Enhancing Low-Carbon Hydrogen Assets Through Digital Solutions for Cost Efficiency
Key Ideas
- Low-carbon hydrogen economy is growing rapidly with projected high demand by 2030.
- Challenges such as high production costs hinder widespread deployment of low-carbon hydrogen projects.
- Digitalization, as highlighted by Siemens and Capgemini, offers solutions to reduce the levelized cost of hydrogen (LCOH) through various strategies.
- The collaboration aims to drive the hydrogen economy forward by supporting sustainable fuel development and decarbonization.
The low-carbon hydrogen economy is witnessing significant growth, projected to reach high demand levels by 2030. Despite the progress, challenges like high production costs compared to traditional hydrogen production methods impede the full-scale deployment of low-carbon hydrogen projects. Siemens and Capgemini have identified digital solutions as a key strategy to address these challenges and reduce the levelized cost of hydrogen (LCOH). Their approach includes enhancing design and construction efficiency, streamlining operations, ensuring regulatory compliance, and optimizing asset portfolio management. By leveraging digital tools, project developers and asset managers can make informed investment decisions and improve project economics. The collaboration aims to advance the hydrogen economy, promote sustainable fuel development, and facilitate decarbonization efforts across sectors. The joint white paper provides detailed insights into leveraging digital levers to enhance low-carbon hydrogen production efficiency, particularly focusing on electrolysis.
Topics
Projects
Sustainability
Energy Transition
Asset Management
Carbon Footprint
Digitalization
Clean Tech
Investment Decisions
White Paper
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