Green Hydrogen Market and Technology Insight : Utilizing Existing Data to Develop Strategic Approach for LV Product Manufacturers

Abstract

Green hydrogen has appeared as a promising alternative to fossil fuels in the decarbonization process because of the pursuit of sustainable energy solutions. This master’s thesis focuses on its application in carbon-neutral power generation using fuel cells. Where green hydrogen is positioned as an answer to the challenge of storing abundant renewable energy for extended periods. The primary objective is to investigate the green hydrogen market, focusing on electrolyser and fuel cell technologies. Further, investigate the factors influencing the efficiency of these components and explore academic case studies and real-world scenarios. The study aims to develop a strategic approach to understand market dynamics and technology requirements. This thesis was conducted for ABB Oy, Smart Power’s Solar, ESS, and H2 development application team. Comprehensive understanding arose with the exponential growth of the green hydrogen market intertwined with the advancement of renewable energy. This study extensively explores electrolyser and fuel cell technology and finds key challenges impacting the overall performance of the solution. Renewable energy cost is known as the significant factor driving the cost of the solution, study emphasizes the vital role of the efficiency of the system in controlling the cost. Furthermore, a market study is conducted in this work to identify the growth trends of the green hydrogen sector. The market study provides a brief navigator for LV product manufacture in this evolving landscape. The technological maturity is explored of electrolyser and fuel cell technologies efficiency in P2G-G2P solution. An extensive review of academic case studies and real-world scenarios scrutinizes the impact of efficiency on P2G-G2P. This found the critical gap between academic studies and industrial implementations. Therefore, a strategic approach was developed based on limitations in knowledge and insights from stakeholders. As the tool to collect valuable information, the questionnaire is presented with a specific focus on technology, efficiency, market status, and LV product specifications. This tool will serve to support product manufacturers to adapt to technical and market changes. To conclude, this master’s thesis contributes to the understanding of green hydrogen energy technology and guides LV product manufacturers in transitioning to sustainable future.