Markets - 16/February/2023

Danish PtX dreams begin with offshore wind

By the end of this decade, Denmark aims to be a net exporter of green energy and fuels, helping Europe meet its net zero ambitions while curbing the reliance on energy imports. It rests on a massive expansion in both renewable energy generation and electrolysers as well as hydrogen infrastructure

Denmark’s Power-to-X industry is gaining momentum with numerous projects underway but regulatory advances elsewhere may mean this impetus is short-lived

FLEXIBLE TARIFFS Different ones can be established to support PtX plants that help balance the grid

PLAYING CATCH UP The United States’ recent legislation risks Europe’s first mover advantage

KEY QUOTE If Denmark is to realise building all of its planned offshore wind capacity then it will need PtX plants, since no offshore wind farm owner will want to rely 100% on merchant contracts. Signing PPAs with PtX plants will be a way to ensure a long-term demand for their electricity ...

 

Try FORESIGHT - 30 days for €29

Already a subscriber?

Login



Comments are closed.

Related articles

A different X factor

Using the electricity from renewables and converting it to another energy carrier is nothing new. While many in the energy industry focus on green hydrogen, other researchers are examining the possibility of storing that power as molten salt to help high-temperature processes to decarbonise

Read more

The role of storage in a renewable electricity grid

A fully renewable energy future is within reach and storage is definitely required, but it is a combination of measures that will truly make it possible, argues Johan Söderbom of EIT InnoEnergy

Read more

The North Sea region must lead the just transition of the oil and gas industry

Ahead of this autumn’s climate change conference, the UK, Norway and Denmark can demonstrate leadership on the energy transition by backing up their words with serious action, say Andrzej Błachowicz from Climate Strategies and Gökçe Mete of the Stockholm Environment Institute

Read more

More accurate energy certificates can drive green investment

Time-stamped certificates would allow customers to know where their power is coming from at any given time and could provide another signal for investors by driving up prices for green energy certificates when supply is short. Regulators are taking steps to ensure that consumers signing up for green tariffs are really helping to progress the energy transition

Read more

Cross-border cables hold a crucial role in the energy transition

An interconnected transmission grid in Europe would result in lower prices and greater levels of clean energy. But several nations are falling behind on export capacity leading to some member states looking beyond the Union’s borders

Read more

Denmark rolls the dice on CCS

For heavy emitters of carbon, capturing the particle before it hits the atmosphere offers a route to meeting climate change targets. The Danish government is hoping significant investment in the questionable technology will help its hard-to-abate sectors to fulfil ambitions

Read more

Heavy industry plans to tread lightly

The heavy industry sector has made significant progress in increasing energy efficiency in recent years and further gains are possible with greater electrification, digitalisation and changes in production processes. Meanwhile, material efficiency measures reducing demand for products like steel and cement offer major potential for energy savings for customers

Read more

Chemicals’ complex route to green

Electrification of the energy-intensive chemicals sector is not always possible so finding alternative low-carbon processes is climbing the industry's agenda

Read more

Shipping on a voyage to low-carbon fuel options

As with other hard-to-abate sectors, the shipping industry is facing many challenges to decarbonise sufficiently by 2050. Currently, the alternative fuel of choice for many is liquified natural gas (LNG) but the short-term gains negate the persistent long-term emissions. There are genuine low-carbon alternatives at hand if shipping can adjust its outlook

Read more