EVNPECC4 takes the lead in Green Hydrogen - a vital solution and trend for the energy transition in the future
Hydrogen Economy - an inevitable trend
In the current context of global energy dynamics, primarily due to the impact of the Covid-19 pandemic, various fluctuations in the energy sector have become more evident. These include the fuel crisis in the UK, severe power shortages in China due to high coal prices, surging electricity prices in Europe caused by increasing natural gas prices and wind power generation shortfalls…
In Vietnam, renewable energy sources are experiencing rapid development, but they face challenges related to grid overload, resulting in power cuts during periods of surplus.
To align with the global energy flow, the hydrogen economy has emerged as an inevitable trend, playing a crucial role in the energy transition to achieve the goals of the Paris Agreement in limiting global temperature rise to below 1.5-2°C by the end of the 21st century. In which, Hydrogen will play a significant role in large-scale power generation and integration of renewable energy sources, transmission and distribution of energy between different regions and sectors, energy storage to enhance system stability, carbon reduction in the transportation sector, energy utilization in industries and civil applications, and providing clean fuel for industrial production processes.
Green Hydrogen - a Solution for Excess Renewable Energy
Hydrogen production has a long-standing history globally and particularly in Vietnam. In Vietnam, hydrogen is primarily generated from fossil fuel sources (Blue Hydrogen, Grey Hydrogen) for industrial applications like oil refining, fertilizer processing, and chemical production… However, these hydrogen production processes emit greenhouse gases, contributing to global warming.
Green Hydrogen is the perfect alternative solution to reduce greenhouse gas emissions, where hydrogen gas (H2) is produced through water electrolysis (H2O) using renewable energy sources.
In the current situation where renewable energy sources in Vietnam are curtailed due to grid overload, harnessing excess renewable energy for Green Hydrogen production is seen as a potential solution to optimize project efficiency and move towards a hydrogen economy in the future.
Furthermore, with abundant untapped offshore wind power potential and the existing infrastructure of the oil and gas industry, the development of Green Hydrogen from offshore wind power is considered a high-potential opportunity that aligns with the development direction of offshore wind energy in the draft of the National Power Development Plan (Master Plan VIII).
Green Hydro and Offshore Wind Integration
EVNPECC4 is leading the way in Green Hydrogen trend
Recognizing the importance of hydrogen energy, particularly Green Hydrogen, in the energy transition process, EVNPECC4 has conducted technology research and market exploration and sought partnerships with customers and partners to be at the forefront of this strong trend.
Recently, EVNPECC4 signed a memorandum of understanding with the Vietnam Petroleum Institute (VPI) and Vietpoint Corporation to collaborate on environmental projects, including the development of hydrogen production, under the "E-project" initiative.
Moreover, EVNPECC4 and VPI are currently implementing a contract with SK E&S Group (South Korea) to conduct feasibility studies for hydrogen production projects in Vietnam. In this collaboration, EVNPECC4 is responsible for the Green Hydrogen aspect, producing hydrogen from renewable energy power plants.
As a leading power engineering consulting company in Vietnam, EVNPECC4 has multiple advantages and confidence in researching and successfully implementing Green Hydrogen projects. This solid foundation paves the way for the future development of a hydrogen economy in Vietnam.
Reference:
- https://vneconomy.vn/chien-luoc-nang-luong-xanh-don-dau-nen-kinh-te-hydro.htm
- https://petrovietnam.petrotimes.vn/petrovietnam-voi-dinh-huong-san-xuat-va-cung-ung-voi-nguon-nang-luong-hydro-xanh-trong-tuong-lai-628461.html
- https://nld.com.vn/thoi-su-quoc-te/dang-sau-cuoc-khung-hoang-nhien-lieu-20210929204743456.htm
- https://kinhtevadubao.vn/gia-dien-tai-chau-au-len-muc-cao-nhat-trong-nhieu-nam-19272.html
- https://tuoitre.vn/trung-quoc-thieu-dien-doanh-nghiep-lao-dao-20211002135251105.htm