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Hydrogen Value Chain (1)

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The hydrogen future that is being envisioned includes hydrogen as a major energy carrier. Hydrogen has numerous benefits that will make it a useful component of future energy systems. This renewable energy source is adaptable. – PowerPoint PPT presentation

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Date added: 6 December 2023
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Title: Hydrogen Value Chain (1)


1
Hydrogen Value Chain
  • The hydrogen future that is being envisioned
    includes hydrogen as a major energy carrier.
    Hydrogen has numerous benefits that will make it
    a useful component of future energy systems. This
    renewable energy source is adaptable.
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  • These important components highlight how
    important hydrogen is as a source of energy.
  • Energy Storage and Flexibility Efficient energy
    storage and transportation are made possible by
    hydrogen. It can be made using procedures like
    electrolysis using a variety of resources,
    including renewable energy. The hydrogen that has
    been stored can be used as needed, providing
    flexibility to meet varying energy demands and
    preserve equilibrium with intermittent renewable
    energy sources.
  • Clean and Sustainable Energy A clean, renewable
    energy source is hydrogen. Renewable energy
    sources, such solar or wind power, can be used to
    make hydrogen, which results in "green hydrogen,"
    or hydrogen that emits no greenhouse gases.
    Transportation, energy production, and
    manufacturing are just a few of the industries
    where green hydrogen can take the place of fossil
    fuels. Lowering emissions and halting climate
    change would be greatly impacted by this.

2
  • Versatility and Sector Integration Hydrogen
    exhibits exceptional adaptability in a wide range
    of sectors. It is helpful in fuel cells to
    generate power for portable, stationary, and
    transit needs. In industrial operations, hydrogen
    can serve as a suitable alternative to fossil
    fuels as a feedstock and heat source. Hydrogen
    has the ability to store energy and preserve
    system equilibrium, which can aid in the
    generation of electricity.
  • Decarbonization Potential For hydrogen's future,
    decarbonization is quite promising. Air pollution
    and greenhouse gas emissions could be greatly
    decreased when hydrogen takes the place of fossil
    fuels in a variety of applications. Achieving
    ambitious climate targets is facilitated and the
    shift to a low-carbon economy is streamlined.
  • Technological Advancements and Cost Reduction
    Costs are decreasing as hydrogen technologies,
    such as electrolysis and fuel cells, continue to
    progress and reach economies of scale. It is
    anticipated that the price of producing, storing,
    and using hydrogen will drop even further as
    these technologies progress and become more
    economically viable. Later on, using hydrogen as
    an energy carrier on a broad scale will be made
    easier by this cost reduction as well as
    incentives like investments and laws.

3
  • Hydrogen Value Chain
  • "Hydrogen Value Chain" describes the processes
    that go into producing, distributing, and using
    hydrogen as fuel. Particularly for industries
    like manufacturing, transportation, and power
    generation, hydrogen has drawn a lot of attention
    as a potential clean and sustainable energy
    source.
  • The hydrogen value chain often consists of the
    following steps
  • Hydrogen Production
  • Natural Gas Reforming (Steam Methane Reforming,
    SMR) This technique uses natural gas to
    chemically generate carbon dioxide and hydrogen.
  • Electrolysis Electrolysis is used to separate
    the oxygen and hydrogen molecules in water. Green
    hydrogen can be produced by it using sustainable
    energy sources.
  • Biomass Gasification Biomass can be converted
    into hydrogen via a procedure known as
    gasification.
  • Thermochemical Water Splitting Gasification is a
    technique that can turn biomass into hydrogen.
  • Hydrogen Purification and Compression For a
    variety of uses, hydrogen frequently needs to be
    compressed and filtered after it is created in
    order to meet quality and pressure requirements.

4
  • Hydrogen Storage Whether it is gaseous, liquid,
    or solid, hydrogen is usually kept so it is ready
    for use when needed. Chemical hydrides, cryogenic
    storage, and high-pressure containers are
    examples of common storage techniques.
  • Hydrogen Transportation Transporting hydrogen
    from the sites of production to the final
    consumers may be crucial. Cars, ships, or
    pipelines can accomplish this, depending on the
    required amount and distance.
  • Hydrogen Distribution Infrastructure for
    distribution is needed in order to provide
    hydrogen to final consumers. This can entail
    building pipes for industrial clients or a
    network of hydrogen filling stations for cars.
  • Hydrogen Utilization Hydrogen has a wide range
    of applications, including
  • Transportation Trucks, buses, and trains that
    run on hydrogen as well as fuel cell vehicles
    (FCVs).
  • Industry The creation of metals, chemicals, and
    refining are just a few of the industrial
    operations that require hydrogen.
  • Power Generation Using hydrogen, fuel cells can
    produce electricity and serve as a backup power
    source in addition to a fixed power plant.
  • Residential and Commercial Heating Both
    residential and commercial buildings can benefit
    from using hydrogen as a fuel for cooking and
    heating

5
  • Emissions Reduction Hydrogen has the main
    benefit of being able to lower greenhouse gas
    emissions this is particularly true when
    hydrogen is produced with green hydrogen, or
    hydrogen that comes from renewable energy
    sources. In order to mitigate the effects of
    climate change, fossil fuels are being replaced
    in various uses.
  • Hydrogen Recycling and Reuse Hydrogen is a
    sustainable energy source when it is recycled and
    reused, according to the circular hydrogen
    economy concept. Value chain losses can be
    reduced through recycling and hydrogen
    collection.
  • Research and Development To make hydrogen
    generation, storage, and use systems more
    affordable, safe, and efficient, further research
    and development is needed.
  • The growth of the hydrogen value chain is a
    result of continued research, regulations, and
    funding intended to increase the long-term use of
    hydrogen for renewable energy. The choice of
    hydrogen production techniques and the overall
    structure of the value chain can be influenced by
    a wide range of factors, including local energy
    laws, environmental objectives, and resource
    availability.
  • Read More
  • https//www.marketsandmarkets.com/industry-practic
    e/hydrogen/Hydrogen_Page.asp
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