Low-temperature corrosion often causes failures of cold-end parts (economizers, air pre-heaters, and fire tubes of hot water boilers) in biomass boilers firing chemically untreated wood chips and bark. The most relevant mechanisms causing low-temperature corrosion are condensation of acids and hygroscopic salts in the deposits on heat-exchanger surfaces. This article offers a short review on acid condensation and presents a detailed study on the formation of hygroscopic salts, which may absorb moisture from the flue gas to such an extent that they are dissolved and form highly concentrated salt solutions. Typical fuel compositions of wood chips and bark in combination with typical operating conditions of biomass grate furnaces have been used to estimate the compositions of ash deposits on heat-exchangers. Based on these compositions, thermodynamic equilibrium calculations have been conducted in the range of 70-400 degrees C, which have revealed that the hygroscopic salts K2ZnCl4, KCaCl3, and CaCl2 can be formed at these conditions. Finally, recommendations are given on how to minimize the risk for low-temperature corrosion.