#Power-To-Gas

[creative-news-alert]

Power-to-Gas Market Estimated to Witness High Growth Owing to Rising Concerns About Green Energy Storage

Power-to-gas systems use surplus renewable power like wind and solar to produce hydrogen or synthetic natural gas through electrolysis. The produced hydrogen can be stored and distributed through the existing gas network or used as a fuel directly. It provides a long-term solution for storing surplus renewable energy. Power-to-gas also helps decarbonize sectors like industry, transportation, and buildings. The global power-to-gas market is estimated to be valued at US$ 39.13 Bn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One driver that is leading to high growth of the power-to-gas market size is rising concerns about green energy storage. Renewable energy sources like solar and wind have intermittent generation which makes it challenging to balance electricity supply and demand. Power-to-gas provides a viable solution by enabling the storage of surplus renewable power in the form of hydrogen. This stored energy can later be used as a fuel or converted back to electricity as per demand. Power-to-gas helps maximize the utilization of renewable sources and support their higher adoption for a sustainable energy transition. The ability of power-to-gas to store excess renewable energy for long durations is a key factor driving increasing investments in this technology. SWOT Analysis Strength: Power-to-gas technology enables storage of surplus renewable energy production from wind and solar through conversion into hydrogen or methane. This provides an important energy storage solution and helps in better utilizing renewable sources. By converting electricity to hydrogen or methane, power-to-gas provides an efficient way to store energy over long periods of time in the existing gas infrastructure. Weakness: Power-to-gas plants require large investments and have high capital costs. Their efficiency is also relatively low as energy is lost during the conversion process from electricity to gas. Additionally, public acceptance of producing and storing hydrogen or methane is still limited due to safety concerns. Opportunity: Many countries are targeting increased adoption and share of renewable energy to meet climate goals. This presents an opportunity for greater utilization of power-to-gas technology to balance intermittent renewables production and ensure grid stability. Rising natural gas demand also provides an outlet to use hydrogen or methane derived from power-to-gas. Threats: Cheaper battery storage alternatives or development of more direct long-term electricity storage solutions could reduce the advantages of power-to-gas. Strict emission norms may also affect use of methane derived from power-to-gas if carbon capture is not viable. Dependence on government policy support for renewable energy and power-to-gas also poses regulatory threats. Key Takeaways The global power-to-gas market is expected to witness high growth over the forecast period supported by increasing renewable energy adoption worldwide. The market size is estimated to reach US$ 39.13 billion by 2024. Regional analysis: Europe currently dominates the power-to-gas market accounting for over 50% share due to favorable government policies and initiatives supporting renewable energy and power-to-gas in countries like Germany, France and Italy. Asia Pacific is expected to be the fastest growing market led by China due to major capacity additions in renewable energy. Key players: Key players operating in the power-to-gas market are Codexis Inc., Abzena, Ltd., Enantis s.r.o, GenScript Biotech Corp., Waters Corporation, PerkinElmer, Inc., Bruker Corporation, Agilent Technologies, Bio-Rad Laboratories Inc., and Thermo Fisher Scientific Inc., among others. These companies are focusing on technology advancements and strategic partnerships to strengthen their presence in the high growth power-to-gas market.Get more insights on this topic:https://www.newswirestats.com/power-to-gas-market-size-and-outlook/

[cmipooja]

Global Power-To-Gas Market Is Estimated To Witness High Growth Owing To Increasing Demand For Renewable Energy Solutions

