A Hydrogen Future: Benefits and Challenges of an Emerging Hydrogen Economy
In our recent blog, The Hydrogen Story – How we Got Here,we examined the technologies, events, and phenomena that have caused us to arrive at the...
3 min read
Team Energy Exemplar : July 17, 2023
The German hydrogen and energy transition consulting firm Profas Energy Consult has partnered with Energy Exemplar to model the latest and most sophisticated needs of the hydrogen value chain using PLEXOS. In a world first, Profas Energy Consult, who specialise in development support and implementation coaching for green hydrogen projects, will work with Energy Exemplar to build on its market-leading modelling software platform, PLEXOS, and optimise hydrogen and power-to-X projects. The hydrogen market being in early stages has previously been reliant on basic modelling including spreadsheets to model scenarios. This approach is reaching an end as multiple technology options, renewable weather scenarios, as well as optimal positioning in the grid are playing a key role in project profitability.
Profas Energy Consult and Energy Exemplar will bring their respective expertise in hydrogen and modelling to introduce transparency to hydrogen project value flows, making final investment decisions simpler. They will also ensure that capital is put into projects with the highest chance of success. Profas and Energy Exemplar will develop state-of-the-art project and asset models to simulate hydrogen projects and their commercial impact on the energy market.
Potential use cases for the specialised “hydrogen-only” PLEXOS software include modelling cost-minimised power supply from volatile renewable energy sources, optimal power purchase agreements, energy market trading effects, as well as the value of ancillary services. The modelling will be of particular interest and appeal to hydrogen and power-to-X project developers, as well as financial institutions and investors.
“Optimising the Power-to-X value chain requires OEM-specific operating models, degradation effects, maintenance and replacement efforts, to calculate financial data over the desired lifetime – for instance, revenues and cash flows.”
- Armin Schnettler, Managing Director of Profas Energy Consult
“By simulating renewable energy supply and its volatility, PPAs and market price forecasts, different hydrogen technology options, the optimal ratings of the electrolyser resp. power-to-X plant will be derived, ensuring the lowest cost of hydrogen and highest economic benefit.”
- Michael Schneider, SVP and Head of EMEA at Energy Exemplar
About Profas Energy Consult: Profas Energy Consult GmbH is a consulting and investment practice, specialising in development support and implementation coaching for successful green hydrogen and Power-to-X projects.
Managing Directors Natalia Westhaeuser (MBA) and Armin Schnettler (Univ.-Prof. Dr.-Ing.) are also engaged as Operating Partners of FiveT Hydrogen, the 360-degree financial partner of the hydrogen industry. FiveT Hydrogen is developing an investment fund family focusing exclusively on clean hydrogen. With this focus, FiveT Hydrogen has already launched the world's first and largest infrastructure fund together with Ardian in the Hy24 joint venture.
About Energy Exemplar: Energy Exemplar is the leading simulation software provider for the world energy market. Headquartered in Australia but with a global presence, it gives energy companies the tools and expertise to light a path forward to a cleaner, greener future. Its state-of-the-art modelling software, including the world-leading PLEXOS suite, empowers more than 500 clients across 73 countries to run simulations, analyse scenarios, simplify decisions and make the switch quickly and safely to net zero. Now the go-to provider of energy solutions for the world’s top market stakeholders, Energy Exemplar is helping to shape tomorrow’s world.
Combining constant innovation with a passion for sustainability, Energy Exemplar has made the crystal ball a reality with its PLEXOS suite. Using PLEXOS, clients can build datasets on electric power, water and gas, and digitally replicate real-world energy markets with unmatched accuracy. PLEXOS simulations inform trading, generation scheduling, capacity expansion and market analysis. As the need to decarbonise grows urgent, PLEXOS has become the essential tool for the secure transformation of the world energy market.
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