Exploring the market potential for sustainable steam to electricity generation within the United States

Abstract

The threat of global climate change is driving CO2 emitting industries towards more environmentally sustainable means of production. This research will explore alternative ways of producing steam by renewable means rather than oil and gas. A case study will be carried out to examine market potential in the US for the Finnish company Elstor Oy. The company’s technology both produces steam and acts as an electricity storage device. This research examines the steam and electricity markets, as well as preexisting research for market feasibility of similar products. The primary research will be carried out via semi-structured interviews with US-based industry and academia experts supporting sustainability in the steam and electricity industries. The findings derived from their expert opinions on a variety of best ways to penetrate the US market with further analysis of the modern-day industry environment concluded to be, collaborations with universities, applying for grants, and establishing a business presence in the US using a business plan.