MGTES for thermal power production
The International Energy Agency (IEA) claims that heat accounts for approx. 74% of the industrial sector‘s total energy demand.
Around 48% of the total heat needed in industry is for high-temperature applications and this sector is responsible for about 22% of global CO2 emissions.
Out of these, 40% (about 10% of total emissions) comes from fossil fuels.
MGTES delivers Heat to Heat and/or Power to Heat, useful for different applications and market segments including: the industrial sector, the civil sector, district heating and so on.
For such applications, MGTES is able to:
- Absorb the surplus electricity generated by variable renewable power plants
- Convert this surplus into heat through electrical resistors
- Release the heat when needed and in case convert it back to electrical energy.
Combined with renewable energy, the thermal energy stored by MGTES (defined as Green Heat), can replace traditional fossil fuel generation; thus, MGTES can dramatically reduce CO2 emissions.
- Provide regulation services to the electricity grid, participating in the dispatching services market and thus generating an additional benefit for the electricity system. MGTES is useful for balancing electricity grids characterized by high penetration of renewable energy plants, also reducing curtailments.
- Absorb the waste or excess heat from intermittent industrial processes, accumulate it in the storage media and release it when needed.
- Increase the flexibility of an existing CHP (Combined Heat and Power) plant serving industrial and civil users. MGTES is able to decouple the generation of electrical energy from the thermal one, providing a reduction in fuel consumption and an optimization of efficiency.