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PropTech1 sees investment opportunity in Europe's industrial Heat-as-a-Service market

PUBT·10/27/2026 17:52:05
PropTech1 sees investment opportunity in Europe's industrial Heat-as-a-Service market
  • A new industrial heat analysis favors investment in service providers that integrate, finance and operate electrified heating systems over equipment manufacturers.
  • The 250–800°C segment accounts for about a third of global industrial heat demand.
  • Thermal storage charged during cheap electricity hours can deliver heat at £55/MWh, below gas at roughly £59/MWh including carbon costs.
  • Thermal storage startups raised around $500 million across 2024 and 2025, but hardware faces increasing commoditization.
  • Investment timelines span five to ten years, with acquisitions by utilities and industrial companies expected to dominate exits rather than IPOs.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PropTech1 Fund I & GmbH Co KG published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.