the challenge
DECARBONIZING HEAVY INDUSTRY
- HEAVY INDUSTRY MAKES PRODUCTS THAT ARE CENTRAL TO OUR WAY OF LIFE BUT IS ALSO RESPONSIBLE FOR NEARLY 40% OF GLOBAL CARBON DIOXIDE EMISSIONS.
- STEEL, CEMENT AND CHEMICALS ARE THE TOP 3 EMITTING INDUSTRIES AND ARE THE MOST DIFFICULT TO DECARBONIZE, DUE TO THE NEED FOR VERY HIGH HEAT.
- GREEN FUEL PREMIUM IS 5-10 TIMES THE COST OF FOSSIL FUELS.
- >80% OF INDUSTRIAL ENERGY DEMAND IS IN THE FORM OF HIGH GRADE HEAT, WHICH CANNOT BE ELECTRIFIED.