Energy Generation

Financing Decarbonization in Energy and Infrastructure

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Siemens Smart Infrastructure Grid Edge Summit

Siemens Smart Infrastructure offers many different solutions to achieving this change at the energy grid edge. Recently, to amplify this, they have been holding a conference over two days entitled “the grid edge summit“.

You can still register here as the event is available for some time to view and explore. It would help in understanding their solutions if you visited their different energy topic areas. Here Siemens offers you a significant range of choices, solutions and advice on Grid Edge topics to give you time to check out some of the #GridEdge tech & solutions.

These topics and solutions are organized under decarbonization and sustainability, distributed energy solutions, the integration of renewable energy resources, mobility charging, and the consulting and financing solutions available to utilize. The main conference event is a series of talks and panels exploring the topics above.

One panel I particularly enjoyed was “Financing Decarbonization.”

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Creating A Unique Nested Hydrogen Ecosystem for the Energy Transformation

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Ecosystems hold a certain fascination for me. The ecosystem approach can tackle and help resolve some of the more complex issues we face.

We increasingly use the word “ecosystem” to describe our environment that we operate with, but we are often diluting its true positioning.

Truly unique ecosystems are hard to find and certainly to manage. One I really feel reflects a collaborative model worth explaining is the ones that are forming around Hydrogen as the alternative energy vector based on renewables. To replace or become a significant part of any entrenched energy system requires a system design approach. This part of the energy transition fits within the ‘greater’ energy system design.

Let’s look at this with some context and then clarify that approaching Hydrogen needs a unique Ecosystem design. We are presently building a unique ‘nested’ Hydrogen Ecosystem within the Energy Transition. It is interesting to explore, firstly here and then in a follow-up post on one of its specific parts.

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Look around you the cross-industry or community ecosystem is exploding.

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Many of the changes that will emerge in the next twelve to twenty-four months will become more cross-industry and service ecosystems. The search is far more today looking for synergies.

Connecting into a Ecosystem is necessary to extract those collaborative synergies. It requires a host (platform provider), different apps, weblinks and consistent ways to integrate these so those using the airport or train station can navigate their way around their personal needs. It needs an ecosystem and platform management to bring this together.

We are increasingly expecting as consumers, uninterrupted connectivity, and virtual integration and that need for continued connectivity will spur new value propositions for technology and AI to take over and manage more of your daily, repetitive tasks.

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The building of a Hydrogen Ecosystem in Europe

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The global challenge of climate change is coming rapidly to the points where it is forcing governments, businesses and knowledge organisations all over the world to mobilise behind carbon-reducing innovations, e.g. large-scale renewable energy implementation and electrification.

When it comes to innovation and leading the energy transition, Europe is showing clear leadership and in one specific and important technology, a global leader in electrolysis technology required to produce green hydrogen. The challenge today is to convert that leading position into a sustaining best of class one, that leads the world in electrolyzer expertise, production and research.

Today, Europe has a promising start, but it has significant challenges to break down the silo’s of knowledge and expertise and seize this opportunity to learn how to collaborate and build a thriving, robust and collaborative ecosystem around the building of a world-leading position in the electrolyzer market space.

At this time though, despite a promising outlook for the use of the eölectrolyzer for hydrogen, water electrolysis technology is not sufficiently mature to fit that purpose. It still is at a limited scale and is not yet at the point of the expectations building up around it. An enormous challenge lies ahead in upscaling currently available technologies to GW-scale factories required to drive forward the energy transition.

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Are innovation spillovers about to accelerate the course of the energy transformation?

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Achieving clean energy technology innovations will be vital if we want to meet the goals of net-zero emissions in the next fifty years.

Innovation is central to the energy transition through new technology solutions.

Innovation can accelerate and achieve rapid reductions in emissions of greenhouse gases to anything near the net-zero goals set in the Paris Agreement of 2015 to hold the global average temperature to below 2oC of pre-industrial levels.

We need significant development and diffuse new technology solutions to displace existing energy assets to move towards a global economy based on clean energy.

As we look at any clean energy scenarios, it is highly reliant on moving concepts, through prototyping into a commercial demonstration. Presently many of the clean energy solutions rely on technologies that are present only in a prototype or early smaller demonstration-scale and will not come to a commercial scale without significant new R&D efforts.

There are also numerous concepts indicating promising technology solutions that have not been, as yet, commercially deployed in any mass-market way. Some scenarios looking out over the next thirty or more years are suggesting these critical technologies can make up to 75% of solving any cumulative CO2 emissions.

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