Empowering Low-Carbon Hydrogen Growth Through Digital Innovation
Key Ideas
- The low-carbon hydrogen economy is expanding rapidly, with demand expected to surge by 2030.
- Challenges, like high production costs, hinder widespread deployment despite progress in projects.
- Digitalization, as highlighted by Siemens and Capgemini, offers solutions to reduce the cost of low-carbon hydrogen.
- Efforts focus on enhancing design, streamlining operations, ensuring compliance, and optimizing asset management for sustainable development.
The low-carbon hydrogen economy is poised for significant growth, with projected demand reaching 38 Mt by 2030. Despite this progress, challenges such as high production costs, mainly driven by expenses related to electrolysis, pose hurdles to the widespread adoption of low-carbon hydrogen. Siemens and Capgemini have collaborated to identify digital solutions that can lower the levelized cost of hydrogen (LCOH) and support project developers, operators, and asset managers in the low-carbon hydrogen ecosystem. The digital levers include enhancing design and construction efficiency through simulations and 3D CAD, optimizing operations with real-time data, ensuring carbon traceability for regulatory compliance, and effectively managing asset portfolios. These efforts, outlined in a joint white paper, aim to accelerate the growth of the hydrogen economy and promote sustainability across sectors. By leveraging digital innovation, the industry seeks to drive down costs and advance the production of low-carbon hydrogen, particularly focusing on electrolysis. This collaborative approach underscores the commitment to sustainable fuels and decarbonization, emphasizing the importance of digitalization in propelling the hydrogen market forward.
Topics
Projects
Innovation
Sustainability
Investment
Energy Transition
Decarbonization
Asset Management
Digitalization
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