Industrial parks have energy storage benefits

What are industrial parks?

(7) Industrial parks are emission hotspots where targeted low-carbon engineering/policy interventions can substantially reduce emissions. (8,9) Low-carbon pathways for industrial parks include industrial structural change; energy efficiency improvements; decarbonization of their energy mix; and carbon capture, utilization, and storage.

Why is shared energy infrastructure important in industrial parks?

Shareable energy infrastructure is universally used in industrial parks and generally has a long service lifetime 27, 28, 29; thus, the GHG emissions from industrial parks are locked in. Efficient, resilient, and sustainable infrastructure is a crucial pathway to greening industrilization 30.

How much do industrial parks cost?

Total costs to industrial parks are US$−8–27 billion annually. This indicates decreasing renewable energy costs will reduce the costs for purchasing grid electricity and deploying PV and wind power, thus making industrial park costs negative.

What is energy infrastructure in an industrial park?

The energy infrastructure in an industrial park is defined as shareable utilities that are located within the park and provide energy for the park, e.g., heat and electricity 31. Climate change mitigation requires decoupling energy services and GHG emissions.

Does energy infrastructure decarbonize industrial parks?

In existing studies, GHG mitigation of industrial parks and energy infrastructure have been mostly analyzed separately, and very few studies emphasized energy infrastructure decarbonization at the industrial park level 31.

Do social benefits outweigh industrial park costs?

Thus, social benefits outweigh industrial park costs by a substantial margin of US$30–156 billion. Given the total GHG mitigation of 768 million tons CO 2 equivalent, the economic benefit per ton of GHG reduction is US$39–204.