Introducing Project Arcadia
Good Heat is developing a landmark 200MWh eTES (electrified thermal energy storage) project for a food company in Victoria, Australia.
The eTES system will be charged with renewable electricity, converting it to and stored as high temperature heat, released on-demand (24/7) as hot steam into the factory.
The eTES will displace a large majority of the food company's consumption of gas, by adopting renewable steam generated by the eTES instead.
Project Arcadia delivers the following outcomes :
- 200 MWh eTES for a food factory in regional Victoria, Australia
- Majority of gas consumption displaced, limiting exposure to gas markets
- Significant savings on energy OPEX for the factory, from day one
- Supported by local and federal government collaborations
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The world's industrial heat sector relies on gas, and has thus far been left behind by the renewable energy transition — not because clean alternative technologies don't exist, but because of two adoption barriers: capital intensity and operational complexity.
Good Heat removes both barriers for eTES adoption:
- Zero upfront cost for the customer — we develop, finance and operate electrified Thermal Energy Storage (eTES) assets that produce renewable heat; our industrial customers simply buy the heat under a fixed price, long-term contract, cheaper than gas
- Zero operational complexities — we manage the complexities of running an eTES system, as it interacts with the electricity markets. Good Heat ensures performance and uptime, guaranteeing availability of heat as the eTES runs in parallel to existing bas boiler infrastructure. Our power markets expertise, combined with proprietary energy management software, delivers long term access to renewable heat regardless of movements in the energy markets.
Good Heat collaborates with many stakeholders to deliver these projects:
- eTES technology OEMs / EPCs to deliver full wrap eTES technology installation
- IPPs and Utility companies to contract renewable power
- Grid operators (DNSP/TNSP) to ensure appropriate power supply
- Equity and Debt infrastructure financiers to provide an off-balance-sheet solution, enabled by long-term contracted heat offtake agreement (HPA)
- Local and Federal Government to arrange approvals and seek financial support
Reach out if you're interested to collaborate!
This is how Good Heat develops its projects. Project Arcadia is the first, with many more to follow.
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