Efficient Hydrogen Supply Chain for Regional Marine Transport: Provaris Study
Key Ideas
- Compressed hydrogen supply chain study by Provaris Energy reaffirms low energy use and capital costs for regional marine transport.
- Key outcomes include significantly low energy requirements for compression, superior capital efficiency, and increased hydrogen delivery volumes.
- Compression method shows up to 20% lower delivered price compared to alternative ammonia conversion for marine transport, boosting financial returns.
- Provaris highlights the benefits of compression over ammonia in terms of volume, cost, and financial returns, supported by European funding for hydrogen projects.
Provaris Energy, based in Australia, has completed a concept design study on its compressed hydrogen supply chain for regional marine transport, emphasizing the low energy use and capital costs involved. The study, conducted for a 540 MW capacity export site within Europe, showcased the efficiency of compression for hydrogen storage and loading. Key outcomes revealed that compression required minimal energy for both storage and loading, with significantly lower energy use compared to ammonia synthesis. The study highlighted that compression facilities accounted for a small portion of the total capex, resulting in greater hydrogen volumes delivered to customers. Provaris noted that compression offers a 20% lower delivered price compared to ammonia conversion, enhancing financial returns for producers.
Garry Triglavcanin, Provaris' Product Development Director, expressed confidence in compression for marine hydrogen transportation, citing enhanced energy efficiency and cost benefits. The study's findings suggest that compression is a competitive and efficient method for delivering hydrogen, especially in the context of renewable energy integration.
Provaris' previous report on hydrogen marine transport also supported compression as a viable and cost-effective option. The company's focus on compression over alternatives like liquefaction and ammonia conversion aligns with the growing interest in green energy solutions. The study's outcomes, along with recent funding allocations for hydrogen projects in Europe, reinforce the competitiveness and sustainability of compression in the hydrogen supply chain sector.
Topics
Europe
Production
Renewable Energy
Green Energy
Research
Supply Chain
Marine Industry
Cost-effective
Energy-efficient
Latest News