The economically viable use of green hydrogen becomes feasible due to the increasing penetration of wind and solar power in the years to come. DNV GL’s Energy Transition Outlook forecasts that solar PV, wind energy and hydropower will account for 80% of global electricity production in 2050. As this capacity increases, opportunities to utilize its low-cost electricity are becoming feasible to avoid curtailment: initially conversion into heat then (daily) battery storage and eventually conversion into green hydrogen. The prerequisite for hydrogen to become an economically viable energy carrier are two-fold: Firstly, the prospect of increasing times with low-cost electricity caused by an oversupply of available energy due to the sharp rise of renewable energy sources. Secondly, use cases for hydrogen applications are expected to be in support of low-carbon options. If those parameters are set, the production of hydrogen from electricity can compete with natural-gas based hydrogen production.
Marcel Eijgelaar has a broad experience in the energy sector and has worked in the strategy and innovation departments of both distribution grid operators as of power generation and retail companies. He’s been a member of several advisory and executive committees, among others for the Dutch national government and the Dutch top consortium ‘Knowledge and Innovation Smart Grids. Currently he’s working for DNV GL Strategic Research and Innovation in the field of data analytics and smart grids/smart markets.