The global Power-To-Gas market is estimated to be valued at US$ 30.27 billion in 2022 and is expected to exhibit a CAGR of 12.2% over the forecast period of 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Power-To-Gas is a technology that converts electrical energy into chemical energy by using surplus renewable electricity to produce hydrogen or synthetic natural gas. This helps in storing excess renewable energy and enables its usage during periods of high demand. The process involves electrolysis, where water is split into hydrogen and oxygen, with the hydrogen further converted into methane. Power-To-Gas technology provides an efficient solution for energy storage and grid balancing, and reduces greenhouse gas emissions. Market Key Trends: One key trend in the Power-To-Gas market is the increasing demand for renewable energy solutions. As countries worldwide focus on reducing carbon emissions and transitioning towards cleaner energy sources, the demand for renewable energy solutions such as Power-To-Gas is expected to surge. This trend is driven by various factors, including government initiatives and policies promoting the use of renewable energy, growing concerns about climate change, and the need for energy security. For example, countries like Germany and Denmark have been at the forefront of adopting Power-To-Gas technology to store excess renewable energy generated from wind and solar power. In Germany, Power-To-Gas systems are being used to convert surplus wind power into hydrogen, which can then be injected into the natural gas grid or used as fuel for transportation. Similarly, in Denmark, Power-To-Gas facilities are being utilized to produce synthetic natural gas from surplus wind power. PEST Analysis: - Political: Governments worldwide are implementing favorable policies and regulations to promote the adoption of renewable energy solutions. This includes providing subsidies, tax incentives, and feed-in tariffs for renewable energy projects. - Economic: The decreasing cost of renewable energy technologies, such as solar panels and wind turbines, is making Power-To-Gas solutions more economically viable. Additionally, the potential for revenue generation from the sale of hydrogen or synthetic natural gas is attracting investments in Power-To-Gas projects. - Social: Growing awareness about the need for sustainable energy solutions and the harmful effects of fossil fuels on the environment is driving the demand for renewable energy solutions like Power-To-Gas. - Technological: Advancements in electrolysis technology and hydrogen fuel cells are improving the efficiency and cost-effectiveness of Power-To-Gas systems. The development of renewable energy storage technologies, such as hydrogen storage and underground caverns for synthetic natural gas, is further driving the adoption of Power-To-Gas. Key Takeaways: - The Global Power-To-Gas Market Size is expected to witness high growth, exhibiting a CAGR of 12.2% over the forecast period. This growth is driven by increasing demand for renewable energy solutions and the need for efficient energy storage and grid balancing. - Regionally, Europe is expected to dominate the Power-To-Gas market, owing to supportive government policies, well-established renewable energy infrastructure, and high investments in Power-To-Gas projects. Asia Pacific is projected to be the fastest-growing region, driven by rapid industrialization, urbanization, and a shift towards renewable energy sources.

[welcometogrouchland]

[ID in ALT] I've made posts before about Talia/Dick co-parenting Damian moments (will never happen but let me dream) and this came to me in a vision. Took me ages to finish for some reason 😭 and then even longer to post

[happyheidi]

deer walks into a store and later brings her whole family for another visit 🛒

Horsetooth Store, Gas, and RV Park

(via)

[lazycranberrydoodles]

everybody go home. this is my magnum opus

[andy-clutterbuck]

Rick's leather sling | requested by EVERYONE

[gazkamurocho]

If Kiryu and Majima met earlier in Yakuza 0

[reasonsforhope]

"Big batteries are muscling gas out of California’s electricity mix, according to data collated by Stanford University Professor Mark Z. Jacobson.

In the 100 days to June 14, California saw a 45% reduction in gas-fired power output, relative to the same period a year before.

The decline was mostly thanks to a surge in battery installations in recent months. The state now has 10.4 gigawatts (GW) of battery storage capacity — a technology it says is key to achieving a 100% clean electricity system by 2045.

Batteries are used to store energy from renewable sources like solar during the day so that it can be deployed in the evening, when solar generation tapers off and demand for power surges. These facilities are increasingly challenging the role of gas plants in meeting peak demand.

On the evening of June 10, for example, big batteries injected a record 7.7GW of instantaneous power into California’s grid. They accounted for a quarter of total electricity supply at that point.

And according to data from GridStatus, gas generation on an average April day in California hit a seven-year low, reversing an earlier trend that had been fuelled by rising electricity demand.

