OVERLAND PARK, Kan.–(BUSINESS WIRE)–Aug. March 2022–
Unprecedented amounts of renewable energy are being integrated into the grid, but with intermittency a major impediment to large-scale decarbonization, the world needs low-cost, long-term energy storage. Hydrogen 2022: The Road to Energy Storage – a new eBook from Black & Veatch – explores the pros and cons of current battery energy storage technologies and examines the role of hydrogen as an economically viable, technically scalable, long-term energy storage solution.
Available as a free download, Hydrogen 2022: The Road to Energy Storage explores the role of hydrogen energy storage, which can both complement batteries and serve as a reliable alternative to solve the disruption problem in a fast and economical way. Hydrogen exceeds the physical limitations of current mineral-based battery technologies to provide essentially unlimited storage and backup power. Hydrogen prices will become more competitive in the future, while ‘green’ hydrogen produced with renewable energy offers a carbon-free solution.
Black & Veatch experts are also examining traditional battery technologies — from lithium-ion batteries, which control more than 90 percent of global market share but are limited to eight hours of storage time — to medium-duration energy storage options like iron-air batteries and zinc -Ion batteries that promise to store energy for several days.
“Long-term energy storage is key that will help drive global decarbonization,” said Jason Rowell, director of new energy solutions at Black & Veatch. “With viable options such as iron and zinc batteries now scaling, stakeholders should look for flexible, complementary systems that can evolve as technology advances. With the potential to store unlimited hours of energy, hydrogen would enable a seasonal shift and help ensure the success of a zero-carbon global energy future.”
The eBook also outlines the next steps needed to advance hydrogen energy storage technologies. First, these projects need to be demonstrated and scaled to reduce costs. Second, true adoption requires regulatory changes and government incentives to accelerate the transition. Over the next five to seven years, the market should expect rapid increases in the viability, scalability, and availability of long-term storage solutions.
“We are in a period of research and development as the market tries to understand where hydrogen technology currently stands,” said Frank Jakob, director of advanced energy storage solutions at Black & Veatch. “With traditional battery energy storage and hydrogen energy storage on the table, we will soon arrive at a future where energy can be balanced and managed, enabling tomorrow’s net-zero future.”
About Black & Veatch
Black & Veatch is a 100% employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we’ve been helping our customers improve the lives of people around the world by caring about the resilience and reliability of our key infrastructure assets. Our 2021 revenues exceeded $3.3 billion. follow us on www.bv.com and on social media.
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SOURCE: Black & Veatch
Copyright Business Wire 2022.
RELEASE: 10/3/2022 9:00 AM / DISC: 10/3/2022 9:01 AM
Copyright Business Wire 2022.