H2 IN ENERGY STORAGE

Today, 5th July, the FCH JU published on-line the report "STUDY ON EARLY BUSINESS CASES FOR H2 IN ENERGY STORAGE AND MORE BROADLY POWER TO H2 APPLICATIONS”

https://www.fch.europa.eu/sites/default/files/P2H_Full_Study_FCHJU.pdf

Introduction:

“It is generally accepted that energy storage is slated to become a key component of power systems in decades to come, as the share of intermittent renewables continues to rise. Within the portfolio of storage technologies, hydrogen is widely recognised as a promising option for storing large quantities of renewable electricity over longer periods. For that reason, in an energy future where renewables (RES) are a dominant power source, opportunities for Power-to-Hydrogen in the long-term appear to be generally acknowledged. The key challenge today is to identify concrete short-term investment opportunities, based on sound economics and robust business cases.”

Conclusions:

"The key conclusion of this study is that Power-to-Hydrogen is bankable already today. By 2025, an estimated cumulative electrolyser capacity of 2.8 GW could be installed in Europe based on sound economics, representing a market value of €4.2 bn. Even today, the aggregate amount of profitable business cases would amount to 1.4 GW and €2.6 bn, if all cases were realised."