Glossary CAPEXCapital expenditure COPCoefficient of performance GWPGlobal warming potential LCOHLevelized cost of heat Endnotes 4.Values based on ‘SYSTEMIQ (2024). Catalysingthe Global Opportunity for Electrothermal EnergyStorage. Retrieved from:https://www.systemiq.earth/electrothermal-energy-storage/’ andcorroborated by contributing experts. 1.International Energy Agency (2024). Renewables2023. Retrieved fromhttps://iea.blob.core.windows.net/assets/96d66a8b-d502-476b-ba94-54ffda84cf72/Renewables_2023.pdf. 2.Fraunhofer ISI (2024). Direct electrificationof industrial process heat. An assessment oftechnologies, potentials and future prospects for theEU. Study on behalf of Agora Industry. Retrieved from:https://doi.org/10.24406/publica-3407 5.Values based on ‘SYSTEMIQ (2024). Catalysingthe Global Opportunity for Electrothermal EnergyStorage. Retrieved fromhttps://www.systemiq.earth/electrothermal-energy-storage/’andcorroborated by contributing experts. 3.McKinsey & Company (2024). Net-zero electricalheat: A turning point in feasibility. Retrievedfrom:https://www.mckinsey.com/capabilities/sustainability/our-insights/net-zero-electrical-heat-a-turning-point-in-feasibility#/