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Application Industry supply chain and skills Market opportunities • Creating balancing mar- kets, time-of-use tariffs, or other incentives, that recognise the value that periodic storage provides to the power sector. • Need for long-term storage revenue mechanisms like power purchase agreements to cover 24/7 demand profiles (e.g. Dubai, South Africa, Chile). Company maturity Enabling infrastructure Power N/A N/A • Accelerating penetration of renewables will drive the need for flexibility solutions, such as TES. Industry N/A • Creating balancing markets, time-of-use tariffs, or other incen- tives, that recognise the value that demand flexibility provides, and helps develop the value proposition for thermal storage (and on-site renewables). • Technology certification/ recognition by trusted third party can reduce perceived risk. • Accelerating penetration of solar thermal generation and heat pumps in industry. Cold chain • Support supply chain development (e.g. LAES). N/A • Enterprise support and ecosystem support can boost profile of new technologies such as LAES. • Co ordination of LAES with LNG gasification infrastructure. • Development of LAES- based cold chain. District heating and cooling N/A • Ecosystem support to highlight benefits of TES to renewable district energy projects. N/A • Accelerate penetration of renewably powered district heating and cooling schemes as part of integrated systems approach. Buildings N/A N/A N/A • Support for develop- ment/penetration of heat pumps. • Ensure correct incentives in place for efficient management and adaptation of grids. Note: N/A denotes no main needs were identified. THERMAL ENERGY STORAGE 119PDF Image | THERMAL ENERGY STORAGE Outlook
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