MarketsandMarkets Chief Sustainability Officer Roundtable 2023 - Green Hydrogen
Energy markets are in the middle of a revolution, triggered by the need to achieve net zero goals. For an energy company of the future, any future portfolio will require access to a diverse portfolio. This will need to span generation, demand and storage or other technologies that can deliver flexibility.
Diversification of energy companies to more than fossil fuels does not necessarily mean continued ownership of the assets by the energy companies. Different business models and organizational structure will be pertinent to different areas in energy mix. In this context, Green Hydrogen will be a key enabler in achieving the right energy mix for many economies struggling with the dual goal of carbon neutrality, and energy security.
Hydrogen plays a very important role in pushing the global energy systems to achieve net zero GHG emissions. It’s relatively high energy density makes it a perfect fit for many industrial, and specific transport applications; it also enables the concept of “sector coupling” across integrated energy systems by delivering cheap and flexible energy to a large pool of consumers. Two important factors that is driving acceleration in this market are falling technology costs and increasing government support.
As the market for green hydrogen is expected to reach ~17 GW by 2026 from its current size of ~0.5 GW, new routes beyond alkaline and PEM electrolysis, such as thermochemical water splitting, photo electrochemical cells, and photo biological water splitting, could also prove to be next possible hot beds. Further, hydrogen storage beyond the conventional physical means needs to evolve to develop cost-effective materials with high hydrogen density by volume and mass and must be capable of fast charge/discharge rates.
As more and more countries adopt national hydrogen strategies, factors such as local availability, ease of access to hydrogen, existing natural resources, availability of public and private finances, country’s energy position, and state of industrialization will all play a pivotal role in defining opportunities for players in the ecosystem. What type of hydrogen (grey, blue, green, yellow, etc.) should you produce will also depend on the risk appetite and urgency to achieve net zero goals?
Join Markets and Markets and a select panel of industry peers as we explore $100 billion worth of growth opportunities created by the disruptions in the coming decade and deep-dive into identifying new revenue sources and integrate actionable insights into building a robust Green Hydrogen strategy roadmap for your organization to get a first-mover advantage.
KEY AREAS OF DISCUSSION
EVP and Chief Technology and Sustainability Officer, SABIC
Chief Sustainability Officer, ODFJELL SE
SVP - Business Development, Engie
Chief Strategy & Sustainability Officer, Majuperak Holdings Bhd
Associate Manager, MarketsandMarkets