Addison Stark, co-founder of AtmosZero, discusses the scale of heating equipment needed to decarbonize industrial steam in US manufacturing facilities.
Insight
Stark: Chasing industrial waste heat is a waste of time
“Waste heat is a waste of time. It's actually limited this industry for some time, because people are chasing after a small increase in COP to be able to justify and minimize OPEX, but what they've inadvertently done is, It's essentially driven a massive increa…”
Disclosure
Stark: AtmosZero trades operational efficiency to massively reduce CapEx
“We're essentially looking at decreasing our overall efficiency, but ideally to be able to massively decrease capex.”
Assertion Supported
Stark: Fuel accounts for 70% to 90% of boiler operational costs
“Once you look at the twenty-year life cycle of a boiler, or, you know, sometimes we're out in the field and we see 30, 40, fifty-year-old boilers, it's really about the opex, the fuel, and the maintenance, but fuel itself can be 70 to 90% Of that OpEx itself. …”
Insight
Stark: Steam costs represent a minor fraction of food and beverage product costs
“If you look at food and beverage industry, generally the cost of steam is a small fraction of the delivered product, because at the end of the day, let's say you're brewing beer. You're dominated by the cost of hops and barley and other sorts of ingredients, a…”
Assertion Partly supported
Stark: Electric boilers grow at 26% annually within $17B boiler market
“And while the total penetration in the market is relatively small, maybe about one to two percent of the boiler market today, it's the fastest growing subsector in the boiler market. So if you look at the growth of the boiler market It's about a seventeen bill…”
Assertion Not checkable as stated
Stark: European Natural Gas Prices Are Now Pegged to Global LNG
“No longer do you have a ready and plentiful access to pipeline gas coming in from Russia. So now in Europe, natural gas prices are much more closely pegged to global LNG imports into Europe, and that has changed the spark spread there and the equation there.”