The molecule Hydrogen as a clean energy carrier plays an important role in making the Europe’s heavy and chemical industries more sustainable. Companies, national governments, and the European Union are planning over the next decade to invest billions in the hydrogen economy.

The potential of hydrogen is seen in de-carbonization, as a substitute for traditional non-renewable energy sources, in the use of metallurgical – and synthetic chemical processes, both as an energy carrier and as a chemical element. Depending on its source, hydrogen carries different colours in its name. It is often referred to as ‘green hydrogen’, obtained exclusively from renewable energy sources (associated with the colour green).

With today’s volatile material and energy market prices developing, various possible applications are being explored under high pressure and the demand for hydrogen and its individual marginal costs are being determined. The cornerstone of these initiatives / projects is to establish a solid business case, with or without subsidies, in which all key influencing parameters are included.

At present, the predicted sales volumes and possible incremental costs still show a high variation. At CARNEADES, we see the complexity in the new hydrogen business models:

• different market participants from different first sectors have to work together
• In the current phase, national or even multi-national funding and its activation plays a central role.
• Consideration of the individual location conditions (e.g. proximity to existing energy production plants or those in the planning/construction phase).

With our extensive international experience in the energy industry and process plant implementation, we have a detailed understanding of project, commercial and engineering management best practices. In addition, our specialists are available to carrying out non-routine special project tasks as part of the value chain and ensuring the project objectives.

At CARNEADES, we serve and advise projects and their stakeholders during all phases of the project life cycle through:

• Feasibility and conceptual studies
• Front end engineering design and early procurement
• Procurement, subcontracting, fabrication, and installation
• Project closing activities
• Regular and extended guarantee phase

We are also pleased to assist you in your initiatives, special project tasks and project review with our experience and a fresh eye approach, setting up and operating Special Purpose Vehicles (SPV), the application for funding or in the commercial, technical, and legal assessment of your hydrogen project.