Finalist Electrified Thermal Pitches at Startup Battlefield | TechCrunch Disrupt 2023

TL;DR

Electrified Thermal Solutions aims to decarbonize heavy industries by utilizing their jewel Hive thermal battery, which converts cheap and abundant renewable electricity into industrial-grade heat.

Transcript

from Medford Massachusetts comes electrified thermal Solutions prevent presenting for electrified thermal Solutions is Donnie Smith and Daniel stack give a round of applause my name is Dan Stack co-founder and CEO of electrified thermal Solutions we're working every day to decarbonize the hottest Industries with electrified Heat thank you thank you... Read More

Key Insights

• 🥵 Electrified Thermal Solutions aims to address the challenge of decarbonizing heavy industries, such as cement, steel, and glass, by providing affordable and reliable heat alternatives.
• 🥵 The jewel Hive thermal battery allows for the conversion of cheap and abundant renewable electricity into industrial-grade heat.
• 🥵 The company's electrically conductive fire brick technology enables high heat generation and long-lasting performance, making it a building block for industrial decarbonization.
• 💄 Electrified Thermal Solutions can retrofit existing systems, making it easier for industries to transition to cleaner energy sources.
• 🇨🇷 The system's affordability and cost-effectiveness are dependent on the price of electricity in the specific region of operation.
• 🇺🇸 Customers in areas with ample renewable energy resources, such as the Midwest in the United States, can achieve significant cost savings and decarbonization by utilizing Electrified Thermal Solutions' technology.
• 🌱 The company plans to aggressively deploy its systems and aims to achieve two gigawatts and $500 million in annual revenue by 2030.

Questions & Answers

Q: Who are Electrified Thermal Solutions' target customers?

Their target customers include multinational companies in the chemicals industry, especially those with regulatory mandates and a need for cost-effective decarbonization.

Q: How does Electrified Thermal Solutions compare to propane in terms of cost?

Electrified Thermal Solutions is much more cost-effective than propane, but its affordability depends on the price of electricity in the specific area of operation.

Q: Is there a safety concern with Electrified Thermal Solutions' technology?

Compared to other storage technologies, Electrified Thermal Solutions' system is considered safer. The high-temperature heat generated does not pose unique safety risks as it is similar to other industrial furnace operations.

Q: How does the payback period work for customers implementing the Dual Hive system?

The payback period for customers varies depending on factors such as electricity prices and energy consumption. Typically, customers can expect a payback within five years, after which the system continues to provide cost savings for another 15 years.

Summary & Key Takeaways

• Electrified Thermal Solutions aims to solve the problem of decarbonizing heavy industries such as cement, steel, and glass, which require a significant amount of energy.

• Their jewel Hive thermal battery converts renewable electricity into hot gas to replace the use of fossil fuels in furnaces, boilers, and kilns.

• The company's patented technology, the electrically conductive fire brick, allows for high heat generation and long-lasting performance.