The energy transition for novices #5: Thermal energy storage

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ABN AMRO helps clients on the road to sustainability, including those in the energy sector. But to accelerate the energy transition you need more than just sustainable technologies. A sustainable business model is just as important. So how does that work?

Arnold and Jimmy discuss a different aspect of the energy transition every month in their podcast ‘The expert and the novice’. Jimmy Lange is incredibly curious, but his knowledge of physics and chemistry leave much to be desired. Fortunately, Arnold Mulder (Energy sector banker at ABN AMRO) can explain it all in great detail.

This time they unravel the opportunities and downsides of thermal energy storage: a system for storing energy in the ground so that it can be used later to heat or cool buildings. But is the ground in the Netherlands suitable for this? Spoiler alert! According to Jimmy thermal energy storage is too good to be true. So what is preventing this technique to be a success? Arnold enlightens us in this 12 minute podcast (Dutch only).

Smarter and more sustainable

ABN AMRO wants to help its clients become more sustainable. One way we’re doing this is by financing sustainable initiatives in the energy transition, such as the use of biofuels for the airline industry. This is how we hope to contribute to a smarter and more sustainable world through clean energy production – one of ABN AMRO’s key goals in the field of innovation for the coming years.

Sustainable business models under the microscope

Want to find out more about sustainable energy technologies? Every month, Circl – ABN AMRO’s circular pavilion at Amsterdam’s Zuidas business district – hosts Energy Transition Thursday, where we put different sustainable business models in the energy transition under the microscope. After all, a successful business model for sustainable technology is worth its weight in gold.

Interested in Energy Transition Thursday? Check out the next edition.

Want to know more about thermal energy storage? Watch the entire Energy Transition Thursday event on this topic here (Dutch only).

Listen to the other podcasts on battery storage, geothermal heating and hydrogen.

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