Energy-intensive industry and Industrial heat pumps and vapour recompression

Energy flows from energy-intensive industry to industrial heat pumps and vapour recompression; energy flows from industrial heat pumps and vapour recompression to energy-intensive industry; their prices have moved together.

Energy-intensive industry (energy) and Industrial heat pumps and vapour recompression (energy): 3 relationships.

How they are linked

1. Energy flow

Physical flow · Direct · Energy-intensive industry → Industrial heat pumps and vapour recompression

Heat pumps and vapour recompression lift process heat.

2. Energy flow

Physical flow · Direct · Industrial heat pumps and vapour recompression → Energy-intensive industry

Heat pumps supply process steam and heat.

3. Price link: electricity cost

Cost and price · Weak · Both ways

Heat pumps run on electricity, so the ratio of power to gas prices decides their payback. The industrial power proxy correlates at -0.03 monthly with the heat pump index, as equipment prices follow manufacturing costs, not tariffs.

• -0.03 monthly change correlation
• 0.14 12-month change correlation
• 0.71 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.