Barriers to implementation of hydrogen initiatives in the context of global energy sustainable development

Renewable energy is considered the one of the most promising solutions to meet sustainable development goals in terms of climate change mitigation. Today, we face the problem of further scaling up renewable energy infrastructure, which requires the creation of reliable energy storages, environmentally friendly carriers, like hydrogen, and competitive international markets. These issues provoke the involvement of resource-based countries in the energy transition, which is questionable in terms of economic efficiency, compared to conventional hydrocarbon resources. To shed a light on the possible efficiency of green hydrogen production in such countries, this study is aimed at: (1) comparing key Russian trends of green hydrogen development with global trends, (2) presenting strategic scenarios for the Russian energy sector development, (3) presenting a case study of Russian hydrogen energy project «Dyakov Ust-Srednekanskaya HPP» in Magadan region. We argue that without significant changes in strategic planning and without focus on sustainable solutions support, the further development of Russian power industry will be halted in a conservative scenario with the limited presence of innovative solutions in renewable energy industries. Our case study showed that despite the closeness to Japan hydrogen market, economic efficiency is on the edge of zero, with payback period around 17 years. The decrease in project capacity below 543.6 MW will immediately lead to a negative NPV. The key reason for that is the low average market price of hydrogen ($14/kg), which is only a bit higher than its production cost ($12.5/kg), while transportation requires about $0.96/kg more. Despite the discouraging results, it should be taken into account that such strategic projects are at the edge of energy development. We see them as an opportunity to lead transnational energy trade of green hydrogen, which could be competitive in the medium term, especially with state support.

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“…2. Creation of scalable technology of large-capacity hydrogen transportation with acceptable technical and economic indicators [25]. 3.…”

Section: Prerequisites For Green Hydrogen Developmentmentioning

confidence: 99%

Prospects and Obstacles for Green Hydrogen Production in Russia

et al. 2021

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“…The first aspect threatens the leading position of oil as an energy resource. For instance, fusion energy as well as other energy sources could successfully address long-term energy requirements and the issue of climate change [25,74].…”

Section: Global Trends and Challenges For The Strategic Development Of Oil And Gas Companiesmentioning

confidence: 99%

“…At the same time, experts claim that it is impossible to replace the majority of hydrocarbons with other energy sources in the near future [24]. Scholars also discuss the prospects of hydrogen initiatives in the context of the global sustainable energy agenda [25].…”

Section: Introductionmentioning

confidence: 99%

The Future of Energy and the Case of the Arctic Offshore: The Role of Strategic Management

Carayannis

Ilinova

Cherepovitsyn

2021

JMSE

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As risk and uncertainty factors have become more prominent in the already volatile energy market because of the COVID-19 pandemic, the development of Arctic hydrocarbon resources has become a debatable issue. At any rate, oil and gas companies need to improve their strategic management systems (along with the development of technologies) for the successful implementation of such complex projects. The purpose of this study was to propose the conceptual basis for transforming strategic management and planning systems of oil and gas companies so that they can successfully face global challenges when implementing offshore oil and gas projects in the Arctic as well as provide more sustainable energy sources. The article discusses the current situation with Arctic initiatives and the results of an analysis of price instability in the energy sector, along with an analysis of several megatrends affecting oil and gas companies. All this allows for presenting a conceptual vision of how a strategic management system should be transformed in order to become able to meet the requirements for implementing Arctic projects, with the emphasis being placed on sustainability, management requirements, and the key principles. The research is based on the fundamentals of strategic management and strategic planning and relies on methods such as desk study, content analysis, event analysis, comparative analysis, and factor analysis.

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“…However, these technologies face some challenges due to the volatility and unpredictability of solar and wind energy, high initial investment in generator construction, and possibilities of their nonlimited construction [30]. In the future, hydrogen may become an environmentally friendly fuel for cars, but now its widespread use is impossible due to many technical limitations [31,32]. Thus, fossil fuels will still form a crucial part in the fuel and energy balance of many countries which makes it important to use technologies that contribute to the decarbonization of the world economy.…”

Section: Introductionmentioning

confidence: 99%

CC(U)S Initiatives: Public Effects and “Combined Value” Performance

2021

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The changes in climate, which are associated with the emission of anthropogenic greenhouse gases, have been widely discussed by scientists and specialists during the last few decades. The promising way to reduce CO2 emission is to implement CC(U)S technologies (carbon capture, (utilization) and storage). However, CC(U)S initiatives are challenging that prevent their widespread adoption. The main purpose of the research is to prove that CC(U)S should be considered broader than a way to reduce emission, and such initiatives could lead to various public effects and create long-term “combined value” for the industry and wider society; all of these should be considered when making decisions on CC(U)S implementation. The results of the research are presented by highlighting bi-directional interaction between CC(U)S and society, including public acceptance and public effects; identifying the possible positive and negative impact of CC(U)S initiatives on the public; developing a system of indicators for assessing the public effects of CC(U)S; proposing the framework for a value at stake analysis (VAS) of CC(U)S initiatives in order to reveal and assess their “combined value”. The methodology of this study includes desk studies, decomposition technique, environment (E), health (H) and safety (S) (EHS) approach, classification techniques, and VAS analysis.

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Barriers to implementation of hydrogen initiatives in the context of global energy sustainable development

Cited by 84 publications

References 31 publications

Prospects and Obstacles for Green Hydrogen Production in Russia

Prospects and Obstacles for Green Hydrogen Production in Russia

The Future of Energy and the Case of the Arctic Offshore: The Role of Strategic Management

CC(U)S Initiatives: Public Effects and “Combined Value” Performance

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