FAQs

What does Good Heat do?

Good Heat develops and manages Thermal Energy Storage (TES) assets to provide industrial facilities with reliable, affordable, and emissions-free heat. We offer Heat-as-a-Service (HaaS), eliminating the need for capital expenditure while delivering 100% renewable heat to eliminate Scope 1 and 2 emissions. Good Heat is an heat battery project developer in Australia.

How is Good Heat different from other energy companies?

Good Heat uniquely combines three capabilities:

  • Asset Development: We develop and own TES projects on behalf of industrial customers

  • Proprietary Software: We build advanced Energy Management System (EMS) software for optimal grid interaction

  • Energy Trading: We actively manage electricity procurement and grid services to maximize value

This integrated approach allows us to offer competitive pricing while capturing additional revenue from energy arbitrage and grid services.

What is Thermal Energy Storage (TES)?

Thermal Energy Storage systems store electrical energy as heat in solid-state materials (like bricks, graphite, or proprietary alloys). When industrial facilities need steam or process heat, the TES releases this stored energy. Unlike e-boilers or heat pumps, TES decouples electricity supply from heat demand, enabling load shifting and grid balancing.

How does TES compare to natural gas heating?

Good Heat's TES-delivered heat at prices that compete favorably with commercial natural gas prices of $65-85/MWh for delivered steam. Our advantages include:

  • Zero emissions (avoiding carbon credit costs of $6-14/MWh)

  • Price stability through long-term contracts

  • No exposure to fossil fuel price volatility

  • Energy arbitrage capabilities reduce effective electricity costs

What happens if the TES system fails?

All Good Heat projects maintain existing natural gas boilers as redundancy backup. If the TES technology fails, Good Heat covers the cost of running the gas boilers to ensure continuous heat delivery. This redundancy structure provides confidence to both customers and project financiers.

What is Heat-as-a-Service (HaaS)?

Heat-as-a-Service is a turnkey solution where Good Heat develops, owns, and operates thermal energy storage assets on behalf of industrial customers. Customers pay only for the heat delivered ($/MWh) under long-term contracts (15-21 years), with no upfront capital expenditure required. Similar to a PPA in renewable power procurement, you can sign a Good Heat HPA to procure clean heat heat.

Why should industrial customers choose HaaS over buying TES equipment?

HaaS offers four key advantages:

  • No capital expenditure: Zero upfront investment required

  • Lower operating costs: Competitive with or cheaper than fossil fuels

  • Full project management: Good Heat handles development, maintenance, and electricity procurement

  • Immediate decarbonization: 100% renewable heat eliminates Scope 1 and 2 emissions

As one customer put it: "We're a food company, not an energy company." HaaS allows industrial facilities to focus on their core business.

What makes Good Heat's Energy Management system unique?

Our Energy Management System (EMS) is the first TES-specific software that combines:

  • Dispatch Logic: Optimizes when to charge/discharge based on electricity prices

  • Factory Integration: Integrates with factory energy models to predict steam demand

  • Grid Services: Enables participation in frequency control and load scheduling

  • Energy Arbitrage: Captures value from price volatility and negative pricing events

Which industries are ideal for TES?

Good Heat focuses on industries requiring continuous process heat at 150-250°C, including:

  • Food & Beverage: 5-30 MW projects (primary focus)

  • Pulp & Paper: 10-60 MW projects

  • Materials Processing: 5-50 MW projects

  • Chemicals: 10-1000 MW projects

  • Minerals: 50-1000 MW projects

Which industries are ideal for TES?

Good Heat focuses on industries requiring continuous process heat at 150-250°C, including:

  • Food & Beverage: 5-30 MW projects (primary focus)

  • Pulp & Paper: 10-60 MW projects

  • Materials Processing: 5-50 MW projects

  • Chemicals: 10-1000 MW projects

  • Minerals: 50-1000 MW projects

In Australia alone, there are 440 sites in the 150-250°C sector equivalent to 25MW projects—we only need 14 to become a $1B company.