Blockchain Press Releases
Bridging the Gap: Storage & Distribution in the Hydrogen Value Chain, IDTechEx Report
BOSTON, Aug. 15, 2023 /PRNewswire/ — In recent years, interest and activity in the hydrogen sector have accelerated, driven by governments recognizing hydrogen’s role in the energy transition and companies worldwide capitalizing on emerging market opportunities through the supply of services, products, technologies, and projects. While much focus has been placed on the upstream development of low-carbon hydrogen production sites (both green and blue) and downstream advancements in fuel cell technologies and industrial use cases of hydrogen, the midstream infrastructure needed to store and transport hydrogen has often received less consideration.
The development of this critical link in the value chain is vital for ensuring the full potential of hydrogen as an industrial feedstock, fuel, and energy carrier, bridging the gap between production and consumption. A broad spectrum of solutions exists for hydrogen transportation and storage.
This article delves into the subject of hydrogen storage and distribution technologies, examining their use cases and highlighting recent commercial activities in this domain. For a more in-depth exploration of each technology and associated commercial activities, please refer to IDTechEx’s new market report, “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications“.
The Need for Hydrogen Storage & Distribution
Despite its impressive gravimetric energy density, one of the main challenges with hydrogen is the complexity of its storage and transportation. This stems from its extremely low density at ambient conditions leading to low volumetric energy density. Consequently, significant compression (100 to 700 bar) or liquefaction at an extreme boiling point of -253°C is necessary to enhance its volumetric energy density for storing and transporting adequate amounts.
Although mature, incumbent compressed gas and cryogenic liquid storage methods have significant disadvantages. These methods are energy-intensive, diminishing the hydrogen’s net energy content. Compression consumes 10-30% of the original energy, while liquefaction can use up to 30-40%, with the added burden of requiring a separate liquefaction plant, entailing considerable capital investment. Such inefficiencies significantly hinder some applications, such as FCEV mobility and energy storage, by sharply lowering the overall energy efficiency. Safety risks with compressed gas storage and boil-off issues with liquid H2 storage lead to hydrogen loss, further exacerbating the challenges. Collectively, these factors make both domestic and international transport of hydrogen expensive and inefficient.
Globally, hydrogen pipelines do exist, totaling an estimated 5,000 km, but their reach is largely restricted to specific regions like parts of Texas and Louisiana around the Gulf Coast or areas in France, Belgium, Netherlands, and Germany. Typically operated by industrial gas giants like Air Products, Linde, and Air Liquide, these pipelines serve industrial facilities such as refineries within a limited range of production sites. This confinement emphasizes the pressing need to expand pipeline networks to connect varying regions of production and consumption more widely.
Hydrogen Storage Options and Their Use Cases
Many solutions are available, but the optimal choice depends on storage size and application. Compressed gas and liquid hydrogen storage tanks will likely continue to serve stationary storage applications, such as hydrogen refueling stations. Liquid hydrogen spheres may be used to store large quantities at production sites and import/export terminals. Established players like Tenaris (compressed gas storage), Chart Industries (liquid H2 tanks), and McDermott CB&I (liquid H2 spherical vessels) already supply these well-commercialized solutions.
Compressed hydrogen tanks, especially Type III and IV composites are gaining traction in the FCEV market, as they are most suitable to store hydrogen on-board of a vehicle. Many FCEVs, such as the Hyundai Nexo and Toyota Mirai, use Type IV tanks storing hydrogen at 700 bar. Compressed storage is expected to persist in many FCEV segments, dominating light-duty ones. However, liquid hydrogen (LH2) tanks present the advantage of higher capacities, which could be beneficial for the heavy-duty segments. Hence, some companies, like Daimler Truck, are trialing the use of LH2.
Storage systems using metal hydrides show promise for stationary applications similar to existing compressed and liquid H2 systems. These systems, which operate at much lower pressures (10-50 bar) and use pressure cycling for adsorption/release, may be more suitable for hydrogen energy storage applications due to reduced energy consumption and, thus, improved round-trip efficiency. Companies like GKN Hydrogen are progressing towards commercialization, having demonstrated their systems in off-grid energy storage and residential combined heat and power (CHP). Many more companies are developing systems based on metal hydrides.
Underground hydrogen storage, utilizing reservoirs like salt caverns, builds on established natural gas storage methods. Integration of such facilities into hydrogen pipeline networks is planned by operators like Uniper and Gasunie in the coming years. Underground storage is expected to play a key role in seasonal hydrogen storage to supply sectors in times of lower demand, like natural gas storage. Underground facilities may also be used by industrial projects as a buffer reserve of hydrogen – HYBRIT, a sustainable steelmaking project in Sweden, is testing such a concept using a lined rock cavern (LRC). However, regulation and long project development times remain key challenges for this storage type.
Hydrogen Distribution Options and Their Use Cases
Currently, compressed and liquid hydrogen trailers supply smaller scale applications like refueling stations or pilot projects. This trend is likely to continue as large-scale transportation where continuous hydrogen supplies are needed may not be viable with these methods. Many types of vessels could be used in terms of compressed gas transport, from Type I to IV, developed by companies like Hexagon Purus. Other companies, such as LIFTE H2, are using trailer concepts to develop mobile refuelers, which can compensate for the lack of a hydrogen refueling station.
Larger scale and longer-distance transport will necessitate pipelines, either running directly from production to end-use sites or feeding into pipeline networks. New construction is planned, with some projects like the HyNet North West Hydrogen Pipeline already underway. Repurposing natural gas pipelines is a possibility but requires extensive simulation, testing, and risk evaluation to identify suitable pipelines. The European Hydrogen Backbone initiative is a leading initiative in terms of developing a large-scale pipeline network, with over 30 operators participating – many of the pipelines that will be used are planned to be repurposed from existing networks. Blending hydrogen into natural gas is also a popular topic as it is a way of partially decarbonizing the heating and power sector, with projects like HyDeploy proving a blend of 20 vol% being safe in existing pipelines. However, a higher percentage of hydrogen blends will require the modification of many appliances and equipment in the residential and industrial sectors.
International long-distance transport may involve liquid hydrogen or conversion to hydrogen carriers like ammonia or LOHC. Liquid hydrogen transport was demonstrated by the Suiso Frontier vessel (built by Kawasaki Heavy Industries) in the HESC project, transporting hydrogen from Australia to Japan. However, this pathway may be less viable compared to carriers due to the technical and commercial difficulties of dealing with liquid hydrogen.
The advantage of using hydrogen carriers is the utilization of existing transport routes and vessels, albeit requiring additional processing facilities. Companies like Chiyoda Corporation and Hydrogenious LOHC Technologies are on the path of commercializing their LOHC solutions. An ammonia receiving terminal is also planned at the Port of Rotterdam as a collaboration between Royal Vopak, Gasunie, and HES International. Many more companies globally are also seeing ammonia as the more viable option.
Future Directions & Further Insights
The global embrace of hydrogen storage and distribution technologies will expand as production and end-use sites increase. This represents an opportunity for product supply, project development, and R&D to innovate and refine existing methods. IDTechEx projects the global low-carbon hydrogen production market to reach US$130 billion by 2033, expecting substantial growth in transport and storage solutions. The new “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications” report offers an exhaustive overview of the value chain, including technological analyses, comparisons, commercial activities, innovations, and market trends.
To find out more about this IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/hydrogeneconomy.
About IDTechEx
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [email protected] or visit www.IDTechEx.com.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
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Blockchain Press Releases
Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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