With only around 9 per cent of new green hydrogen projects under construction or having reached final investment decision stage, Nadim Chaudhry, Chief Executive Officer, World Hydrogen Leaders, takes a look at the challenges and likely pathways to drive the industry forward.
Many electric utility operators are already taking measures to establish resilient networks capable of withstanding the impacts of climate change. Research indicates that every dollar invested in building resilient infrastructure saves six dollars in future repair costs, making it a beneficial long-term investment. So what are the key steps utilities can take?
Adrian McNulty, VP Utility Solutions, IQGeo
A rise in renewable energy is futile if our grids can’t keep pace with the growth.
By Frédéric Godemel, EVP Power Systems and Services at Schneider Electric
The untapped potential of green hydrogen is key to decarbonisation and achieving net zero targets but more long-term projects are needed to meet 2050 demand forecast.
Olga Bezhentseva, Director Commercial Advisory, Mazars
Green, or low carbon, hubs located within economic free zones and coupled with the designation of spoke infrastructure as national critical infrastructure, could put the UK on the path to achieve its 10 GW hydrogen production capacity target by 2030
Gavin Watson, Partner at Pillsbury Winthrop Shaw Pittman LLP
If the production of green hydrogen is causing aquifer depletion or groundwater pollution because of how the feed water is extracted or the effluent is being disposed of, then it does somewhat undermine its environmental benefits. If the production of hydrogen is to be both green and sustainable, developers will need to consider new and innovative disposal methods
By Gavin Bollan, Technical Director, ITPEnergised
Digital software provides the foundation for wide-scale adoption of electricity as a power source but to maximise value from distributed power a reality, developments in digital software will be required.
by Ron Beck, Senior Director, AspenTech
Funding will undoubtedly help accelerate e UK’s green hydrogen generation and construction of the requisite infrastructure, however money alone will not overcome the challenges posed by clean hydrogen.
Jess Johnson, IP Associate, and Nick Smee, Partner at Browne Jacobson
Since 2016 there has been a persistent gap in the cost of capital for renewable companies versus oil & gas companies. Consequently, some oil & gas clients have not been able to get new renewable projects to clear their cost of capital and others have billions of capital already invested but earning low returns. It is a structural weakness oil & gas will need to address.
By Heidi Hellmann and Kasparas Ragaisis at Marakon
Potentially, moving from one ERP system to another is much more than a simple upgrade. Additionally, energy companies need to ask themselves whether a greenfield approach is better suited to their needs or a brownfield approach is better? Each approach has its pros and cons, but there is a third way, the hybrid approach. Typically, it involves migrating data from one or more ERP systems to a new S/4HANA solution.
by Richard Evans, Head of Solutions and Innovation at Delaware UK