Business case for industrial waste heat/cold recovery
2018 (Innovation action):
Cost-benefit models for industrial waste heat/cold recovery:
Proposals should develop integrated cost-benefit simulation tools that, based on the characterization of processes, heat/cold streams and other relevant variables, can determine the best utilisation options of recovered waste heat/cold and/ or surplus renewable energy from industrial and eventual other sources (when available). Proposals should also consider the possibility to contribute to efficient use/system integration of renewable energy sources through e.g. heat/cold storage and flexible production.
The proposals are expected to put forward simulation tools that would allow industrial sites/parks to determine the most financial attractive option for using their recovered waste heat/cold and/or surplus renewable energy. This should be based on, inter-alia, waste heat/cold recovery (and storage if necessary) costs (including equipment and process adaptation), retail
Energy and fuels represent an important part of the production costs in several Resource and Energy Intensive Industries (REII). While a lot of technical progress has already been done in REII to reduce the energy consumption of the main industrial processes, significant parts of the input-energy are still lost in the form of waste heat/cold by gas, liquid or solid streams. Wide-scale deployment of industrial waste heat/cold recovery is hindered, among others, by the lack of financial/ economic justification for the required equipment and, at times, by the limited industrial applicability (i.e. process re-integration). Often, it is forgotten that directly or after an intermediate transformation step, the sources of heat/cold losses of a given industry can be a valuable resource for other industries and buildings/ District Heating and Cooling operators and that they could be of commercial interest for the waste heat/cold producer. Furthermore, other energy cooperation activities between industries can also
2018 (Innovation action):
Proposals are expected to demonstrate the impacts listed below, using quantified indicators and targets wherever possible:
- Accurate prediction and holistic modelling of industrial waste heat/cold and/or surplus renewable energy from industrial or other sources from different geographical and market settings;
- Better impact of the various factors/ variables on the cost-benefits of industrial waste heat/cold and/or surplus renewable energy from industrial or other sources;
- Valorisation in assessments of cost-benefit of industrial waste heat/cold and/or surplus renewable energy from industrial and eventual other sources;
- Number of industrial sectors/ sites/ parks, public authorities (including energy agencies), large private facilities (e.g. sport and shopping centres, non-energy intensive industrial parks) and DHC operators aware, interested and supporting the implementation of waste heat/cold and/or surplus r