Report by Aurora Energy Research
- Combined market opportunity amounts to more than 13,500 TWh globally
- Up to 45% of all industrial heat demand can be electrified with already existing technologies
- The same applies to up to 70% of all district heating
Heat accounts for almost half of global final energy consumption and contributes about 40% of global carbon dioxide emissions.
Despite its prominent role in the energy system, heat is often overlooked in decarbonisation discussions and policies. Fossil fuels still dominate the supply of heat, with renewables providing just over 10% of demand. Electrification can play a crucial role in the decarbonisation of the heat sector.
“This new research from Aurora confirms the huge potential for electrifying thermal energy. In order to significantly increase the use of renewable energy for these applications, we need to introduce industrial scale energy storage to mitigate volatility.” - Camilla Nilsson, CEO at Kyoto Group
