PCI Energy Solutions has partnered with SEED-Energy of Grenoble, France, on a pilot project to conduct environmental and economic feasibility studies on clean energy resources such as hydrogen, wind, solar, renewables, distributed energy resources (DERs), and energy storage devices. PCI will work with customers using SEED-Energy’s life-cycle analysis software, Odyssey, to help quantify the economic and environmental benefits of introducing these new assets into their operations.
David Grantham, PCI consultant and founder of RedwoodAdaptive, an energy technology and sustainable growth consultancy, believes the time is right for hydrogen investment.
“The Inflation Reduction Act (IRA) delivers the type of economic incentives that will allow clean hydrogen hub planners and developers to scale their production and project footprints as they compete for funding under the Bipartisan Infrastructure Law (BIL),” Grantham said. “These funding streams can provide for the rapid integration of hydrogen into existing energy and industrial and transportation systems while also offering supply certainty to off-takers, end-users, and investors. Their combined impact should expand deal flow to the level required for early market formation, beginning in the U.S. Gulf Coast region.”
According to Paul Davis, senior director at PCI Energy Solutions and project lead, “Voluntary decarbonization efforts in the power sector are impressive and accelerating, since renewable generation is not only cleaner, but now more economical than most fossil burning alternatives. We’ve seen tremendous interest in adding storage technologies to levelize wind and solar generation, and hydrogen is emerging as an attractive option for long-duration energy storage and more. Our customers want to make eco-smart investments that consider the entire life cycle of these resources, including the CO2 from manufacturing, installation, maintenance, and end-of-life disposal.”
PCI has the portfolio optimization and management expertise to help customers evaluate and optimally size these investments, and along with SEED-Energy’s Odyssey platform, can now offer best-in-class services for techno-economic life-cycle analysis that are very much needed to facilitate the massive shift to a cleaner and more resilient power grid.