Hydrogen 1o1

(source : talk @ hello tomorrow)

Speakers :

Enapter

Valtea Cowan, founder Enapter

since 2015

Bringing AEM Electrolysers to the World

Produces electrolyzer

Publicly listed

Ivan Pavlovic

Executive director - Energy transition. Natixis CIB.

Currently worldwide, 95 million T hydrogen are produced

it takes 10t of CO2 required to produce a ton of hydrogen

it is expensive

How to produce green hydrogen?

95% of the hydrogen produced today is “gray” = dirty. Cracking methan. Steam Methan Reformation: cheap way to produce hydrogen

9-12% other methods but still relying on fossil fuels. Ccus

Green hydrogen : Electrolyser + Clean electricity

IRA:. Big tax program to incentivize use of hydrogen. PTC. Simple and massive.

Delegated act. One step to label better “gray, blue, hydrogen, ect”.

What is hydrogen for? Main usages :

Replace gas and oil

Mobility (resolve charging time and battery weight). Need fuel cell vehicles.

eHydrogen in a light form, replace kerozen (fuel cell powered airplane)

What are the current needs for the green hydrogren market to take off?

Produce hydrogen

Transport

Store

Retrofit usage

Infrastructure required to a large extend.

Example : Water desalination. Electrolyse. Use Half water of a flush” to power house, heating. Prepare for transport

Example 2 : Plug electrolysers to renewal resources that face curtailment

What is the process to produce & transport hydrogen to final user?

Hydrogen> (cool down, compress) ammonia (cheapest way to transport), methanol (you need carbon stored locally…)

> transport

> retransform to hydrogen

> move to final usage

Also possible by pipe but difficult.

Efficiency and cost ?

Where is the demand expected to explode?

Big markets: US and China

Technologie leadership is in Europe

Europe plans :

10mT produced locally on 2030. (French approach)

10mT being imported overseas (so far zero) (German)

Policy needs to accelerate. Need green power (7 years to build a wind farm is ridiculous… hope this will accelerate)

FID

Demand certainty shall also exist. Otherwise hard to invest to upscale.

Need to massify local demand. Could spread across the entire economy but will take time.

Prioritizing mobility industry. Electrolyser becomes cheap with increased usage. Need to create hubs, maritim hubs, city hubs.

Industry: green steel, green chemical production… will probably take longer

Electrolyser. Expecting to explode in 2026.

Cost will be significantly dropping. Mostly driven by opex decrease.

Enapter strategy :

they focus on mass production, similar to what a “PC” is vs. a large size computer. A ‘”PC” version of electrolyzers. Easy to scale, produce.

Finished to produce the 2nd plant in Germany. As a blue print.

For many usages. Remote locations, ect.

Blue hydrogen. Depending on fossil fuel, and capturing carbon.

Will be seen transitional