Why Qpinch

Defining the challenges for large scale processing industries

Energy prices
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Energy Price Shift

High energy prices are here to stay. The present shift is caused by fundamental geopolitical changes. Letting go of Russian gas means sourcing costly LNG from the world market.
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Carbon Rates soaring

The prices of carbon taxes are greatly affected by the energy pricing and the advancement of the energy transition in time. Scarcity in tradable emissions will push the prices up far beyond what they are now.
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Net Zero Ambitions

Aiming for Net Zero by 2050 calls for strategic planning of decisive abatement investments. In some industries this is a race for survival. The ‘Fit for 55’ milestone for 2030 puts the pressure on.
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Volatile energy prices are here to stay

Energy OpEx = Energy cost + CO2 cost
gas prices week 3 jan-1
€66,89

/MWh

Gas price 20/01/2023

Source: Dutch TTF Gas Futures

co2 prices week 3 jan
€82,28

/ton

CO2 price 20/01/2023

Source: EU ETS, EUA Futures

Solutions

Facing the challenges

There is no single overarching solution. We will need to combine them all. But more importantly, we need to act now. Implementing Energy Efficiency solutions as a first step will accelerate your progress and slingshot your budget.

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Energy efficiency

Using less energy to perform the same task or produce the same result is the quickest way forward. QHT technology pursues this goal by recovering and reusing otherwise expelled waste heat.

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Energy substitution

Finding commercially viable and durable alternative feedstock is at the heart of the energy transition. Together, we have agreed to phase out all grey energy consumption in the future.

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Carbon Capture

Carbon Capturing and Sequestration, along with its reapplication (Utilisation) are necessary intermediate steps that will be relevant far beyond the 2050 milestone.

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Carbon offsetting

A carbon offset is a reduction or removal of emissions of carbon dioxide or other greenhouse gases made in order to compensate for emissions made elsewhere. Offsets are measured in tonnes of carbon dioxide-equivalent.

HubSpot Video

Strategic options for Net Zero in industry by 2050

Aside from carbon offsetting we discern 3 technologies that contribute to the emission abatement targets.
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Low net OpEx

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10x less electricity consumption compared to conventional heat pump technologies

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Requires only a fraction of Scope 2 energy and technology sourcing

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Requires only a fraction of the maintenance for it has no rotating components

The cheapest and most sustainable way to produce industrial stream

Strategic options for Net Zero in industry by 2050

Aside from carbon offsetting we discern 3 technologies that contribute to the emission abatement targets.
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The abatement cost curve in relation to QHT technology

The abatement cost curve identifies the different technologies to fully decarbonize a industrial site and at which cost, expressed in € per tonne CO2 abated per technology. Technologies with the lowest cost per tonne of CO2 are positioned on the far left side of the curve; the most expensive technologies are positioned on the right side of the curve.

The ideal placement on the matrix is on the far left and as close to the x-axis as possible, or even below it, if feasible. This specific position represents the CO2 emissions reduction in combination with the lowest investment cost. Technology that dips below the x-axis typically, or below current CO2 price (ETS or tax), results in cash generation and fast ROI.

HubSpot Video

Industry consumes a quarter of all energy

Contrary to public belief, the bulk of our energy is consumed while generating heat, not electricity.

This is particularly true for process industries, where heat is pervasive in the processes that produce the feedstock for the industrial sector as well as finished products for the consumer market. Surprisingly, when we introduced Qpinch at McKinsey’s 2017 SRP Summit in Stockholm, some of the attendees were equally astonished to learn that the industrial energy mix is very much biased towards natural gas and other fuels – not electricity.

International Energy Agency Governing Board Chairman Noé van Hulst pointed out in his commentary to the release of the agency’s Energy Efficiency Market Report 2016 that “energy efficiency is [the] energy resource that all countries have in abundance.”

Cost Card