Thermal energy has two main applications: heating and cooling buildings, as well as serving as fuel for a wide range of industrial processes. Although thermal energy makes up over 50% of total global energy consumption, only 10% currently comes from renewable sources. Even major companies have been slow to make progress in this area. According to an analysis by ENGIE Impact of companies with science-based targets, 65% have made significant strides in procuring renewable sources of power, but only 27% have done the same for heat. The article we wrote a few months ago exploring the barriers to thermal decarbonization and the key actions and case studies for companies looking to overcome them, remains as relevant as ever. Let us know your thoughts... ENGIE Impact #energytransition #greenthermal #industrialdecarbonization
Diego Ibarra’s Post
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The tldr; is renewable energy is already cheaper than fossil fuels today in most cases, and that will only improve with time.
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Retired CEO & Chairman, POWER Engineers
8moGreat article , thank you . The challenge in northern or southern latitudes is definitely heat . Right now the most efficient, emissions sensitive and cost effective is gas . Our ( US ) energy & power structure isn’t developed enough to go to electric heat anywhere except maybe the Columbia River Basin and certainly we can’t move to electric heat economically today . Plus we now have the AI / Data Center challenge . Most , if not all , of the key points in this article hit the right points . The real key is how to address in a sensible manner . It’s an enormous challenge that we must meet