Wave energy spurs green hydrogen production to decarbonise heavy industry.
“Wave energy could play a key role in decarbonizing the steel manufacturing industry, which is responsible for around 7% of global greenhouse emissions, according to a study from CorPower Ocean, Instituto Superior Técnico de Lisboa, and a global green steel manufacturer. The study found that wave energy would have a positive impact on the creation of green hydrogen, which is used to make green steel. Green hydrogen is currently the only solution to decarbonize hard-to-abate sectors, such as steel, cement, and the chemical industry, which cannot readily be electrified. The production of green hydrogen requires electrolysers to split water into oxygen and hydrogen using renewable energy.
The study focused on the running requirements of a 1GW electrolyser at a potential European green steel production facility, for 90% of the year. It concluded that combining complementary renewable energy sources, such as land-based wind and solar with ocean-based wave power, led to a more stable and consistent power source to create green hydrogen. Introducing wave energy could help to halve the requirement of installed capacity production and lower the cost of energy by 26%, the study found. The global hydrogen market is estimated to grow more than 9% per year through 2030, but more than 95% of current hydrogen production is fossil-fuel based.
You can read the full article through the following link on CorPowers webpage: https://corpowerocean.com/wave-energy-spurs-green-hydrogen-production-to-decarbonise-heavy-industry/ ”