Modelling the hydrogen energy market

The newly intensified controversy around the flaws of the contemporary energy systems and the need to make an "energy transition" forced humanity to look for new "decarbonized" energy carriers that could work well in synergy with renewable energy sources, which led to the resumpt...

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Bibliographic Details
Main Authors: Grushevenko, Dmitry, Kulagin, Vyacheslav, Galkina, Anna
Format: Conference Proceeding
Language:English
Subjects:
Econometrics
Energy
Fossil fuels
Hydrogen
Hydrogen-based energy
Iterative methods
Markets
Renewable energy sources
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Summary:The newly intensified controversy around the flaws of the contemporary energy systems and the need to make an "energy transition" forced humanity to look for new "decarbonized" energy carriers that could work well in synergy with renewable energy sources, which led to the resumption of discussion of "hydrogen energy" and "hydrogen economy". The idea of the development of hydrogen based energy system has gained widespread international acclaim and support from the leading global governments and organizations. Naturally, such a major push for the creation of brand new hydrogen economy and hydrogen energy systems sets the task for specialists in the field of energy modeling to develop appropriate tools that will allow predictive calculations of the prospects for integrating hydrogen into the global energy balance. The authors ' analysis showed that forecasting the emerging market of hydrogen as an energy carrier and its place in the global energy balance is impossible using current methods of econometric analysis and requires a multi-iterative multifactor approach using specialized models currently being developed at ERI RAS.
ISSN:0094-243X
1551-7616
DOI:10.1063/5.0111523