Choosing the Right Electrification Options: Choice and cost complexities for manufacturers, opportunities for tech providers.
Industrial heat remains one of the most challenging areas to decarbonize due to its deep reliance on fossil fuels. With over 70% of the sector’s energy consumption stemming from coal, natural gas, and oil for heating processes, the road to net zero for industries like chemicals, steel, and cement is steep. Yet, the need to shift is more urgent than ever, with industry contributing 25% of global CO₂ emissions.
FSX’s electrification solution explores the potential of electrifying industrial heat by assessing advancements in heat pumps, thermal batteries, and direct electrification. Our platform provides deep insights into the global policy environment, technology advancements, and supply chain challenges to offer scalable, economic solutions for industries struggling to decarbonize. From heat pumps and direct electrification to innovative thermal batteries, our analysis offers a comprehensive understanding of the economic feasibility and opportunity of transitioning away from conventional heat solutions and into a cleaner, electrified future.
Key Questions
- How can you economically transition from fossil fuels to electrified industrial heat?
- Which technologies are most viable for your specific heating needs?
- What policy instruments and incentives are available to support this transition?
- Who are your potential supply chain and implementation partners to achieve electrification at scale?
- How do we identify and act on long-term investment opportunities in industrial heat electrification?
Chart In Focus
Last Mile Energy: 24/7 Carbon Free Electricity (CFE) for Manufacturing
CFE is gaining prominence for decarbonizing 'last mile' of electricity procurement. Consumers can access 24/7 CFE via three models.
