Green Hydrogen is expected to be the fuel of the future with a wide range of usages such as marine fuel, power generation, fuel cell electric vehicles, and city gas distribution.<\/p>\n
Using Renewable Resources, it is produced through an electrolysis process by splitting water into H2 and O2. Hydrogen thus produced results in no carbon emission and is referred to as Green Hydrogen. It is a key element in the Clean Energy Transition<\/p>\n
The acceleration of clean energy adoption has a high potential when using Green Hydrogen, specifically in industries difficult to electrify<\/p>\n
Uniquely qualified for transcontinental transport, it facilitates the transition for geographies with low Renewable Resources<\/p>\n
Japan, Korea, Europe, and the US are expected to emerge as large importers given the policy requirements to reduce pollution. Australia, Chile, Oman, KSA and the UAE are expected to emerge as exporters given their high Renewable Resources<\/p>\n
Despite the above progress, key challenges prevent the industry from scaling. One such key challenge is the limited availability of market Engineering Procurement and Construction (EPC) players<\/p>\n
Individual technologies such as Renewables, Water Desalination, and Electrolyzer are well established on a standalone basis<\/p>\n
The integration of these components needs to be proven. Leading players in the industry need to step forward to assume the integration risk in order for these projects to become viable<\/p>\n
Another key challenge is the risk involved in securing long-term fixed price offtake needed to mitigate volume and price risk<\/p>\n
Risk mitigation allows the Project Company to recover upfront capital expenditure through the sale of Green Hydrogen<\/p>\n
Project cash flow visibility attained by securing a long-term fixed price offtake enables the Project Company to mitigate any revenue risk, ensuring a bankable structure from a project financing viewpoint<\/p>\n
To make these projects a reality, Govt. incentives and policy support are required to help improve the overall economics<\/p>\n
Incentives may include project setup costs subsidies, tax breaks, and viability gap funding<\/p>\n
The US Inflation Reduction Act, which incentivizes Green Hydrogen globally, is a step in the right direction<\/p>\n
Synergy Consulting, Inc. is committed to Clean Energy Transition and honored to partner with our esteemed clients in meeting the Environmental Social and Governance Goals<\/p>\n
Synergy is excited to be engaged as the Financial Advisor on several Green Hydrogen projects<\/p>\n
Recent Synergy highlights are the significantly advanced Green Hydrogen projects in Oman (ACME Green Hydrogen project) as well as Round 1 and 2 of Oman Hydrom program, which allocates lands for Green Hydrogen projects, additionally, several projects in Egypt, Australia, Morocco<\/p>\n
Synergy has built a strong in-house Green Hydrogen project knowledge base for structuring bankable transactions.<\/p>","protected":false},"excerpt":{"rendered":"
Green Hydrogen is expected to be the fuel of the future with a wide range of usages such as marine fuel, power generation, fuel cell electric vehicles, and city gas distribution. Using Renewable Resources, it is produced through an electrolysis process by splitting water into H2 and O2. Hydrogen thus produced results in no carbon […]<\/p>\n","protected":false},"author":10,"featured_media":5388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-5390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-knowledge"],"acf":[],"yoast_head":"\n