More compact and versatile fuel cells, improved storage technologies, new combustion engines, and revolutionary airframe designs will all help to spur PtX usage in shipping and aviation
BOULDER, Colo., Oct. 4, 2022 /PRNewswire/ — A new report from Guidehouse Insights focuses on the scaleup of hydrogen and power-to-X (PtX) fuel consumption across the shipping and aviation sectors through 2050. The report provides market analysis for green hydrogen, synthetic kerosene, green ammonia, and e-methanol across the shipping and aviation industries.
Hydrogen shows considerable promise as a zero-carbon energy carrier for hard-to-abate transportation segments. Decarbonizing the shipping and aviation industries requires climate neutral fuels that can enable long journeys without the need for frequent refueling. According to a new report from Guidehouse Insights, technological improvements are expected to play a critical role in the uptake of PtX fuels.
“Alternative fuels must be capable of scaling up to replace a meaningful share of the millions of tons of hydrocarbons used to power vessels and aircraft today,” says Jacques Moss, research analyst with Guidehouse Insights. “This requirement has created a significant market opportunity for green hydrogen, both as a fuel and as a feedstock for other PtX products such as green ammonia, e-methanol, and synthetic kerosene.”
More compact and versatile fuel cells, improved storage technologies, new combustion engines, and revolutionary airframe designs will all help to spur PtX usage, alongside improvements to upstream hydrogen production and distribution technologies. Policy developments will also be critical—especially blending mandates, carbon pricing schemes, and financial support mechanisms for fuel production projects, according to the report.
The report, Hydrogen and Power-to-X Fuels in Shipping and Aviation, focuses on the scale-up of hydrogen and PtX fuel consumption across the shipping and aviation sectors through 2050. The report provides an overview of ongoing hydrogen related developments and assesses the levels of consumption required to achieve emissions reduction targets in each major application. A central outlook is provided in three-year increments segmented by transportation category and sub-category and separated out by fuel type. The outlook is supported by an analysis of technical, economic, and policy-related drivers and barriers to PtX adoption across transportation end-uses. An executive summary of the report is available for free download on the Guidehouse Insights website.
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 15,000 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Hydrogen and Power-to-X Fuels in Shipping and Aviation, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
View original content to download multimedia:https://www.prnewswire.com/news-releases/guidehouse-insights-expects-technological-improvements-to-play-critical-role-in-uptake-of-power-to-x-fuels-through-2050-301638638.html
SOURCE Guidehouse Insights