Energetica India Magazine May-June 2021

RENEWABLE ENERGY The Importance and Future of Power-to-X (P2X) 58 energetica INDIA- May-June_2021 Power-to-X (P2X) is a process that creates carbon neutral and renewable fuels by capturing CO2 from the atmosphere and combining it with hydrogen extracted from water. By doing so, it is hoped that we can eliminate the need for fossil fuels in the future. While this process has the potential to be a game changer in the world’s ongoing battle to reverse climate change, it is sim- ply not possible to change the world alone. In order to ensure this is something that can and will make a difference, it calls upon numerous start-up and established companies to join forces and change the world. A Finnish Beginning The Power-to-X journey at Wärtsilä began in 2017 with a visit to Lappeenranta-Lahti University of Technology (LUT), an es- teemed academic campus located in the southeast of Finland. At the same time Nebraska Public Power District, a Wärtsilä customer, got in touch to see if P2X was something that could work for them. The two then worked together to see if there were shared possibilities. A close P2X ecosystem partner is Finland-based Nordic en- ergy company St1, which has been collaborating with Wärt- silä since the world-leading Slush startup event in 2018. The companies share the goal of accelerating the global energy sector’s transition to sustainable energy generation. St1 has a vision of becoming a leading producer and seller of CO2- aware energy in the region and beyond. At St1, we saw huge potential of P2X and its value chain. It can be used as a pow- erful tool in the work against climate change, but also as a sustainable business possibility for us. Costs Bring New Opportunities Winning technologies need to enable profitable business. This applies to sustainable technologies as well. Companies will generally look directly at the bottom line and how much P2X will cost them in comparison to the latest petroleum and biofuel advances. As this is a new field, knowledge is not widespread and customers want to know what the concept is all about, its efficiency levels and where it will be ready. The biggest ques - tion, however, is: when can we start using them and do you already have them? We will have all the parts in place, and we will be able to pro- duce different kind of fuels, as well as drop-in fuels as new fuels like hydrogen - if required by our customers - so it makes a huge difference when talking to customers. In terms of cost, there is an acknowledgement that P2X will, at least for the time being, be slightly more expensive than other alternative fuels. This is no longer a matter of cost, but rather about making a fundamental change. What is the price of cli- mate change? We need to do something fast. This will cost, yes, but it is also a huge opportunity that will create many jobs and change the way we fuel the planet. Turning to the future In fact, getting the P2X concept off the ground is only just the beginning and that the time has come to take the next step. Along with the other members of the ecosystem, the technolo- gy is ready. Now it is time to start thinking about industry pilots rather than small-scale pilots. Working in the traffic fuel sector, we are very reliant on legisla - tion and mandates. This means there is no market for synthet- ic fuels until they are treated the same as advanced biofuels. However, across marine and other sectors, there is a willing- ness to succeed and that will make the difference. What remains clear is that collaboration, a determination to work together and bringing in fresh ideas is crucial to seeing this process through to completion. Henri van Boxtel Director, Wärtsilä Energy Business