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Figure 2. thyssenkrupp’s concept of using renewable energy and waste CO2 to make renewable methanol Renewable Methanol Report A number of companies are exploring the idea of harnessing excess renewable energy to obtain clean hydrogen from electrolysis. One of them is thyssenkrupp, which is also sourcing excess CO2 from industrial sources to create renewable methanol. Renewable power generation Source: thyssenkrupp Water electrolysis plant CO2 emitting industry Hydrogen (H2) Carbon dioxide (CO2) Methanol Plant operators as compensation for curtailment in the area it serves in Germany14. In California, the grid operator states that, although only about 1% of solar energy is curtailed in the state, “during certain times of the year, it’s not unusual to curtail 20 to 30% of solar capacity”15. Instead of being wastefully curtailed, this electricity could be harnessed to generate renewable methanol, which could in turn be used to generate clean power or as a renewable fuel for cars and ships. The price of electricity is one of the main cost drivers of renewable methanol16, and excess renewable energy tends to command low prices because it is dispatched when demand is at its lowest. A number of companies are exploring the idea of harnessing excess renewable energy to obtain clean hydrogen from electrolysis. One of them is thyssenkrupp, which is also sourcing excess CO2 from industrial sources to create renewable methanol17. Commercial methanol production Several companies and institutions across the world are producing renewable methanol or bio- methanol. Many others are in research and development. 14 TenneT: http://files.smart.pr/4d/76b0d038cf11e8b28c2defbda27260/20180405-Market-Review-2017.pdf 15 California ISO: https://www.caiso.com/documents/curtailmentfastfacts.pdf 16 Liquid Wind: https://www.innovatum.se/wp-content/uploads/2017/05/final-final-liquid-wind-report-may-2017.pd 17 Thyssenkrupp: https://www.thyssenkrupp.com/en/carbon2chem/#421127 www.methanol.org 12 MobilityPDF Image | Renewable Methanol Report
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