{"id":27520,"date":"2021-04-27T16:40:24","date_gmt":"2021-04-27T14:40:24","guid":{"rendered":"https:\/\/www.stocexpo.com\/?p=27520"},"modified":"2021-04-28T13:57:31","modified_gmt":"2021-04-28T11:57:31","slug":"solving-the-issue-of-variability","status":"publish","type":"post","link":"https:\/\/www.stocexpo.com\/en\/2021\/04\/27\/solving-the-issue-of-variability\/","title":{"rendered":"Solving the issue of variability"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27520\" class=\"elementor elementor-27520\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d73fcfa elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d73fcfa\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31a66287\" data-id=\"31a66287\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-11d5ab4b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11d5ab4b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5858ddde\" data-id=\"5858ddde\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ffa221b elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"7ffa221b\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Solving the issue of variability<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-464db08e elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"464db08e\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-7a16641 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>27\/04\/2021<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59f89fbb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"59f89fbb\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-163056b9 elementor-widget elementor-widget-text-editor\" data-id=\"163056b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"lead\"><div class=\"entry-content no-share\"><div class=\"content-inner \"><div class=\"story-block\"><div class=\"lead\"><div class=\"field field-name-field-teaser field-type-text-long field-label-hidden \"><p><strong>Tank Storage Magazine review<\/strong><\/p><p>Alexandru Floristean, Legal &amp; Project Manager at Hydrogen Europe\u2019s gave a presentation at this year\u2019s Terminal of Tomorrow online conference explaining why hydrogen is such a hot topic.<\/p><p>\u2018Achieving carbon neutrality in an efficient way will require energy storage,\u2019 he began. Floristean explained that renewable energy production and consumption is not stable \u2013 it fluctuates daily and also depending on the season. Hydrogen solves this issue of variability. It is ideally suited for long term storage due to its long charge duration and high discharge power.<\/p><p>\u2018Without hydrogen carbon neutrality is not possible,\u2019 he added. The use of hydrogen enables for the first time the realistic introduction of large scale renewable energy. Hydrogen finally gives renewable energy producers the options of selling it immediately for electricity or transforming it into hydrogen for storage.<\/p><p>By turning renewable energy into hydrogen, a renewable energy producer is able to access new markets which were previously inaccessible such as transportation, heating or heavy industry.<\/p><p>Plus, in the form of hydrogen renewable energy becomes easily transportable. It is approximately 10 \u2013 20x cheaper to transport renewable energy as hydrogen than to transport it as electricity. This helps to offset the conversion losses that are incurred in the production of hydrogen.<\/p><p>Progress so far<\/p><p>Floristean explained that hydrogen has very strong political support at the highest level.<\/p><p>The European commission has estimated that the share of hydrogen in Europe\u2019s energy mix will be approximately 14-15% by 2050 with some estimates putting it even higher.<\/p><p>Most of the world has either adopted or is working on a national hydrogen strategy. These are all different depending on the countries\u2019 unique advantages and needs. For example, Canada is investing in low carbon hydrogen based on natural gas and carbon capture and the EU is focusing on leveraging their strong renewable energy generation capacity. Japan is looking to import hydrogen to fuel its large transport sector.<\/p><p>In the EU six countries have published a national hydrogen strategy \u2013 Netherlands, Germany, France, Spain, Portugal and Norway and together they\u2019ve earmarked more than \u20ac40 billion for hydrogen development. 13 further countries are working on their national hydrogen strategies.<\/p><p>\u2018If we sum up the targets of production for just those 6 countries that have published strategies so far, there are 21.3GW of electrolyser capacity,\u2019 Floristean explained. This is more than half of the target prosed by the EU hydrogen capacity.<\/p><p>These plans are supported by the industry. Hydrogen Europe keeps a database of hydrogen development projects across Europe. \u2018Based on what we know so far there are more than 150 projects, amounting to more than 25GW capacity which will be built before 2030.\u2019<\/p><p>What role will terminals play?<\/p><p>Hydrogen Europe has done a thorough analysis of the cost competitiveness of all types of decarbonised fuel in the maritime sector. They found that the only fuels that made sense were hydrogen-based. Compressed hydrogen made sense for small ships with small ranges, liquid hydrogen for medium ships and ammonia for larger vessels. These fuels will require tanks and a logistics chain spanning the entire globe.<\/p><p>Port terminals have already been identified by the IEA as central elements in the future energy system because of their unique role to act as central hubs for the hydrogen economy.<\/p><p>Looking ahead, hydrogen will be a globally traded energy commodity, Floristean concluded. \u2018The storage terminal should be begin preparing and planning for this future.\u2019<\/p><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-563edf59\" data-id=\"563edf59\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div 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href=\"https:\/\/www.linkedin.com\/showcase\/stocexpo-&#038;-tank-storage\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Linkedin-in<\/span>\n\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-linkedin-in\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-instagram elementor-animation-push elementor-repeater-item-b98d648\" href=\"https:\/\/www.instagram.com\/stocexpo_tankstorage_events\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Instagram<\/span>\n\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-instagram\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Tank Storage Magazine review Alexandru Floristean, Legal &amp; Project Manager at Hydrogen Europe\u2019s gave a presentation at this year\u2019s Terminal of Tomorrow online conference explaining why hydrogen is such a hot topic. \u2018Achieving carbon neutrality in an efficient way will require energy storage,\u2019 he began. Floristean explained that renewable energy production and consumption is not [&hellip;]<\/p>\n","protected":false},"author":85,"featured_media":27521,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Solving the issue of variability | StocExpo ","_seopress_titles_desc":"Solving the issue of variability. 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