The CEO of UK’s ITM Power believes the ‘power to gas‘ market is approaching a tipping point. The comment was shared during a S&P Global Platts interview in February 2018 nearly a month after Shell announced it was partnering with ITM to build one of the largest PEM electrolysis project in Europe (10MW, Rhineland Project).
CEO Dr Graham Cooley’s optimism is based on an inflection point of global sales for hydrogen electrolysis systems exceeding £200 million. There is also growing confidence in the ability to commercialize PEM electrolysis equipment as a lower cost approach to traditional alkaline electrolysis. PEMs can be developed for small or large applications giving the industry room to meet a range of market demand.
Future outlook may be bright given the number of high profile power to gas projects around the world from Australia, Netherlands and the UK. Indeed the industry may look back at this window as the tipping point for growth in the sector.
PtG Solutions: Storage for the Grid, Hydrogen for Transportation and Green Chemistry for Industry
Power to gas (PtG/P2G) is an energy system that converts excess electricity into hydrogen gas which can be stored or blended with CO2 into methane that is integrated into existing natural gas pipelines. Unlike batteries which struggle to store energy by volume and duration, power-to-gas options no limits on volume or duration.
PtG holds potential as an energy storage solution for renewables and as a source of hydrogen for fuel cell electric vehicles. PtG’s greatest long term impact might be in helping to decarbonize chemistry associated with industrial processes and reducing carbon used in the heating sector.
By socializing a ‘green gas’ image, PtG also creates an opening for the traditional hydrocarbon industry – which is increasingly focused on natural gas (methane) to expand their operations around ‘renewable gas’.
If we are at a tipping point, companies such as ITM Power are well positioned to capture the growth. ITM is preparing to move to new facility Rotherdam with capacity to build 300 MW/year of electrolysers. (2017 Slide Deck)
Other players include:
22 min Presentation at Hannover
ITM began its journey in 2015 with a demonstration wind to hydrogen station
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