How customer demand and value chain thinking drive industrial decarbonisation with Green Hydrogen and what role start-ups play in this transition
Europe is the world’s leading economic zone, putting the transition to net zero emissions at the core of its strategy. The plans do not only focus on direct climate goals, but also act as an economic and social growth engine.
Electrification and large-scale deployment of renewables play a major role but have limitations due to their intermittent nature. Enter green hydrogen. By converting renewable energy into green hydrogen we not only create (long term) storage, but also the possibility to decarbonise hard to electrify industrial processes and power green feedstock in chemical processes.
Find out in this webinar why Green Hydrogen will be essential in our energy transition and one of the pillars for climate neutrality in 2050.
What will the webinar cover
• Introduction on hydrogen
- Role in energy system, sector coupling, different types of hydrogen, main usages
• Why green hydrogen
- Climate neutrality by 2050, green deal, hard to abate industries
• European Green Hydrogen Acceleration Center
- Value chain approach including the off takers vs traditional transactional approach
• How does the value chain approach work in practice
- H2 green steel value chain case, Impact created
• Importance of innovation, advancement of technologies needed
- Showcase of various relevant start-ups
• Tracking Green Hydrogen, its sources, and consumptions. How to do it with GreenH2chain®. (Acciona case). Case presented by FlexiDAO,
- At FlexiDAO our vision is to make 24/7 carbon-free energy a reality for everyone. We help companies to achieve outstanding green energy results, providing them with cutting-edge software solutions and advisory.
• Conclusion & follow-up
- Opportunity to have a deep dive during The Business Booster event on 3&4 November in Berlin
- Business Review webinar participants get a discount!
European Green Hydrogen Acceleration Center (EGHAC)
The European Green Hydrogen Acceleration Center (EGHAC) develops and supports projects which pursue a value-chain approach and offer CO2 free end-products on the market, at an accepted premium price, in key high-emitting economic sectors (e.g. steel, shipping, food, Heavy Goods Vehicles). In the traditional approach, the multiplication of bilateral agreements along the value-chain, whereby each party needs to optimize its margin in each individual transaction, leads to uncertainties, additional risks, and suboptimal economic outcomes. There, the price of green hydrogen today is a show-stopper. A value-chain approach, on the contrary, is about companies partnering in one industrial venture. The profitability of this new venture becomes the main target and the competitiveness of the CO2-free end-product is the dominant factor.
A great example of this value chain thinking is EGHAC’s first flagship project H2 Green Steel. An industrial initiative in which EIT InnoEnergy amongst other strategic investors (a.o. Vargas, IMAS Foundation, BILSTEIN Group) create a new green steel producer from inception. The integrated business case, driven by demand from off-taker like Scania, includes cheap renewable power, use of green hydrogen to process the iron and innovative downstream steel manufacturing, altogether delivering competitive decarbonized steel at scale.
The successes of the value chain approach in Green Steel can be replicated in other value chains like for example food and shipping.
In addition to the focus of the EGHAC on large scale industrial projects, EIT InnoEnergy supports several start-ups working to advance the technology around hydrogen production and use. These parallel streams are necessary as the needed scale and efficiency of the technology is not yet sufficient. Start-ups play an important role in filling this technology gap. We support start-ups along the complete value chain, from new materials for more efficient electrolysers, novel ways of storing large quantities of hydrogen or even new applications for the use of hydrogen.
The Celcibus catalyst, for example, can lower the cost for the fuel cell stack by up to 30% with a more sustainable footprint. Danish start-up Hymeth is working on an alkaline electrolyser without precious metals, while French Sylfen produces a Smart Energy Hub, enabling energy autonomy and flexibility in houses by converting excess renewable energy into hydrogen for later use.
Bringing both worlds together at this year’s The Business Booster
At this year’s “The Business Booster” in Berlin we bring both the start-ups as well as the European Green Hydrogen Acceleration Center together. Join the parallel session to get inspired on how the value chain approach to decarbonisation could benefit your industry and meet our entrepreneurs who display will their new technologies. Over 40 renewable generation assets will be present as well as 15 start-ups from the hydrogen value chain.
Commercial Director EGHAC
Carina Krastel has recently joined EIT InnoEnergy, a European public-private partnership, as the Commercial Director of the European Green Hydrogen Acceleration Center (EGHAC), an initiative supported by Breakthrough Energy.
The EGHAC will focus on supporting and accelerating large scale industrial green hydrogen projects which with massive CO2 reduction impact in hard to abate industrial value chains like steel making, fertilizer production, synthetic fuel production, shipping etc.
Carina Krastel is a sustainable energy engineer with experience in engineering, business and innovation. Since 2009, she has worked in the construction and the industrial gas industry on sustainable energy, air quality and innovation topics. Prior to joining InnoEnergy, Carina has worked as the Director for New Offers for the Energy Transition for the Large Industry Business of Air Liquide, a French industrial gas company, focusing on offers for green hydrogen and carbon capture solutions.
"We can only decarbonize energy-intensive industries sustainably when taking a value chain approach. Discussions should focus on the premium of the end-product and not on the price of hydrogen." Carina Krastel
Energy Leader & CEO of Flexidao
Simone Accornero, Energy Leader & CEO of Flexidao, is an expert in energy entrepreneurship and blockchain. His expertise comes from being an energy management consultant at OpenDomo Services, where his knowledge developed in energy management, electricity wholesale markets, and developing blockchain applications for smart distribution systems. He’s also a Research Engineer at CITCEA and a graduate EIT InnoEnergy student of a double degree in MSc Energy for Smart Cities from KU Leuven (Belgium) and UPC (Spain).