Michael Liebherr, who runs the cleaning up podcast series and is a British Conservative politician as well as the founder of the Bloomberg Clean Energy fund, ha

Michael Liebherr, who runs the cleaning up podcast series and is a British Conservative politician as well as the founder of the Bloomberg Clean Energy fund, has been calling up electrified heating and industrial heating as the next trillion dollar investment opportunity. The solution there is mainly going to be switching from burning stuff to using heat pumps and other solutions. The reason the opportunity is so large is that there is a huge potential for cost savings there. Heatpumps can deliver 3x or more energy back for every unit of energy you put in. Contrary to the popular belief there are almost no industrial heat applications that can't be electrified. The majority is rather easy and involves applications that require heat in the lower hundreds of degrees celsius. Easy. Heatpumps can do that. All you need is a good source of temperature gradient and electricity. You can go much higher than that with resistive heating, plasma heating, inductive heating, etc. It's just a matter of applying enough power to these things. You eliminate a lot of emissions, supply issues and other logistics by doing so. That's where the cost savings are going to be.