renewable hydrogen and e-fuels - house-of-energy.dk...renewable hydrogen activities and matures...
TRANSCRIPT
Renewable hydrogen and e-fuelsImportance of scale and way forward in a production context
Anders Nordstrøm30 January 2020
The Ørsted Way Let’s create a world that runs entirely on green energy
2
Sources: IRENA Renewable Power Generation Costs in 2018, Wind Europe 1. 2018 average global capacity factors 2. Potential towards 2050 identified by the interest organisation Wind Europe. European Commission expect 230-450GW (depending on scenario) offshore wind in 20503
Why offshore wind and electrolysis?
Scale Capacity factor Resource availability
Solar PV Onshore wind Offshore
18%
43%
34%
Wind farms >1.2GW currently being commissioned
Highest capacity factor of variable renewable generation1
450GW of realizable potential identified in Europe2
212GW North Sea 83GW
Baltic Sea
85GW Atlantic Ocean
70GW Southern
Europe
4
Note: Polymer electrolyte membrane electrolysis technology assumed Source: IEA, IRENA, FVV, DLR/LBST/Fraunhofer/KBB, Schmidt et al. 2017, Ferrero et al. 2016, Götzet al. 2016, company presentations, expert interviews, BCG analysis5
Investment cost for electrolysers expected to decrease substantially - Scale is the main factor affecting initial investment costs
400
200
0
500
300
100
600
700
1,200
800
900
1,000
1,100
Electrolyzer cost (€/kW)
2018 2030
Small electrolyser (10MW)
Tech. cost reduction levers
Large electrolyser (100MW)
Well established technology, dating back to the XVIII century
Role
– Scale-up of stack to 5MW
– Test of semi-automatic manufacturing
– Design of production capacity to 300MW/yr from 2023 -1GW/yr by mid-2020s
– Scenario assessment of electrolyser implementation in energy system
– Identification of location for up to 100MW potential project in next phase
Source: Gigastack project6
The Gigastack project brings together electrolyser manufacturing and project deployment to create a tangible way forward to benefit from scale
Findings
3. Scale-up of utmost importance to decrease investment cost
2. Removal of regulatory barriers are must-wins to ensure cost competitive hydrogen
1. Cost of electricity make up majority of lifetime hydrogen cost
Source: Gigastack Project7
While industrialisation of electrolyser manufacturing has only just begun it is evident significant progress is already being made
Footprint comparison of what it takes to make a 10MW electrolyser from ITM Power modules
(2x5MW modules shown of left hand side)Modelled projections of stack cost reductions
8
We recently obtained EUDP funding to mature the H2RES project to deliver green H2 for road transport in the Copenhagen area
The project
– 2MW electrolyser
– connected to nearby wind turbines
– placed at Avedøre power station
– producing H2 for transport
Partners and funding
– DKK 34.6m funding granted by EUDP
– Project partners: Ørsted, EverfuelEurope, NEL Hydrogen, GreenHydrogen, DSV Panalpina, Hydrogen Denmark, Energinet Elsystemansvar
Besides involvement in H2RES and Gigastack, Ørsted is an active participant in several renewable hydrogen activities and matures asset projects together with partners
9 Source: Pictures by Westküste 100 and ISPT
Westküste 100 ISPT Gigawatt
+ maturation of a number of electrolysis projects in North
Western Europe
Project development
10
Thank you