Welcome to the Future, Today
Welcome to the Future, Today
Power-to-X (or Power2X or P2X) will grow into an enormous opportunity for the both renewable energy and industrial sectors alike.
For renewables, it means a new route-to-market & better utilisation of existing infrastructure (i.e., electrical grids). Put simply, in P2X, one converts electrons into another product of value that is monetised via a non-grid delivery mechanism (i.e., the cloud or traditional infrastructure like vessels, pipelines, etc). Benefits include higher renewable energy penetration (which, these days, is considered a good thing due to (i) better economics and (ii) cleaner electricity and, crucially, reducing the need to build more transmission lines.
For the industrial sector, it translates into cheaper inputs, meaning more economically valuable outputs. Take hydrogen, for example - cheaper renewable energy as an input will reduce the cost of producing green hydrogen.
P2X will be one of the largest growth sectors in renewable energy & the broader industrial sector for decades to come.
#GetOnBoard
#GameOn
I’m John Bottomley (LinkedIn), in the power sector since 1996 and the renewable energy sector since 2001 - primarily in the project development & investor space. I've originated & executed energy projects in all regions of the world and have recently co-founded & now serve as the chief development officer at v-ridium, a pan European renewables developer.
And, yes, we will be at the forefront of P2X
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