Home owner benefits
Below the price of electricity per hour in c/kWh from January 1 to March 30, 2022, the heating season.
By cutting off the peaks using thermal mass storage system equal to Finnshield heating energy cost less than 7 c/kWh when the average district heating costs 10 c/kWh reducing CO2 emissions to less than 50 g/kWh while in district heating burning recycled or sawdust is 10 times more measured from boiler plant stack ( not according to political decision)
In September 2023 when starting to heat our houses the price list for heating energy looks like:
- 11 c/kWh district heating
- 4 c/kWh direct electric heating
- 2 c/kWh cutting off peaks by thermal mass storage
Our enclosed contextual real example demonstrates a tangible scenario where the cost of electricity can fluctuate based on the demand and availability of renewable energy sources like wind energy. This dynamic pricing structure, with significant variations between cheap and expensive hours, underscores the importance of optimizing energy usage to align with these fluctuations.
As more wind energy capacity is integrated into the grid over the next two years, this pattern is expected to become more pronounced. This evolution represents a significant opportunity for consumers to capitalize on low-cost energy during specific time periods, emphasizing the importance of adopting technologies like Finnshield to make the most of these favourable pricing conditions
Indeed, it’s not surprising that district heating companies are adapting to the changing energy landscape. Building electric boilers to heat water and selling it to consumers at a higher price during peak demand times is a strategic move. This approach leverages the flexibility of electric heating to meet the needs of consumers while also capitalizing on the market dynamics, ultimately benefiting both the company and its customers.
By aligning their operations with the availability of renewable energy sources and optimizing heating strategies, district heating companies can contribute to a more sustainable and efficient energy system. This also creates opportunities for consumers to access reliable and cost-effective heating solutions, further supporting the transition towards a greener energy future.
That’s a significant advantage provided by thermal mass heat storage systems like Finnshield. By appropriately sizing the heat storage capacity, homeowners can effectively smooth out the peaks in electricity prices, leading to substantial cost savings.
For instance, utilizing Finnshield’s internal wall system may result in an average heat energy cost of around 4 cents per kWh, while an external wall system with a heat pump could potentially lower this cost to as little as 2 cents per kWh. In contrast, a district heating and electric company like Helen charges approximately 11 cents per kWh for heating water.
This clearly highlights the economic benefits of adopting advanced heating technologies like Finnshield, not only in terms of cost savings for homeowners but also in promoting more efficient and sustainable energy use. It’s a promising step towards a greener and more economically viable future.
To summarise the top 5 benefits
Optimized Energy Costs with 24-hour Heating: Leveraging Finnshield’s thermal mass storage allows homeowners to capitalize on low energy prices, resulting in the lowest possible energy bills for round-the-clock heating.
Negotiating Lower Transfer Costs with Electric Company: Offering the capability for remote load cut-off provides an opportunity to negotiate lower transfer costs with the electric company. This mutually beneficial arrangement incentivizes efficient energy use.
Significant CO2 Emissions Reduction from Sawdust Truck Rerouting: Redirecting sawdust trucks from the boiler plant to Finnshield’s thermal mass element production leads to a substantial decrease in CO2 emissions. This strategic shift aligns with sustainable practices and demonstrates a commitment to environmental responsibility.
Emissions Reduction in Electric Generation Units: Prioritizing sustainable energy sources like wind or solar over higher emission units is a powerful strategy to reduce CO2 emissions in electric generation. This contributes to a cleaner and more environmentally-friendly energy grid.
Grid Reliability with Finnshield Thermal Mass Storage: Finnshield’s thermal mass storage provides a reliable source of energy during grid blackouts, ensuring uninterrupted power supply. This enhances the resilience of the household’s energy system.
These points collectively underscore how Finnshield’s thermal mass storage technology offers a holistic and sustainable approach to energy management, benefiting both homeowners and the environment. It’s a significant step towards a more efficient, cost-effective, and eco-conscious energy future.