Improving industrial energy efficiency is considered an important factor in reducing carbon dioxide emissions and counteract climate change. For many industrial companies in cold climates, heat generated at the site in summer will not be needed to fulfil the site heat demand during this time, and is thus removed to the outdoor air. Although a mismatch between heat generation and heat demand primarily being seasonal, a mismatch may also exist at times in the winter, e.g. during milder winter days or high production hours. If this excess heat instead of being sent to the outdoors was stored for later use when it is needed, purchased energy for the site could be decreased. One way to do this is by the use of a borehole thermal energy storage (...