In the drive to a decarbonised energy system, green hydrogen extends the reach of wind and solar into sectors that can’t be directly electrified.
The best pathway to achieving Net Zero will see renewables generating 90% of the electricity that we use globally by 2050 (International Energy Agency’s Net Zero by 2050 report). Yet fossil fuels currently account for 80% of energy consumption, powering everything from airliners to zucchini yields.
Our solution to removing CO2 from these hard-to-abate sectors begins with H2O. Using wind and solar generated electricity, we will be turning water into an alternative energy vector: Green Hydrogen.
*International Energy Agency’s Net Zero by 2050 report
Power to eliminate 10% of carbon emissions
Our ability to convert renewable electricity into other forms of clean energy is about to open up a wide range of ‘Power to X’ end-use possibilities.
Green Hydrogen will be a low-cost zero carbon fuel and feedstock across a number of industrial processes including the production of steel, fertiliser, refined oil and petrochemicals, which account for more than 10% of all CO2 emissions. Furthermore, energy dense derivatives like Green Ammonia are now fuels of the near future for shipping and aviation.
Made with renewable energy
We know of two good outcomes from mixing water and electricity (especially clean electricity). Firstly, in the ocean desalination process, it creates pure H2O from seawater; and secondly, through electrolysis, it produces hydrogen.
The wind or solar PV plants that generate this electricity can then power green hydrogen’s conversion into liquid ammonia, which is pumped to storage or to port for export.
Even using the most conservative market forecast, 1,500 GW of new renewable energy – twice the world’s current installed solar PV capacity – will be required to meet global demand for green hydrogen in 2050. That’s where we can help.
Our ‘Power to X’ vision
Our diversified approach
By optimising across the Power to X value chain, we can deliver the right green hydrogen solution tailored for a range of industrial use cases.
Our development experience
With electricity accounting for 65-90% of production costs, our wind and solar know-how ensures optimally priced green hydrogen
Our global partnerships
Leveraging hydrogen plant expertise within Aker Horizons for safe, cost-effective and rapid deployment
Our green economy vision
Our wind and solar pipelines are poised to give countries first-mover advantage as global leaders in hydrogen and ammonia.