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Advancing Renewables with PCM Thermal Energy Storage

Sector: Bridge • Location: Australia

Source: Australian Renewable Energy Agency (ARENA)

Project
Closed

The Advancing Renewables with PCM Thermal Energy Storage project aims to demonstrate the technical and economic value of thermal energy storage using phase change material (PCM) and renewable energy optimisation in commercial and industrial heating, ventilation, air conditioning and refrigeration (HVAC-R). Many HVAC-R end users are investing in solar PV to control rising energy costs. Some have al

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The project “Advancing Renewables with PCM Thermal Energy Storage” is an infrastructure initiative in the Bridge sector, located in Australia. Taiyo aggregates data on it from Australian Renewable Energy Agency (ARENA).

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Description

Description

The Advancing Renewables with PCM Thermal Energy Storage project aims to demonstrate the technical and economic value of thermal energy storage using phase change material (PCM) and renewable energy optimisation in commercial and industrial heating, ventilation, air conditioning and refrigeration (HVAC-R). Many HVAC-R end users are investing in solar PV to control rising energy costs. Some have also investigated adding battery storage in conjunction with solar PV but have found these forms of energy storage not economically viable for their circumstances. For these, the lack of economically-viable energy storage and other smart technology, to help bridge the gap between renewable energy and heating / cooling loads, is a significant hurdle preventing industry transformation from the existing heavy reliance on grid energy consumption for the sector.

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