Hydrogen Energy Storage

GoldenPeaks Capital Energy is at the forefront of defining best standards in the green hydrogen solutions sector. As an energy and storage vector, hydrogen presents vital opportunities for evolving electrification and it is a core strategy in GPCE’s storage vision.


Solar energy for hydrogen production

GPCE intends to harness its existing photovoltaic farms for hydrogen production. Photovoltaics are instrumental in hydrogen production as they provide the electricity essential for water electrolysis, the process that dissociates water into hydrogen and oxygen. GPCE anticipates launching its hydrogen operations by 2025.
Hydrogen, in addition to being an eco-friendly energy source, holds significant potential for deployment in industries characterized by high energy demands for manufacturing.

These sectors include heavy industry, transport, and the chemical industry. By incorporating hydrogen into our energy solutions, GPC is able to reduce the environmental footprint of these sectors while ensuring the provision of reliable and efficient energy.

The need for green hydrogen in Europe

Recent geopolitical shifts, underscored by Russia’s incursion into Ukraine, have amplified the relevance of the hydrogen sector within Europe. Russia, the world’s second-largest natural gas producer, is also responsible for a significant portion of global hydrogen production. Therefore, in response to the imposition of sanctions, the European Union is intensifying its efforts to fortify intra-bloc supply chains to satisfy its energy requirements.
Renewable energy, with renewable hydrogen as a cornerstone, is the pivotal underpinning of the REPowerEU Plan. This initiative propels the objective of rapidly transitioning from reliance on Russian fossil fuels.
Green hydrogen further underpins the EU’s thrust towards achieving net-zero emissions. By 2030, the bloc is committed to…
...reducing NOX emissions by 55 percent compared to 1990 levels.
In line with this commitment, the EU has proposed to generate 10 million metric tons of renewable hydrogen by 2030…
…and foresees importing an additional 10 million metric tons.

A key player in energy transition

The path to net zero emissions requires a radical shift in the existing energy paradigm. This includes a significant expansion of the use of hydrogen and hydrogen-based fuels in all sectors.

The choice of decarbonization methodology hinges upon the feasibility and practicability of direct electrification and clean hydrogen across various sectors. Where direct electrification is readily available and has been developed on a large scale, it is often the preferred route. This is illustrated by the decarbonization of light commercial vehicles.
Thus, provided its applicability, clean hydrogen will also become the leading technology in sectors that today face major challenges or direct electrification technologies are not yet widespread. This particularly holds true for long-haul heavy transport, high-temperature industrial heat in heavy industries such as steel, glass, and cement, and the steel and petrochemical sectors.
can be used to generate energy, with only water as the end product.

compliments renewable energy, balancing its unpredictability for energy generation.

is efficient as it is the most energy-dense known energy carrier (x2.6 natural gas)

does not produce pollutants on burning (eg sulphates or carbon monoxide)

enhances the independency from oil producers in sectors that otherwise would heavily rely on fossil fuels.