H2Tech - Q4 2021 - 14

EXECUTIVE VIEWPOINT
variabilities of wind and solar.
* Improving the efficiency, and
therefore the economics, of
reforming processes combined with
carbon capture. Technology must
be able to capture and remove a
higher percent of CO2
produced,
and with better energy efficiency.
Predictive rigorous models and
optimization technology are the key
digital elements that will accelerate
progress and blue H2
results.
* Advancing the safe handling and
transport of H2
. Simpler and
safer approaches to cryogenic
H2
and streamlining the use of
ammonia as a carrier still require
considerable engineering effort and
innovation, as well as new process
ideas. To achieve the speed and
scale of progress in scaling up the
proliferation of the H2
economy,
hybrid models combining AI with
engineering domain expertise can
be the crucial digital enablers.
* Driving the economics up, and
driving down the size of fuel cells,
will expand the economically
advantageous use cases for H2
.
Bringing advanced data analytics
and hybrid models online will
allow manufacturers to learn from
generations of fuel cell design and
accelerate economic progress.
H2 economy and energy transition.
The energy transition, coupled with a
global drive for sustainability in the energy
and chemical industries, is already
impacting the economy and all players
across the energy value chain. These geopolitical
forces will create winners and
losers across these industries over the
next 10 years.
Achieving energy transition leadership
with industrial-scale H2
production
and carbon-capture technologies will
require unmatched levels of innovation,
creativity, agility and execution. This is a
clear area where digital technology innovations
will complement and add value
to industry participants, individually and
collectively helping those that are the
most innovative and digitally native, win.
Areas where companies will win with
digital technology include:
* Time to market: Accelerating
innovation, optioneering, concept
selection and capital investment
decision-making by up to 50%
(or 6-12 months).
* Cost of production: Reducing
capital cost through visual
estimating, reducing operating
costs by saving energy and water
through optimized designs, and
incorporating new technology to
seamlessly and effectively integrate
the new into existing facilities.
* Uptime, safety and risk:
Employing AI and analytics
to reduce risk while improving
uptime, safety and reliability.
* Customer satisfaction:
Maximizing agility and resilience
in the supply chain.
At the World Economic Forum's Davos
Agenda in January 2021, Bill Gates
talked about the need to create a trusted
global carbon market, which will spur
the need to shift very large capital investments
into low-carbon areas.1
specifically about the H2
He talked
economy, carbon
capture and energy storage, as well
as " green premiums " and the need to
drive the economics of new technologies
through scaling and investment.2
The extent of the energy transition
complexity requires a balance of the many
objectives across a company's assets, as well
as a data-based and quantitative approach.
Digitalization and industrial AI will be crucial
tools in this balancing act (FIG. 1). At
the same Davos event in January 2021, Al
Gore stated, " The sustainability revolution
will be powered by digital technology. "
LITERATURE CITED
1
World Economic Forum's Davos Agenda,
Online: https://www.weforum.org/events/
the-davos-agenda-2021
2
Gates, B., " Bill Gates: Here's a formula that explains
where we need to invest in climate innovation, "
TIME, January 22, 2021, Online: https://www.
time.com/5930098/bill-gates-climate-change/
FIG. 1. Sustainability use cases mapped to technology solutions.
14 Q4 2021 | H2-Tech.com
https://www.weforum.org/events/the-davos-agenda-2021 https://www.weforum.org/events/the-davos-agenda-2021 http://www.time.com/5930098/bill-gates-climate-change/ http://www.time.com/5930098/bill-gates-climate-change/ http://www.H2-Tech.com
H2Tech - Q4 2021

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