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Table 1 presents other potential policy interventions relevant to advancing TES deployment in each sector. Table 1. Overview of policy interventions that are relevant to TES in each end-use sector Application Regulatory/policy environment Stakeholder acceptance Technical performance Financial proposition Power • Adopt decarbonisation policies. • Regulate heat market as part of holistic multi- vector energy regulation. • Issue energy storage mandates. • Fund demonstration and pilots in sensible storage, and for high- temperature cPCMs, to prove technology and commercial benefits to investors and other stakeholders. • Fund R&D, demonstrations and pilots in sensible storage, and for high- temperature cPCMs, to accelerate technology readiness level. • Fund R&D, demonstrations and enterprise support in sensible storage, and for high-temperature cPCMs, to drive cost reductions through innovation. • Use market pull policies to drive adoption TES with collocated storage. Industry • Ensure decarbonisation policies do not exclude industry. • Co operate internationally to overcome fears related to competitiveness. • Remove fossil fuel subsidies to help increase value proposition of TES. • Lead government initiatives to demonstrate technologies with industrial participants. • Support knowledge sharing and diffusion using demonstrations and “champion” organisations to reduce perceived risk of technology adoption. • Fund R&D, demonstrations and pilots, particularly for chemical and latent storage, to accelerate development • Fund R&D, demonstrations and pilots particularly for chemical and latent storage, to drive cost reductions through innovation. • Provide investment support and price support as market pull options once technology has been proven to help overcome financial barrier. Cold chain • Remove fossil fuel subsidies to help make cold-chain technologies more competitive vs a diesel alternative • Provide knowledge sharing support around latent storage demonstrations. • Support enterprise to help companies demonstrate and communicate benefits of TES to customers to help break into/create cold-chain market. N/A N/A District heating and cooling • Improve regulatory environment for district heating and cooling more generally. • Remove fossil fuel subsidies to help increase value proposition of TES. • Provide knowledge sharing support around latent storage demonstrations • Provide a range of technology push support for chemical and latent storage solutions. • Provide market pull support mechanisms for chemical storage solutions. • Improve the financial proposition of district heating and cooling with market pull mechanisms. • Provide knowledge sharing support to increase awareness of the benefit of TES. Buildings • Remove fossil fuel subsidies to help increase value proposition of TES. • Integrate and regulate heat and power markets. • Issue energy storage mandates, building codes, etc. • Provide ecosystem support to boost public awareness of benefits of TES for domestic applications. N/A • Provide technology push support to develop low-temperature PCM and salt hydration-based products. • Provide market pull support to incentivise domestic/non-domestic consumers to purchase devices. Note: N/A dennotes that no main needs were identified. 34 INNOVATION OUTLOOKPDF Image | THERMAL ENERGY STORAGE Outlook
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