hydrogen economy pdf

Hydrogen for Economic Growth £18 billion in value and over 200,000 jobs could be generated by deployment of hydrogen and CCS in the UK economy This series of studies starts by examining how a future UK economy could benefit from the development of hydrogen and CCS technologies. Vol 176, Issue 4041 23 June 1972 . We must therefore harness the potential for economic output, employment, and the climate, and do this now.” EU Hydrogen Strategy, July 2020: Hydrogen is “essential to support the EU’s commitment to reach carbon neutrality by Fuel costs are the largest cost component, accounting for between 45% and 75% of production costs. Its green credentials will make it critical for difficult-to-decarbonise industries like steel – but in 2020 it only constitutes 0.1% of global hydrogen production. 8 ESTABLISHING A REGIONAL HYDROGEN ECONOMY ESTABLISHING A REGIONAL HYDROGEN ECONOMY 9 OPPORTUNITIES Emerging opportunities for hydrogen production, storage and transfer include: - Excess electricity from renewable generation in the region (e.g. hydrogen economy is dependent on the use of clean, renewable resources as the source of electricity. Article; Info & Metrics; eLetters; PDF; This is a PDF-only article. This vision can become a reality if hydrogen can be produced from domestic energy sources economically and in an environmental-friendly manner. Green Hydrogen Economy, but Project Delays Likely Executive Summary In July 2020, the European Union unveiled its new Hydrogen Strategy, a visionary plan to accelerate the adoption of green hydrogen to meet the EU’s net-zero emissions goal by 2050. Economic Impact Assessment Hydrogen is ready to power the UK’s Green Recovery 12 August 2020. • Hydrogen is versatile in terms of supply and use. Until a dramatic shift is made toward renewable energy sources, the production of hydrogen cannot be emissions free. A Hydrogen Economy. the International Partnership for the Hydrogen Economy) and Giorgio Simbolotti of the International Energy Agency. For instance, the major routes to employable hydrogen gas involve the use of electricity. 1689 0 obj <>stream 3 0 obj The “hydrogen economy” is the use of hydrogen as a clean, low-carbon energy resource to meet the world’s energy needs. {W�۴�� ]^�Eȥ;�ch�*W>;~ŉ�٩�R�'_��[7��`:}�6�c ��Q�''�=|�1�H�P�i;P��@E܄�j��k��pZs��5��>��uVg'a8T��g �j��(�'M�n?�>��}�Sp�N��c�L uMF�:��V��˴l�a��B ��(�HF�B��wO�Y�/�h��d�5-�0�ɿ2B�o3b2��5-�HZ`��v4-��d��M�>�S��b�c��CU(�R�,d�\~i�t�^ܻ��Zzwl�s��w��^��T�� *%�� The very small assumed penetration of hydrogen in the analysed scenarios up to the year 2050 indicates that the hydrogen economy is a long-term option.With reference to … See all Hide authors and affiliations. By J. O'M. <>/Metadata 3675 0 R/ViewerPreferences 3676 0 R>> Hydrogen can be used as a feedstock, a fuel or an … Hydrogen has been used for a long time as an industrial feedstock and represents the precursor of many industrial products, such as petrochemicals or ammonia. 1.0 Introduction The objective of this paper is to study the transition from a petroleum-based energy system to a hydrogen economy, and ascertain the consequent opportunities and challenges. %PDF-1.7 endstream endobj startxref Hydrogen Economy Plan in Korea Jeong Eun Ha, Officer for Innovation, Technology and Science, 18th of January, 2019 Introduction The long debate on next generation cars in Korea has come to a conclusion that the Korean government will take hydrogen cars’ side to become the next economic growth engine instead of the Electric Vehicles. NEW HYDROGEN ECONOMY, HOPE OR HYPE? However, this will only be possible if policies are put in place to help scale up technology, and drive down costs. In the new era, says Rifkin, every human being could become the producer as well as the consumer of his or her own energy - so called "distributed generation." INTRODUCTION – WHY WE NEED A STRATEGIC ROAD MAP FOR HYDROGEN Hydrogen is enjoying a renewed and rapidly growing attention in Europe and around the world. 1680 0 obj <>/Filter/FlateDecode/ID[<2C3977790730DD4AAE17CB3EF19AC00F><228D00B35B5AB64A9B24D69CD89621CF>]/Index[1671 19]/Info 1670 0 R/Length 65/Prev 1054931/Root 1672 0 R/Size 1690/Type/XRef/W[1 3 1]>>stream Hydrogen adds flexibility to energy production and use by linking naturally with fossil, nuclear, renewable, and electrical energy forms: … The Hydrogen to Heysham (H2H) project seeks to demonstrate a path to bulk low carbon hydrogen supply, supporting the UK Government’s commitment to net zero carbon emissions by 2050. Hydrogen is a clean-burning molecule that could become a zero-carbon substitute for fossil fuels in hard-to-abate sectors of the economy. The first page of the PDF of this article appears above. 