Hydrogen Storage and Applications
Hydrogen storage is a critical enabler for the development of hydrogen and fuel cell technologies that can provide energy for a variety of applications, including stationary power, portable power, and transportation.
Hydrogen has distinct advantages over other storage systems technologies because it can be economically stored in large quantities for long periods with minimal energy loss. Furthermore, changing from geological dependence to technologically driven energy - locally produced hydrogen, and storage reduces dependence on imported fossil fuels.
In addition, hydrogen can be used to store energy generated by intermittent renewable power sources (such as wind and solar) during periods of high availability and low demand, maximising the use and advantages of major capital expenditures in these facilities. Hydrogen can store renewable energy 24 hours a day, seven days a week, avoiding "use it or lose it" problems.
Hydrogen storage equipment is segmented by physical hydrogen storage and materials-based storage. Physical hydrogen storage consists of hydrogen fuel cylinders, including composite and steel cylinders used to hold hydrogen gas for automobiles, buses, and light-duty trucks and storage tanks and trailers for liquefied hydrogen.
Materials-based storage includes storing small amounts of hydrogen (up to a few MWh) in solid metal hydrides, chemical hydrogen storage, and sorbent storage materials.
Huge volumes of hydrogen can be stored in deep salt caverns of up to 500,000 cubic metres at 2,900 pressure, equating to around 100 GWh of electricity. The scope of the report does not consider Underground hydrogen storage.
Global Hydrogen projects across the value chain will help raise the market demand for hydrogen Strogen equipment. There are 228 hydrogen projects globally, with Europe leading globally in the number of announced hydrogen projects, with Australia, Japan, Korea, China, and the USA following as additional hubs.
53 Transportation projects involving trains, ships, trucks, cars, and other mobility applications boost the onboard hydrogen storage systems—the majority of the projects being in Europe, China, South Korea, and Japan.
45 Integrated hydrogen economy projects with cross-industry and different types of end-users increase hydrogen distribution-the majority of the projects are in Europe and Australia.
23 Infrastructure projects include distribution, transmission, conversion, and hydrogen storage.
Recent Trends & Developments:
- 28 Transportation projects involving trains, ships, trucks, cars, and other mobility applications boost the onboard hydrogen storage systems.
- 4 Infrastructure projects include distribution, transmission, conversion, and hydrogen storage.
- 3 Integrated hydrogen economy projects with cross-industry and different types of end-users increasing hydrogen distribution.
- In March 2020, Beijing Jingneng Power Co., Ltd. announced a USD 3.3 billion project to develop a 5GW complex that will combine renewable energy generation with hydrogen production and storage.
Blackridge Research's Global Hydrogen Storage Equipment Market report provides insights into the current global and regional Global market demand scenario and its outlook.
This study offers a detailed analysis of various factors instrumental in affecting the Global Hydrogen Storage Equipment market's growth. The study also comprehensively analyses the market based on technology (Physical Hydrogen storage and Materials-Based storage) and geography (North America, Europe, Asia-Pacific, and the Rest of the world).
This report also includes the latest market trends, drivers and restraints, present and future opportunities, new projects, the global impact of Covid-19 on the Global Hydrogen Storage Equipment market, and significant developments.
Further, the report will also provide Global Hydrogen Storage Equipment market size, demand forecast, and key competitors in the market.
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
4. Industry Analysis
5. Market Segmentation & Forecast
6. Regional Market Analysis
7. Key Company Profiles
8. Competitive Landscape
9. Conclusions and Recommendations
List of Tables & Figures
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