The Role of Hydrogen in Rapidly Emerging Smart Grids

In a Forbes article, Guidehouse Insights discusses how hydrogen could enable new energy storage solutions

As smart grids gain popularity, companies are turning to distributed generation and a plurality of energy inputs to make the grids more resilient and efficient.

In a Forbes article, Adam Forni, principal research analyst at Guidehouse Insights, discussed the benefits and drawbacks to using hydrogen in smart grids.

“Hydrogen power-to-gas has the potential to become an important and versatile energy storage medium, supporting integration of intermittent renewable generation across a wide range of time periods, from seconds all the way to seasonal storage,” said Forni. “However, economics are crucial, and generating hydrogen cheaply has been difficult to date.”

Currently, a hydrogen storage tank alone that would be large enough to support a facility’s needs costs around $5 million. However, some companies are trying to reduce these costs through new technology that utilizes on-demand power supply and artificial intelligence. 

As alternatives like hydrogen storage will become more widely available and less expensive, a Guidehouse report predicts these factors and more will contribute to massive disruption across the entire energy value chain. Energy supply will move toward a multidirectional network of networks and away from the hub-and-spoke model. This will support a two-way energy flow that will give customers a more sustainable, highly digitized, and dynamic energy system.

Read the Forbes Article
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