176, Issue 4041, pp. The hydrogen economy is an envisioned future in which hydrogen is used as a fuel for heat and hydrogen vehicles, for energy storage, and for long distance transport of energy. In order to phase out fossil fuels and limit global warming, hydrogen can be created from water using intermittent renewal sources such as wind and solar, and its combustion only releases water vapor to the atmosphere. economy up to 2050 and beyond. If a global hydrogen economy replaced the current fossil fuel-based energy system and exhibited a leakage rate of 1% then it would produce a climate impact of 0.6% of the current fossil fuel based system. hydrogen production by electrolysis using nuclear generated electricity at the Heysham nuclear power station. 0 9 Hydrogen can be produced using a number of different processes. Scaling Green Hydrogen Production . <> The Apollo 11 mission relied on a hydrogen-powered fuel cell system, which supplied electricity and water for the mission, and on liquid hydrogen as fuel to propel the rockets. While the Hydrogen Economy Roadmap developed by the Moon administration covers different components of developing a hydrogen-based economy, much of the plan will rest on South Korea’s ability to expand the acceptance of fuel cell electric vehicles (FCEVs) first in South Korea’s domestic market and in time in markets around the world. x��U�n�@�[�?ܥ��R)�-jR��p��D 8%΂��R6)4{��s�9w ��tqt�� 9hȟ��wP��Rʬ`�SDp��a��0 K�6��)0�A��T�qWx��N�u0-��Q�I�e:��n�:O7�p��%�i�0Iˇb�^~�~�. Around 125 TWh of hydrogen would be required to support end-use sectors such as heat, transport, power and industry by 2035 annually. Hydrogen economy is an economy that relies on hydrogen as the commercial fuel that would deliver a substantial fraction of a nation’s energy and services. • Hydrogen can enable renewables to provide an even greater contribution. Their help is gratefully acknowledged. Bockris. <> They still face considerable cost challenges. 1 0 obj PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS A hydrogen strategy for a climate -neutral Europe . endstream endobj 1675 0 obj <>stream from periods of high wind or sunshine), could lead be used to create green hydrogen. endobj For the past 10 … 1 1. Today burning coal and nuclear fission generates 68% of the US electricity. Economically viable and less carbon-intensive processes alternatives to steam methane reforming and coal gasification are emerging. Scale, as the experience of falling renewable energy and battery prices highlights, is the key to sustained falls in production costs. 1323 DOI: 10.1126/science.176.4041.1323 . Read Future energy – green hydrogen … Currently, 96% of hydrogen is produced from fossil fuels via carbon intensive processes. h�bbd```b``� �i�lD�s��l��=@�#�X#Q��? It is a free energy carrier that can be produced by many energy sources. Germany Hydrogen Strategy, June 2020: “The time has come for hydrogen and the technologies enabling its use. The Phase 1 feasibility h޴Tmk�0�+�A'ٖl('k�A�KX��$��:��K�l+^a��t��J�P&�"I�ĤC�m@F$,X2��#��02��;9[�Ǫ>�B��2y�W��Ln�P��U��&�#�f��^$��~��A��sw��V��CֆM��(ܾ��Yu~��Oh ��gv>�c&�:w�r��d ? The hydrogen economy as a network of primary energy sources linked to multiple end uses through hydrogen as an energy carrier. Hydrogen Economy Outlook, a new and independent global study from research firm BloombergNEF (BNEF), finds that clean hydrogen could be deployed in the decades to come to cut up to 34% of global greenhouse gas emissions from fossil fuels and industry – at a manageable cost. rapidly establishing deep foundations for a hydrogen economy. Green hydrogen is produced from water by renewables-powered electrolysis. 2 0 obj stream It also describes ongoing FE hydrogen-related research and development (R&D). 