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    ABB launches green hydrogen energy management system that cuts production costs by up to 20 percent


    November 29, 2022 - Contify Energy News

     

      With the ABB Ability OPTIMAX energy management system for the green hydrogen market, ABB presents a solution that helps reduce production costs by providing a real-time overview of energy consumption throughout the facility. Green hydrogen produced by electrolysis – a process that uses electricity from renewable sources to split water into hydrogen and oxygen – is widely recognized as an important fuel for a low-carbon future. However, this poses significant challenges in terms of high production costs and energy-intensive processes.

      Key Highlight:

      * According to the Green Hydrogen Catapult, a global initiative by leading energy companies, the cost of producing green hydrogen must fall by 50 percent to under $2/kg by 2026 to increase the required production capacity by 50 times.

      Original Press Release:

      Zurich, Switzerland, Nov. 28 -- ABB issued the following news release:

      - ABB Ability™ OPTIMAX® helps hydrogen producers reduce electricity costs by up to 20 percent.

      - The software increases the efficiency of energy-intensive electrolysers for the production of green hydrogen.

      - By integrating forecasts and intraday planning, the solution ensures that companies can operate competitively on the electricity market.

      With the ABB Ability™ OPTIMAX® energy management system for the green hydrogen market, ABB presents a solution that helps reduce production costs by providing a real-time overview of energy consumption throughout the facility.

      Green hydrogen produced by electrolysis – a process that uses electricity from renewable sources to split water into hydrogen and oxygen – is widely recognized as an important fuel for a low-carbon future. However, this poses significant challenges in terms of high production costs and energy-intensive processes.

      According to the Green Hydrogen Catapult, a global initiative by leading energy companies, the cost of producing green hydrogen must fall by 50 percent to under $2/kg by 2026 to increase the required production capacity by 50 times.

      OPTIMAX® supports this by supporting every aspect of the lifecycle of a hydrogen plant from simulation during the design and engineering phases to real-time visualization and monitoring during operation. The software measures bi-directional energy flows and carbon emissions, providing contextual data that operators can use to determine the optimal energy demand required.

      The transparency provided by this solution can also be used to improve the efficiency and reliability of each electrolyser module in operation within the plant. The utilization of each module is regulated to ensure that it is only used when needed.

      "Expansion of green hydrogen production requires significant capital investments and high operational costs," says Sleman Saliba, Global Product Manager Energy Management for ABB Process Automation With OPTIMAX®, operators can operate their industrial processes in an energy-efficient manner with only 1-3 percent technology investments and reduce their electricity costs by up to 20 percent."

      By integrating intraday planning, operators can also use OPTIMAX® for advance planning. In this way, plant operators can act competitively on the energy market and develop a circular energy system that is based on forecasts of the availability of renewable energies and their demand, but also takes into account the market prices for electricity.

      The solution can also be used to optimize the integration of green hydrogen into existing hydrogen networks or an infrastructure developed in the future.

      ABB 's Process Automation business is a leader in automation, electrification and digitalization for both process and hybrid industries. We serve our customers with a broad portfolio of products, systems and solutions, including our world-renowned #1 process control system, software and lifecycle services, industry-specific products, and offerings for measurement & analysis and marine. As the global number 2 in the market, we build on our in-depth expertise, diverse team and global footprint. We are dedicated to helping our customers become more competitive, improve their return on investment and run safe, smart and sustainable operations.go.abb/processautomation

      ABB is a leading technology company in electrification and automation, enabling a more sustainable and resource-efficient future. The company's solutions combine technical expertise with software to improve the way things are made, moved, powered and operated. Building on more than 130 years of excellence, ABB's approximately 105,000 employees strive to drive innovation to accelerate industry transformation. www.abb.com

      Disclaimer: The Above Content is Auto-Translated

      Source: ABB

      [Category: Energy]

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