Factory and electricity pylon shown against a blue sky with grass in the foreground.

Fueling the EU’s Industrial Sector with Cost-Efficient, Sustainable Power

Despite a post-pandemic boost in productivity, the EU’s industrial sector is still feeling the impact of the global energy crisis, the COVID-19 pandemic and subsequent supply chain disruption (ING, 2023)

While shallow integration of the single market, lack of a capital markets union and limited investment incentives have all been cited as causative factors in the EU’s comparative lack of industrial growth and innovation (Euractiv, 2023), experts also maintain that the cost of power is hampering growth in the EU’s industrial sector (IEA, 2024).

Although the price of electricity in 2023 was substantially lower than in 2022, industrial companies in the European Union were still paying almost twice the amount for electricity than their American and global counterparts (IEA, 2024). For energy-intensive industrial companies, these increased costs make it difficult to remain competitive in a global market.

Wholesale electricity prices remain substantially higher in EU countries than in the USA and APAC (IEA, (2023), Electricity Market Report)
Wholesale electricity prices remain substantially higher in EU countries than in the USA and APAC (IEA, (2023), Electricity Market Report)

And it isn’t just the industrial sector’s economic growth that’s lagging behind expected targets. According to the IEA’s latest Tracking Clean Energy Progress report, global industry is not on track to achieve NZE 2030 targets.

The need for economic growth and increased sustainability are often seen as opposing goals yet experience shows that these two objectives needn’t be competing. In fact, selecting the right sustainable technologies could help to accelerate industrial growth in the EU and safeguard its future.

Fueling the Industrial Sector: Is Green Energy the Answer?

Industry is notoriously energy-intensive, so any disruption to the energy markets has a significant impact on the industrial sector. Europe’s proximity to and historical reliance on Russian gas means the EU’s industrial sector was amongst the hardest hit by the global energy crisis – and it’s still trying to recover.

Wary of falling victim to spiraling energy costs and limited supplies in the future, today’s industrial companies are actively looking for power sources that are:

Cost-efficient

Localized

Dependable

At the same time, increasing environmental regulation means industrial companies are also seeking ways to reduce greenhouse gas (GHG) emissions and minimize their environmental impact.

But what if industrial firms could access power that is cost-efficient, localized, dependable and sustainable?

By using CleanTech solutions to generate reliable, on-site, cost-efficient sustainable energy, the industrial sector can:

Increase energy stability

Reduce reliance on the grid

Protect against volatile energy markets

Reduce energy costs

Lower GHG emissions

And that’s where Climeon’s HeatPower 300 system comes in.

Generating Sustainable Energy from Industrial Waste Heat

Heat is a natural byproduct of energy consumption and, as industries are so energy-intensive, they invariably produce large amounts of waste heat. While some of this waste heat can be used directly in secondary processes, a substantial amount of low-temperature waste heat (80-100°C) is underutilized.

Climeon’s HeatPower 300 technology uses this waste heat to produce sustainable electricity, thus ensuring that an operational byproduct can be used to improve on-site energy efficiency. Effectively, our ORC waste heat recovery (WHR) system enables more power to be generated from the same original inputs, so the total power output is increased and energy costs are reduced.

Climeon's HeatPower 300 system converts low-temp industrial waste heat into on-site sustainable electricity.
Climeon's HeatPower 300 system converts low-temp industrial waste heat into on-site sustainable electricity.

In addition to this, generating on-site sustainable power ensures industrial companies are less reliant on the grid and can benefit from localized energy production. Offering protection against potential price rises and limited supplies, this insulates the industrial sector from macro-economic and political issues that could impact operations.

Furthermore, Climeon’s HeatPower 300 technology is non-weather-dependent and can produce sustainable electricity around-the-clock, providing input sources remain available. This enhanced reliability boosts confidence and provides 24x7 access to green energy.

When it comes to sustainability, Climeon’s proprietary waste heat recovery tech is an effective way to reduce emissions and reduce negative environmental impacts too. With less reliance on energy sourced from fossil fuels and increased energy efficiency, industrial customers can make meaningful emissions reductions. As a result, companies can enhance their sustainable profiles, hit key environmental targets and avoid financial sanctions, such as carbon taxes.

Improving Sustainability and Profitability with HeatPower 300

As Climeon’s technology shows, enhancing sustainability and profitability are not mutually exclusive. Improving the environmental impact of the industrial sector has traditionally been seen as onerous and costly, but choosing the right sustainable solutions and technologies can actually help companies to achieve key operational and economic objectives, as well as critical sustainability targets.

With industrial companies throughout the EU still facing comparatively high energy prices, the opportunity to reduce their cost-per-kilowatt hour, increase energy stability and reduce emissions simply cannot be overlooked.

To find out how HeatPower 300 can enhance your industrial operations, contact our team now.