FutureScaleX Launches New Energy Transition Insights Platform to Accelerate Decarbonization of Industrial Heat

Addressing one of the most challenging aspects of manufacturing to decarbonize, FutureScaleX introduces a new platform to support the transition to cleaner industrial heat solutions.

Boston, USA, September 3, 2024 – FutureScaleX (FSX), a leading provider of insights for sustainable growth, today announced the launch of its new FSX Insights Energy Transition Platform, marking the company’s second major platform release following its successful Carbon Management Solution. This new platform aims to tackle one of the toughest challenges in global decarbonization: the reduction of industrial CO2 emissions linked to thermal energy consumption.

Industries account for a quarter of global CO2 emissions, primarily due to their heavy reliance on fossil fuels like coal, natural gas, and oil to produce heat. With over 70% of industry’s energy consumption sourced from these non-renewable energy types, decarbonizing industrial heat is vital for achieving global climate ambitions.

"Decarbonizing industrial heat is critical yet complex," said Dr. Kevin Pang, Sr. Vice President and Head of Research & Consulting at FutureScaleX. "Our research into manufacturing electrification and thermal management provides the insights and tools needed to capture and recycle useful heat, reduce energy costs, and to transition to cleaner energy sources effectively, paving the way for creating new economic growth through sustainability and a more sustainable industrial sector."

Key Findings and Features of the FSX Insights Platform

FutureScaleX’s platform addresses the electrification of industrial heat, identifying available technologies that need support in policy, technology, economics, supply chain, and digital transformation:

• Policy Support: The platform helps businesses navigate global policy landscapes to effectively respond to mandates and timelines, and take advantage of grants and subsidies, with the U.S., UK, and EU being the most supportive regions.
• Technological Solutions: Coverage of the full range of available and future technologies, including heat pumps and thermal energy storage for lower temperature processes, and advanced thermal generation for higher temperature needs.
• Economic Analysis: The platform provides tools to assess the financial viability of these technologies for any given size manufacturing facility, factoring in costs and policy incentives.
• Supply Chain Management: It addresses supply chain issues and provides strategies for proactive planning to meet increasing equipment demand.
• Digital Transformation: The platform covers digital tools designed to enhance efficiency and reduce emissions by up to 25%.

Call to Action for Global Decarbonization

FutureScaleX calls for urgent, coordinated efforts to electrify and decarbonize industrial heat. Governments should boost grants and subsidies to support the adoption of electrification and thermal management technologies. There's a need for innovation, particularly in collaboration with startups developing high-temperature heat solutions, to lower costs and increase efficiency for hard to abate industries like cement and steelmaking. Proactive planning is crucial to prevent supply chain issues and manage future growth. Additionally, the digital transformation of existing assets should start now to reduce energy use and CO2 emissions. For more detailed guidance and action steps, explore our platform.

"The launch of our FSX Insights Energy Transition Platform underscores FutureScaleX's commitment to leading the transition to a sustainable future and advancing our mission of delivering sustainable growth as a service," added Hitesh Shah, CEO of FutureScaleX. "By providing comprehensive support across policy, technology, economics, supply chain, and digital transformation, we are equipping industries with the tools they need to decarbonize effectively and economically."

About FutureScaleX

FutureScaleX is a global leader in sustainable growth, delivering actionable insights and solutions to help organizations decarbonize and transition to a cleaner future. FSX's platforms and consulting services provide comprehensive support across carbon management, thermal management, and energy transition, empowering businesses to create sustainable pathways for growth. 

To request a meeting or trial, email marketing@futurescalex.com

For more information, visit www.futurescalex.com

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