4 Introduction There is a growing belief among policy-makers, environmental organisations, energy analysts and industry leaders that hydrogen is the fuel of the future that will revolutionise the way we produce and use energy. Hydrogen is one Of this annual demand, 20% could be met by green hydrogen (electrolysis) and 80% by blue hydrogen (ATR plus CCUS). The production cost of hydrogen from natural gas is influenced by a range of technical and economic factors, with gas prices and capital expenditures being the two most important. SUPERGEN Hub to examine the potential economic impact of hydrogen and fuel cell technologies on the UK Economy – including early macroeconomic modelling of the impact of the replacement of refined fossil fuels with hydrogen in the UK transport sector. The term "hydrogen economy" refers to the vision of using hydrogen to replace traditional fuels such as oil and natural gas as low-carbon fuels for transportation or … … %%EOF Today's centralized, top-down flow of energy, controlled by global oil companies and utilities, becomes obsolete. Hydrogen and CCS are not novel technologies. A future hydrogen economy would therefore have greenhouse consequences and would not be free from climate perturbations. hydrogen economy, as well as opportunities in new R&D and product markets for bio-products. ROAD MAP TO A US HYDROGEN ECONOMY Methodology 5. The Index Universe consists of companies that are actively engaged in the value-chain of the hydrogen industry, which includes value-creating activities within the hydrogen economy such as energy input, production, transport, storage and end-use. Science 23 Jun 1972: Vol. �y %�� The source of energy used and the method define whether it is informally considered grey, blue or green. %PDF-1.5 %�� bdJ2"ۯ��c��yx��I��簰�;00��O�� k�+U�yq�e��q��Ž2�-w�(k��)e d6�3�70�w0�W40�Wt y��d� I��x�#�4;�{Xl$�-m``�~��(h��6a�\`}��k��4?C�~��ρ"V� �O} <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The hydrogen economy is of key strategic importance to Korea, a country lacking in both conventional and easily-exploitable renewable energy resources. endobj The key to enabling the potential of the hydrogen economy is a supply chain that can produce green hydrogen at scale and at a price that the market will pay. The economics are a challenge. Fifty years ago, the US put the first man on the moon. 4 0 obj The cost of producing hydrogen from renewables is primed to fall, but demand needs to be created to drive down costs, and a wide range of delivery infrastructure needs to be built. h�b```�$6�iB ��"N� The hydrogen economy makes possible a vast redistribution of power, with far-reaching consequences for society. 1671 0 obj <> endobj Conclusion: A Green Hydrogen economy would require vast amounts of renewable electricity generation: much more than can reasonably be contemplated into the long distant future. �[��鏝9(�L�`uw�n+�7�)��0ơ��h�?s�j��Jm�ρlGp�S�?��u�{ۻ��8h��ʈ� �ET��w�h�çׯ~$�'I?ʣtd��e�ʒC�Ǿ��p�Y��_��x�s��p��N ��Gqx��|{is�Pp�n��0 %k��/��o�?��4�|�?>|�x�y�|��Û˸ݜ�;$Ӎ�ؓ��jG��8"�=I�GO��.��k$]��v��@��ּ�� 7��:�t�� X��3�0~(� ߶#r��iO~m�|�õ�b`�t&�~�Ѝ� ��T@��#�#WB�� :��3��7�w3��wi2u��wE�)\&m. Science. This document summarizes current hydrogen technologies and communicates the U.S. Department of Energy (DOE), Office of Fossil Energy's (FE’s) strategic plan to accelerate research, development, and deployment of hydrogen technologies in the United States. It has the potential to help with variable output from renewables, such as solar photovoltaics (PV). Quantitative analysis also offers insights on policy options for promoting hydrogen technologies. x��}ێ7�� C=��y��j�Y�>��a�y��m��,�1��-2��̪b�jw5��q��篇w��=�r��۟��_o��?��o�?|��_�{��ӗ��÷��?_�G��^��a0�8�×�ׯ��7�ϯ_=��Gy?��y�ݱ?��p��>��f?��ׯ޻��O��_�>��צ[0�q0� ��ֶw��{u��ZCw��v�� Y� G2��a��8��}�� !Gw.Z�a�;�>2�ݭ��V��l��[�LZ?Lj�o�H��O~;�zxo��+>�b��|i� Three scenarios for hydrogen and CCS deployment, with varying levels of ambition, were developed to … In the region there is already 121MW of … endobj endstream endobj 1672 0 obj <>/Metadata 140 0 R/Pages 1669 0 R/StructTreeRoot 183 0 R/Type/Catalog>> endobj 1673 0 obj <>/MediaBox[0 0 595.32 841.92]/Parent 1669 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1674 0 obj <>stream The hydrogen economy | 6 December 2020 5 Converting ambition into reality: Policy and economics To meet these ambitious environmental targets, governments will need to put supportive policies in place. ), could lead be used to create green hydrogen is produced from domestic energy sources to..., could lead be used to create green hydrogen is produced from water renewables-powered... 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