OVERLAND PARK, Kan .– (BUSINESS WIRE) – October 5, 2021–
The global energy industry is turning to green hydrogen, a carbon-free fuel generated from renewable energies, as essential on the path to decarbonization and climate neutrality. Given the scale of the investments required to harness the potential of hydrogen – and the ambiguous costs associated with it – a new e-book from Black & Veatch brings clarity by examining the market forces and financial considerations surrounding hydrogen technology.
Available as a free download, 2021: Dynamics of the hydrogen market navigate the financial paths that will put hydrogen on a viable and profitable path.
Hydrogen can complement – or even accelerate – the integration of renewable energies and electrification. It can also provide technologically and financially viable pathways as a zero-carbon fuel, feedstock and energy carrier while serving as a method of energy storage.
While electrification and the promotion of renewable energies can play a huge role in decarbonizing the energy sector and downstream users, hydrogen is needed to accelerate these changes and enable a lower carbon footprint of downstream applications. high energy intensity and sources of emissions that are not reasonably reduced by other means. Additionally, hydrogen can leverage existing fossil gas infrastructure in that it can be shipped, stored, and used as fuel, all without major impact on the existing value chain.
So, while hydrogen has such obvious advantages, why isn’t the energy industry making sweeping changes to embrace it as a solution? In other words, it is a cost.
“Having yet to reach significant commercial scale or applications in industry, transportation or power generation, clean hydrogen is currently not competitive with other forms of non-fuel. additional incentives, ”said Jason Rowell, associate vice president and global decarbonisation, Black & Veatch. solutions director within Black & Veatch’s global electrical business. “As the world continues to face the growing impacts of climate change, it is increasingly urgent for the industry to understand the market dynamics behind hydrogen technology. “
2021: Dynamics of the hydrogen market explores how the large-scale adoption of hydrogen will improve the economics of electrification, renewables and hydrogen-based solutions.
“There are multiple paths to our shaping energy future,” said Deepa Poduval, Global Strategy Consulting Practice Manager at Black & Veatch. “Understanding the market dynamics behind hydrogen will help policymakers, energy producers and consumers take an active role in making hydrogen a viable low or no carbon energy solution in the future.
- Download your free copy of 2021: Dynamics of the hydrogen market.
- Check out the full series of Hydrogen eBooks from Black & Veatch, which includes Hydrogen 2021: the path to net zero is becoming clearer, Hydrogen 2021: Decarbonisation in Asia and Hydrogen 2021: a roadmap to net zero.
- Learn more about Black & Veatch’s role in the hydrogen revolution.
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with over 100 years of experience in sustainable infrastructure innovation. Since 1915, we’ve helped our clients improve the lives of people around the world by ensuring the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US $ 3.0 billion. follow us on www.bv.com and on social networks.
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SOURCE: Black & Veatch
Copyright Business Wire 2021.
PUB: 05/10/2021 9:00 a.m. / DISC: 05/10/2021 9:02 a.m.
Copyright Business Wire 2021.