Posters
Come meet the poster presenters to ask them questions and discuss their work
We would like to invite you to come and see the posters at our upcoming conference. The posters will showcase a diverse range of research topics, and will give delegates an opportunity to engage with the authors and learn more about their work. Whether you are a seasoned researcher or simply curious about the latest developments in your field, we believe that the posters will offer something of interest to everyone. So please join us at the conference and take advantage of this opportunity to learn and engage with your peers in industry and the academic community.
On 9 April at 17:15, we’ll also hold the main poster session and distinguish the 7 best posters of this year’s edition with our traditional Poster Awards Ceremony. Join us at the poster area to cheer and meet the laureates, and enjoy some drinks with all poster presenters!
We look forward to seeing you there!
PO022: Is hydrogen a viable route-to-market for offshore wind projects, or an unbankable distraction?
Martha Samano, Manager, Energy & Resources, Baringa Partners
Abstract
Our abstract seeks to answer the question: Is hydrogen a viable route-to-market for offshore wind projects, or an unbankable distraction? Combining offshore wind and hydrogen has been cited as a solution for integrating higher volumes of intermittent renewable energy generation onto the grid, and providing high load-factor renewable supply to electrolysers. However, in recent years, the offshore wind industry has faced challenges with increasing capex costs, supply chain capacity constraints, and merchant business models (with less subsidy support for offshore projects in many markets). Meanwhile, the emerging green hydrogen sector has faced its own unique barriers including securing green power supply, hydrogen offtake, and enabling infrastructure. In order to understand the value of combining offshore wind and hydrogen, and the economic, commercial, and regulatory barriers preventing this, Baringa has: 1. Quantified the attractiveness of >60 power markets for investment in offshore wind. 2. Conducted a qualitative assessment of the barriers to hydrogen projects. 3. Modelled the economics of electrolyser projects to understand the benefits of different power supply configurations under different project archetypes. 4. Identified the required enablers for unlocking hydrogen as a viable route-to-market for offshore wind. Our work found that there is significant potential in unlocking hydrogen as a viable route-to-market for offshore wind projects; combining the technologies will accelerate the roll-out of both, and support broader system integration. However, we are yet to see hydrogen act as a viable route-to-market for offshore wind. Achieving this will require policy reform in both offshore wind and PtX support mechanisms to reduce 'cross chain' risks, and the deployment of enablers such as required infrastructure.
No recording available for this poster.
