MGA Thermal claims that the initial rollout is expected to avoid 38,000 tonnes of CO2 emissions annually, with the potential to eliminate fossil fuel usage entirely if deployed at scale across the facility.
Mark Croudace, CEO of MGA Thermal, said: “Commencing the FEED study is a significant step – it’s where engineering challenges are resolved, and the pathway to FID and construction becomes real.
“This project is the first of several we are actively developing, and it demonstrates that MGA Thermal’s technology is ready to scale across industrial and manufacturing sectors.”
From demonstration to commercial deployment
At the core of MGA Thermal’s system is its patented MGA Block technology, which stores energy as latent heat, enabling long-duration thermal storage. Renewable energy is converted into heat and stored in the MGA Blocks before being dispatched on demand as high-grade process heat suitable for industrial applications.
