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illuminem summarizes for you the essential news of the day. Read the full piece here in Forbes or enjoy below
🗞️ Driving the news: Thermal batteries, a potential game-changer in the U.S. industrial sector, could drastically reduce electricity costs for industrial heating by 50%-63% and satisfy up to 90% of process heat demands
• This development is noteworthy, as industrial facilities, chiefly reliant on fossil fuels for manufacturing, are responsible for approximately a quarter of the nation's greenhouse gas emissions
🔭 The context: U.S. industries in 2022 used around 14,000 petajoules of combustible fuels, mostly to deliver heat at temperatures below 1,000 °C for processes such as producing steam or heating equipment
• Thermal batteries are capable of providing this heat, with few industrial processes posing challenges for their implementation
🌎 Why does it matter for the planet: These batteries provide a method of cutting industrial greenhouse gas emissions, reducing industrial power costs, and contributing to the United States’ emissions reduction commitments
⏭️ What's next: Government funding and IRS issuing guidance confirming the eligibility of thermal batteries for the 45X Advanced Manufacturing Production Credit are vital steps to take in order to facilitate the deployment of thermal batteries
💬 One quote: "With the right policy environment, thermal batteries promote clean and competitive U.S. industry, enhance U.S. technological leadership, and reduce conventional and greenhouse gas pollution." (Energy Innovation)
📈 One stat A thermal battery can provide reliable heat at $35 to $62 per megawatt-hour (MWh) of thermal output, which makes producing heat from electricity competitive with operating existing natural gas equipment
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