Condensed Hydrogen Marketability

A condensed presentation on the opportunities for hydrogen storage and its marketability.

Transcript

1. Hydrogen Opportunities • Storage of Excess Energy Produced • Back-up Energy Source • Supplement Energy Supply • Heating Energy Banks • Heavy Duty Vehicles • Public Transportation • Personal Vehicles Transportation • Forklifts • Tow motors Material Handling
2. What is Driving the Hydrogen Market? Renewable energy including demand for hydrogen is driven by: • Need for clean environment, • long-term availability and sustainability, • cost, • safety and reliability, • and technology US Power Sector Pounds CO2 /MWh 20% Below 2005 40% Below 2005 80% Below 2005 2005 Annual Level The retirement and replacement of coal-fired Power plants with:
3. As of 2020 $1.7 Trillion invested into energy this year $650 Billion in oil and gas $300 Billion in renewable energy $300 Billion in automotive 5Mt of hydrogen is already produced worldwide annually Currently $1,500 to $2,000 for refueling infrastructure per Fuel Cell Electric Vehicle (FCEV) That is the same spent for Battery Electric Vehicles (BEV) With larger scale useage, this will reduce sharplly Already over 15,000 hydrogen fuel cell powered forklifts in operation in global warehouses today
4. Hydrogen Status in the US • In California • SB1122 calling for green hydrogen be considered as 0 carbon energy • Has 100% renewable electricity goal • Currently having to dump excess energy produced • Legislative body sees this as an opportunity to produce hydrogen • Store for later use to supplement demand • Use in other applications • Transportation • Insert into natural gas lines • Plans to insert up to 45% hydrogen in natural gas power plants with a goal to be 100% hydrogen fueled by 2050 SOURCE: Browning, P. and Lepercq, T., 2020. Global Progress And Momentum For Green Hydrogen.
6. Hydrogen in the US • Microsoft • Committed to be carbon neutral by 2030 • Is focusing on Hydrogen • Is replacing diesel backup generators with hydrogen • Also utilize hydrogen to store excess wind and solar energy • Material Handling • Amazon, Kroger, Walmart and other distribution centers are using forklifts and tow motors powered by hydrogen • 15% cost effective over battery powered forklifts
7. Hydrogen Worldwide • 2020 Olympics Tokyo • Will leave a hydrogen legacy • Rolling out hydrogen refueling stations and FCEVs • Olympic Village is powered by hydrogen CHP units (combined heat and power) • Germany has a strategy in place go from 100 hydrogen refueling stations to 400 in the next 10 years1 • Boeing Australia Research and Technology committed to halving 2005 carbon dioxide levels by 2050 using hydrogen2 • Toyota challenged itself to eliminate carbon dioxide emissions from manufacturing by 2050 • Hydrogen is a cost-effective option for combined building heat and power with existing natural gas levels • Viking Cruises is planning to build the world’s first hydrogen powered cruise ship3 1California Hydrogen@CAHydrogen·15hCHBC webinar discussing the #German National #Hydrogen Strategy - covering generation, et al. “Blog.” California Hydrogen Business Council, 1 Sept. 2020, www.californiahydrogen.org/2020/09/01/chbc-exclusive-webinar-on-the-german-national-hydrogen-strategy/. 2Sampson, Joanna. “Complete Transition to Hydrogen-Fuelled Flights from 2050.” Hydrogen View, Hydrogen View, 4 Aug. 2020, www.h2-view.com/story/complete-transition-to- hydrogen-fuelled-flights-from-2050-says-new-csiro-report/. 3Radowitz, Bernd. “World's First Liquid Hydrogen Fuel Cell Cruise Ship Planned for Norway's Fjords.” Recharge, 3 Feb. 2020, www.rechargenews.com/transition/world-s-first-liquid- hydrogen-fuel-cell-cruise-ship-planned-for-norway-s-fjords/2-1-749070
8. Hydrogen Storage Tanks is Projected to be a $10 B Annual Market through 2030 • More than 15,000 new hydrogen refuel stations worldwide • At 10 per station, need 150,000 tanks • Over 12,000 tons hydrogen per day sold, 4 million tons of hydrogen per year • More than 350,00 hydrogen trucks • Will need 700,000 on board tanks • 50,000 hydrogen buses • Will need 50,000 hydrogen tanks • 250 to 300 TWh surplus renewable electricity stored as hydrogen • Will need 200,000 storage tanks • Cost per FCEV infrastructure down to $1000 • By 2030, hydrogen could have an annual revenues up to $140 billion while still being in a strong growth phase By 2030 SOURCE: “Hydrogen Scaling up: A Sustainable Pathway for the Global Energy Transition.” Hydrogen Council, hydrogencouncil.com/en/study- hydrogen-scaling-up/.