The world is facing a climate emergency, and it has become imperative to take urgent action to achieve net-zero emissions by 2050. One of the key solutions to reduce carbon emissions and achieve this goal is the use of green hydrogen.
Green hydrogen is produced through the electrolysis of water using renewable energy sources such as wind and solar. The process produces hydrogen without emitting any greenhouse gases, making it a clean and sustainable alternative to traditional hydrogen production methods.
The Importance of Green Hydrogen
“Green hydrogen is set to play a key role in helping us achieve a more sustainable future, and Europe has a crucial part to play in this transition,” said Francesco Starace, CEO of Enel.
Green hydrogen has several applications in industries such as transportation, power generation, and manufacturing. It can be used as a fuel for vehicles, as a feedstock for chemical processes, and as a storage medium for renewable energy.
Green hydrogen can replace fossil fuels in this sector, significantly reducing emissions. Hydrogen-powered vehicles have already been introduced in the market, and their adoption is expected to increase in the coming years.
Challenges Faced by Governments and Renewable Power Plant Owners
The production of green hydrogen is still in its early stages, and there are several challenges that need to be addressed to scale up its production. One of the significant challenges is the high cost of production. The electrolysis process is energy-intensive and requires a significant amount of electricity, making it expensive.
Another challenge is the intermittent nature of renewable energy sources. The production of hydrogen requires a continuous and stable supply of renewable energy, which can be challenging to achieve. This requires significant investments in energy storage and grid infrastructure.
Governments and owners of renewable power plants also face regulatory and policy challenges. The lack of clear policies and regulations for the production and distribution of green hydrogen can hinder its adoption and growth.
BaxEnergy in green hydrogen production
With the emergence of green hydrogen as a promising new energy source, BaxEnergy has been quick to recognize the potential of this technology and has already adapted its solutions to be compatible with hydrogen-based technologies.
Our Energy Studio Pro® software platform is being used by several power plant owners, utilities and IPPs worldwide, demonstrating its effectiveness in optimizing green hydrogen production and maximizing business results.
In addition to our existing solutions, BaxEnergy is also developing new products specifically designed for the green hydrogen market. One of these is our cloud-edge platform Energy Management System (EMS). EMS works as an intelligent digital brain capable to take affective decisions on how to utilize energy efficiently.
It is an innovative system able to balance peaks or drops in energy demand through the management of all sources of energy connected to the electrical grid (including wind, solar, hydro and geothermal power plants) together with storage facilities (such as battery storage, pumped hydro storage and green hydrogen).
The power output in the grid would be regulated automatically by diverting the excessive energy from renewable power plants into storage facility, and by retrieving it later when needed to fill energy gaps.
The EMS will also provide advanced analytics and forecasting capabilities, helping power producers to make informed decisions and stay ahead of the competition in this rapidly evolving market.
Conclusion
Green hydrogen is a crucial solution in the fight against climate change and achieving net-zero emissions by 2050. Our expertise in renewable energy and innovative software solutions make us well-positioned to bring new value and innovation to the green hydrogen market.
BaxEnergy is going to join the “Connecting Green Hydrogen MENA 2023 (CGHM2023)” event in Dubai from March 14-16. This event will bring together experts from the renewable energy sector, policymakers, and investors to discuss the challenges and opportunities in the green hydrogen market. BaxEnergy will have the opportunity to share its expertise and learn from other industry leaders, helping to shape the future of this exciting new market.
We are also organizing a webinar on this topic, on March 30th, featuring industry experts who will provide their insights on the latest trends, technologies, and best practices related to green hydrogen.
If you want to know more about this topic, join our webinar or meet us at CGHM2023!