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Towards the Hydrogen Economy

Towards the Hydrogen Economy. Iceland's Vision. ICELAND. Iceland's economic policy. Sustainable use of natural resources. Renewable Energy in Iceland. Over 70% of energy used in Iceland comes from renewable resources Electricity and space heating is provided by renewables

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Towards the Hydrogen Economy

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  1. Towards the Hydrogen Economy Iceland's Vision

  2. ICELAND Iceland's economic policy Sustainable use of natural resources

  3. Renewable Energy in Iceland • Over 70% of energy used in Iceland comes from renewable resources • Electricity and space heating is provided by renewables • Fossil fuels are imported for vehicles, shipping and industrial processes

  4. Primary Energy Consumption in Iceland 1940 - 2000+ 140 Proportional consumption 130 100% Coal 120 80% Oil 110 60% 100 Geothermal Coal 40% PJ 90 20% Peat 80 Hydro Oil 0% 70 1940 1950 1960 1970 1980 1990 2000 60 50 Geothermal 40 30 20 10 Hydro 0 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000

  5. Hydro Geo-thermal Together Economical and environmentally viable potential 30 20+ 50 Annual production in 2003 7,1 1,4 8,5 Percentage of potential 24% 7% 17% Potential for Electricity Production (TWh/a) from Renewable Resources Hydro Geothermal

  6. Increasing power with new technologies

  7. Iceland´s benefits from hydrogen • Increased use of local renewables • Renewable energy for vehicles • Renewable energy for ships • Energy security • Cleaner Environment • Sustainable Energy Economy

  8. Hydrogen • The lightest element • 90% of the material world • Water is composed of Hydrogen and Oxygen • Hydrogen Fusion keeps the stars glowing

  9. Hydrogen derives from diverse sources Transportation . Biomass Hydro Wind Solar Geothermal HIGH EFFICIENCY & RELIABILITY Nuclear Distributed Generation Oil ZERO/NEAR ZEROEMISSIONS Coal With Carbon Sequestration NaturalGas

  10. Storing energy for use on demand Hydrogen can be used for • storing geothermal energy during off-peak hours • stabilazing wind and solar energy systems • providing stable current for electrical grids based on renewable energy

  11. Advantages of Hydrogen • Abundant • The most common element in the Universe • Clean • Causes no pollution when used in Fuel Cells and extremely small emissions in IC Engines • Secure • Hydrogen production is not restricted to certain regions or limited deposits, ensuring constant supply • Efficient • Fuel Cells are almost twice as energy efficient as conventional IC engines • Versatile • Can be generated with any primary energy source

  12. The Hydrogen Economy The Hydrogen Economy

  13. Towards a Hydrogen Economy • The introduction of hydrogen as an energy carrier will decrease Iceland's reliance on fossil fuels • Hydrogen from renewables lays the ground for a sustainable energy economy • Iceland is committed to the goals of the Hydrogen Economy • The Government has offered Iceland as a platform for hydrogen research and development

  14. VistOrka shareholders: Icel. New Business Venture Fund Reykjavik Energy The National Power Company Sudurnes Regional Heating Corp University of Iceland The Technological Institute of Iceland Fertilizer Plant Aflvaki hf Government of Iceland Icelandic New Energy Ltd (INE) Majority shareholder: 51% Icelandic Holding Company VistOrka hf (EcoEnergy) Shell Hydrogen 16,33% DaimlerChrysler 16,33% Hydro 16,33

  15. 2. Fuel cell passenger vehicles Demonstration program Gradual introduction into passenger car fleet 3. Fuel cell fishing vessel demonstration Demonstration program Gradual introduction into fishing fleet Key Projects 1. Fuel cell bus demonstration: ECTOS 7MEuro Demonstration program Gradual introduction into bus fleet 2000 2002 Time

  16. Fueling infrastructure for the future First commercial station April 2003

  17. The Hydrogen Roadmap for Iceland

  18. International cooparation • New technologies and standards have to be developed for hydrogen as an energy carrier • Single countries cannot develop hydrogen economy in isolation • Hydrogen Economy cannot be achieved without international cooperation

  19. Accelerating development • IEA working on hydrogen development through the Hydrogen Implementing Agreement (HIA) since 1977 • The EU Hydrogen and Fuel Cells Technology Platform established in 2003 • The International Partnership for Hydrogen Economy (IPHE) established in 2003

  20. International Projects • Standards have been set for international collaborative hydrogen projects • Numerous projects have been recognized on hydrogen production, storage, fuel cell testing, standards, safety etc. • The projects have accelerated international private and public cooperation on hydrogen development

  21. CUTE and ECTOS Hydrogen Cities Reykjavik Stockholm Hamburg London Amsterdam Luxemburg Stuttgart Madrid Barcelona Porto

  22. Russian Federation USA Canada Iceland Japan United Kingdom South Korea France China Germany India Italy IPHE Partners • $35 Trillion in GDP • 85% of world GDP • 3.5 billion people • 75% of electricity used • 2/3s of CO2 emissions and energy consumption European Commission Australia Brazil Norway

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