CATALYSING THE GLOBAL OPPORTUNITY FOR ELECTROTHERMAL ENERGY STORAGE - PROMISING NEW TECHNOLOGIES FOR

However, in Denmark, France, Germany, the Netherlands, the United Kingdom and the Texas ERCOT region in the United States, the levelised cost of heat (LCOH) of ETES is higher than that of natural gas boilers. [...] 9 Based on the analysis of the addressable market in the seven focus countries: Denmark, France, Germany, the Netherlands, Spain, the United Kingdom and the ERCOT region in the United States. [...] Figure 4 Benefits of ETES to the electricity grid How ETES can support the transition to a net-zero energy system ETES can enable faster ETES could avoid overbuild of the ETES can reduce the need for renewables deployment through power grid by reducing peak dedicated grid storage by creating headroom on grids for demand and the associated providing balancing and renewable power beyond its costs ca. [...] The trade-offs are described in the next chapter of this report.20 20 This was accounted for in the market sizing by excluding the heat demand up to 100°C, and only including half of the heat demand between 100°C and 200°C for the first wave and core addressable market. [...] The main contributors to the LCOH of ETES are power prices, grid fees and the capital costs of the ETES unit.