Nordic Hydrogen Market Overview and Outlooks for Future

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master_Kontto_Eemeli_2023.pdf (1.61 MB)

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Sähkötekniikan korkeakoulu | Master's thesis
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Date

2023-10-09

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Major/Subject

Sustainable Energy Systems and Markets

Mcode

ELEC3048

Degree programme

Master's Programme in Advanced Energy Solutions

Language

en

Pages

76

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Abstract

All over Europe, fossil-free hydrogen is set to play a significant role in reducing greenhouse emissions in several sectors, thus enabling the European Union's carbon neutrality plans. Hydrogen is one of the most energy intensive and one of the most common elements in the universe. On Earth however, hydrogen rarely occurs alone. On Earth hydrogen is usually found in a compound like in various hydrocarbon molecules. That's why for humanity’s needs, hydrogen is produced artificially in industrial processes. Emission-free hydrogen can be produced using renewable energy production methods, such as wind and solar power, by directing the produced electricity into an electrolyser, where oxygen and hydrogen are released from the water. Today however, 99% of the produced hydrogen is made with fossil fuels, without any separate compensations for carbon dioxide emissions. To unlock the full potential of greenhouse gas emission-free hydrogen, people working in expert roles must have a good understanding of the hydrogen market and its development trends. The purpose of this thesis is to provide thorough knowledge about hydrogen production technologies, usage-applications, and opportunities and limitations related to them. The purpose was also to offer future perspectives on different possibilities for hydrogen value chains and end-use application, as well as the overall impact of hydrogen to different economic regions. The work uses the latest available literature and published material that was available at the time of writing. The work can be thought of as two separate parts: a technological overview of hydrogen value chains and a market over-view of hydrogen value chains. In the first part, the technologies surrounding hydrogen are systematically reviewed covering the entire hydrogen value chain, from production to end users. In the second part, we get to know the markets surrounding hydrogen value chains in more detail, as well as the economic importance of hydrogen in general. As a whole, the work offers its readers the latest information on hydrogen-related technologies and markets and makes navigating and understanding of emerging hydrogen markets easier.

Description

Supervisor

Lehtonen, Matti

Thesis advisor

Jääskeläinen, Matti

Keywords

hydrogen, electrolysis, energy policy, renewable energy

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https://urn.fi/URN:NBN:fi:aalto-202310156389

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[dipl] Sähkötekniikan korkeakoulu / ELEC