On 89 of the 100 days to June 14, there were periods where renewables generated more than enough electricity to cover all of California’s needs. This excess energy creates a strong business case for batteries, which can charge up when prices are low and discharge when prices are high.

Compared to a year before, utility-scale solar output was up 32% over the 100-day period, wind generation grew 10%, and battery output doubled, Jacobson says. Meanwhile, demand for electricity from the grid was down 3% due to new rooftop solar installations."

-via The Progress Playbook, June 20, 2024

[majimasleftasscheek]

majima as a zinogre from monster hunter 👀 do you see my vision

[mossy-paws]

Subspace doodles (PHIGHTING! Mermaid au)

so I was thinking more about the PHIGHTING mermaid au I’m doing and. What if subspaces’ gas- instead of being like actual gas, was polluted oil? I think that could make for a really cool trope if I ever were to redesign him for it :3!

For the design notes in specific:

When out of control, his “gas” takes the form of polluted oil, in control (as in wearing his mask and tank) it gets filtered into something akin to toxic brine (in which long exposure to can cause a lot of issues, specifically different types of shock, breathing issues, etc). Although the brine isn’t too dangerous to be around in small amounts, it can be harmful over time.

for those wondering what ACTUAL brine water (or more specifically brine pools) are, it’s pretty much a large accumulation of highly concentrated saltwater (which usually is around 10 times saltier then the ocean surrounding it) For most sea animals this brine means instant death due to the fact that is has no oxygen in it as well as the high saline levels.

(Im hyper fixating again can you tell)

[miamiero]

morning shave 🗡 | 🪒

commissions for @Cora__Regina on twitter

[silverkit]

the girls 2

i did the dark riders too, why not. erissa is not here because my brain stopped at nihili during the emo justin quests

i went a bit more free handed this time, some choices are only for fun. as always, unneeded design explanation in the tags

part 1

[bird-inacage]

When he's the tastiest item on the menu.

The goddamn heart eyes. 😍😍😍 THEIR HEART EYES.

[gazkamurocho]

Kiryu’s velvet voice makes Majima feel things he didn’t know he could feel

[reasonsforhope]

"The prospects of the world staying within the 1.5C limit on global heating have brightened owing to the “staggering” growth of renewable energy and green investment in the past two years, the chief of the world’s energy watchdog has said.

Fatih Birol, the executive director of the International Energy Agency, and the world’s foremost energy economist, said much more needed to be done but that the rapid uptake of solar power and electric vehicles were encouraging.

“Despite the scale of the challenges, I feel more optimistic than I felt two years ago,” he said in an interview. “Solar photovoltaic installations and electric vehicle sales are perfectly in line with what we said they should be, to be on track to reach net zero by 2050, and thus stay within 1.5C. Clean energy investments in the last two years have seen a staggering 40% increase.” ...

The IEA, in a report entitled Net Zero Roadmap, published on Tuesday morning, also called on developed countries with 2050 net zero targets, including the UK, to bring them forward by several years.

The report found “almost all countries must move forward their targeted net zero dates”, which for most developed countries are 2050. Some developed countries have earlier dates, such as Germany with 2045 and Austria and Iceland with 2040 and for many developing countries they are much later, 2060 in the case of China and 2070 for India.

Cop28, the UN climate summit to be held in Dubai this November and December, offered a key opportunity for countries to set out tougher emissions-cutting plans, Birol said.

He wants to see Cop28 agree a tripling of renewable energy by 2030, and a 75% cut in methane from the energy sector by the same date. The latter could be achieved at little cost, because high gas prices mean that plugging leaks from oil and gas wells can be profitable...

He also called for Cop28 to agree a doubling of energy efficiency. “To reduce fossil fuel emissions, we need to reduce demand for fossil fuels. This is a golden condition, if we are to reach our climate goals,” he said.

Birol stopped short of endorsing the call that some countries have made for a full phase-out of fossil fuels by 2050 to be agreed at Cop28, but he said all countries must work on reducing their fossil fuel use."

-via The Guardian, September 26, 2023