14.11.2024

Cost savings of flexible electrification

Electrification with Kraftblock can save between 30-150% of energy costs compared to direct electrification. This means, everybody thinking about induction furnaces, e-boilers or standalone resistance heaters should take a look at thermal energy storage and benefit from the ability to acquire energy flexible. In our new Whitepaper we drew up together with the consultancy DWR Eco, we explain the business cases of flexible process heat supply for industries and energ supplier.

This paper explores the macroeconomic benefits TES offers, particularly in alleviating strain on aging grid infrastructure worldwide. It also demonstrates how TES can be leveraged in key markets, such as the United States, Europe, and Australia, to create economic value for energy consumers. Through this analysis, the paper positions TES as a strategic response to both systemic and industrial challenges.

The paper examines use cases for various stakeholders, including industrial players requiring process heat up to 1,300 °C and utilities that can offer Heat-as-a-Service (HaaS) or use TES for essential grid services like frequency restoration. These use cases underscore TES as a commercially viable solution, outperforming other net-zero heat technologies from both a system and economic perspective.

The growing incidence of negative electricity prices in global markets highlights the need for technologies that enable flexible energy procurement to reduce costs. The analysis shows that implementing TES systems can result in substantial reductions in electricity and heat costs, with monthly savings ranging from 30% to over 150% in extreme price environments like those in Australia.

Learn in the whitepaper how to adress grid congestion costs, negative prizes and flexible load demands with a storage that has the fraction of the cost of battery storage.

Get the 20-page Whitepaper!
If you are interested to learn the details and further results of the analysis.
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