investment opportunities within the cleantech industry in Europe. The event included insightful discussion panels and keynotes and Christian even got to meet the King of the Netherlands.
Our latest video shows how our Thermal Battery addresses >50% of greenhouse gas emitters – especially industrial manufacturers (e.g. steel production) and thermal power plants (e.g. OCGTs, EfWs, biomass).
Besides greenhouse gas reduction our Thermal Battery helps deliver great business cases. It does so by enabling a gear-change in a) thermal process efficiency, and b) providing a higher power generation flexibility, which again is the basis for integrating more renewables effectively into the global energy grids.
Also watch our previous film giving a broad overview of the benefits of our Thermal Battery technology.
Today our CEO Dr Christian Thiel joined the 22nd Annual German Norwegian Energy Forum in Berlin. The forum took place in the Norwegian Embassy where 140 experts discussed ways to reach the goals set out in the Paris Agreement. It was widely agreed that a mix of energy sources and energy storage technologies will be necessary in order to achieve the goals and to ensure security of energy supplies.