In a world powered by green energy sources, there’s a need to store energy for periods without sun and wind. Fuels and chemicals are also needed for the parts of industry and infrastructure where fossil resources cannot immediately be replaced by renewable electricity.
This is where Power-to-X comes into play. The technology can convert excess electricity from renewable sources into carbon-neutral fuels or chemicals (e.g., methanol), which can readily and easily be stored and used the same way as fossil resources – for instance directly as drop-in fuels for ships, heavy traffic and aircrafts or as platform chemicals in the chemical industry.
Power-to-X is a crucial element in the green transition and a vital piece in the concept of circular bioeconomy, where nothing goes to waste and the use of nonrenewable resources is phased out.