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Description of the innovation Assessment The Sand-Based High Temperature Seasonal Heat Storage enables storage of renewable energy when the production conditions are beneficial. The stored renewable energy can be used in different energy demanding processes, replacing fossil-based combustion technologies that are common nowadays [2]. Readiness levels The Technology Readiness Level (TRL) of this innovation is 7: System prototype demonstration in operational environment. Pilot plant operational and connected to local heating grid [2]. The Business Readiness Level (BRL) of this innovation is: 6: Full business model including pricing verified on customers. First offers have been sent and all components are verified in terms of prices and applicability [2]. The TRL and BRL were assessed using the innovators information and following the EU Horizon 2020 guidelines [3] and KTH Innovation Readiness levelTM model [4]. Mechanism for avoiding carbon emissions The Sand-Based High Temperature Seasonal Heat Storage avoids emissions through one main mechanism. The solution enables upscaling and more effective use of wind and solar energy as energy can be stored during periods of high supply and used during periods of high demand. As the solution enables heat storage up to 700°C it allows the replacement of fossil fuels used for both heating and steam production, as well as electricity generation [2]. Calculation Market Volume The market is defined in terms of renewable energy made available thanks to storage possibilities. Since the world energy use is to be transformed to 100% renewable energy, the energy storage capacity needs to be considerably developed. In this assessment it was assumed that 17% of the generated renewable energy will need to be stored by technologies similar to that offered by Polar Night Energy Oy [5]. With a projected gross electricity production of 4 390 TWh from solar and wind power in 2030 [6], the storage technologies will enable the replacement of 737 TWh of fossil-based energy. Hence, the total potential market is 737 TWh. Market share The innovation is the most effective for industrial usage where high temperatures are needed. It is, however, difficult to forecast this kind of energy demand in 2030. The market share is an assumption made by the assessor and is set to 30% of the available renewable energy that needs to be stored. page 5 Mission Innovation’s NCI – Accelerating innovation and disruptive low and zero carbon solutions – www.misolutionframework.netPDF Image | Sand-Based High Temperature Seasonal Heat Storage
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