Power-to-Gas for Renewables Integration

Power-to-gas (P2G)—the conversion of electrical power into gaseous energy carriers—has been held back from mass adoption by high costs, regulatory hurdles, and difficulties with infrastructure. Yet, as the levelized cost of renewable energy falls and electrolyzer technologies improve and decline in price, P2G business models are taking shape. Regulatory changes that allow cheap renewables to be more readily converted to gas are key to this transition and are gradually improving as part of the larger market transformations affecting the energy industry.

P2G offers many of the same renewables integration services as other energy storage technologies. It also offers the ability to store energy seasonally and the flexibility of commodity fuels, including hydrogen and synthetic natural gas. Successful business models will fully monetize the value to the grid of both P2G’s flexibility and gas fuel outputs. Growing demand from the transportation segment, which values hydrogen most highly, is viewed as a springboard that will encourage adoption, improve economies of scale, and drive further growth in other segments.

This Navigant Research report analyzes the global market for P2G technologies in the transportation, industrial, electric power, and heating segments. The study provides an analysis of significant market and technology developments and profiles key market players in electrolyzer technologies. A global market forecast for annual installed P2G capacity and cumulative hydrogen production extends through 2026. The report also examines diverse hydrogen use cases, as well as regional trends and policies related to P2G.

Key Questions Addressed:
  • What business models will drive the power-to-gas (P2G) market forward?
  • What is the impact of policy in the P2G market?
  • Which global regions and countries exhibit the best opportunities for P2G?
  • What is the competitive advantage of P2G in the transportation, industrial, electric power, and heating segments?
  • Which companies are the key global players in the P2G market?
Who needs this report?
  • PEM electrolyzer vendors
  • Alkaline electrolyzer vendors
  • Fuel cell vendors
  • Distributed energy resources equipment vendors
  • Renewables developers
  • Energy developers
  • Utilities and grid operators
  • Investor community

Table of Contents

1.   Executive Summary

2.   Market Dynamics

2.1   Defining the Value of Power-to-Gas

2.2   Diverse Hydrogen Use Cases Will Drive Power-to-Gas Forward

2.3   Regional Trends and Policies

2.3.1   North America

2.3.2   Europe

2.3.3   Asia Pacific

2.4   State of the Market: A Brief Analysis of 74 Operational Power-to-Gas Systems

2.5   Key Players

2.5.1   AREVA H2Gen

2.5.2   Giner

2.5.3   Hydrogenics

2.5.4   ITM Power

2.5.5   McPhy Energy

2.5.6   NEL Hydrogen and Proton OnSite

2.5.7   Siemens Silyzer

3.   Conclusions and Recommendations     

List of Charts and Figures

  • Annual Installed P2G Capacity and Cumulative Hydrogen Production by Region, World Markets: 2017-2026
  • Power-to-Gas Overview
  • Hydrogen Cost Comparison with Other Energy Carriers, World Markets: 2017, 2025, and Beyond

List of Tables

  • Overview of P2G Applications for Renewables Integration
  • Current and Future Hydrogen End-Use Segments

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