This study examines the production, transport and supply costs of key Power-to-X products for the year 2030. A total of 39 globally distributed regions in developing and emerging countries were therefore analyzed in terms of their renewables and Power-to-X production and supply cost potential. Power-to-X refers to processes in which electricity is converted into storable energy carriers. “Power” refers to the use of green electricity obtained from renewable energy sources, and “X” stands for the form of the energy produced, e.g. gas or liquid, or its intended product, e.g. ammonia.
Some of the conclusions for optimal Power-to-X production:
- Low electricity generation costs for wind and solar, connected with high full load hours, have a significant impact on the utilization of electrolysis and thus on the entire power-to-X chain.
- Locations with favorable combined conditions for wind and PV power generation can in many cases be more advantageous than locations with extremely good conditions for only wind or PV alone.
- Low capital costs have a high overall impact on production and supply costs.
This study was prepared by the Fraunhofer Institute for Solar Energy Systems ISE on behalf of the H2Global Foundation.