GLOBAL AMMONIA ENERGY STORAGE MARKET

INTRODUCTION

Ammonia has been suggested as a possible energy carrier for storing and moving intermittent renewable energy sources like wind and solar energy. It is a colorless gas that may be produced from renewable electricity sources like wind or solar power by combining nitrogen and hydrogen.

Ammonia is a potentially appealing substitute for traditional liquid fuels because it has a high energy density by volume that is comparable to that of liquid hydrogen and can be stored and transported at room temperature and ambient pressure.

Although the idea of using ammonia as a fuel is not new, it has recently attracted renewed interest as a potential remedy for the problems associated with energy storage and transportation. 

Ammonia has two fuel options: it may be used directly as a fuel in combustion engines or fuel cells, or it can be transformed into hydrogen for use in fuel cells. Additionally, using a generator or fuel cell to convert ammonia back into electricity is a simple process.

One benefit of utilizing ammonia as an energy source is that it can be produced using renewable energy sources, making it a carbon-free and sustainable energy source.

Additionally, the infrastructure for storage, transport, and handling of ammonia is well-established and relatively inexpensive, which could help to lower the cost of putting ammonia energy systems into place.However, there are drawbacks to using ammonia as an energy source, such as safety issues with regard to its toxicity and flammability.

In addition, producing ammonia consumes a lot of energy and, if hydrogen is obtained from fossil fuels, might result in greenhouse gas emissions. Nevertheless, efforts are being made in research and development to address these issues and increase the viability of ammonia as an energy source.

GLOBAL AMMONIA ENERGY STORAGE MARKET SIZE AND FORECAST

 The Ammonia energy storage accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT PRODUCT DEVELOPMENT AND INNOVATION

Siemens Energy has created a state-of-the-art energy storage system that burns ammonia as its fuel. The Green Ammonia Energy Storage System (GAESS), a technological advancement, has the power to revolutionize the way renewable energy is used and stored.

Intermittency is one of the main problems confronting renewable energy today. When the sun is out and the wind is blowing, solar panels and wind turbines produce energy, but this energy is not always readily available when it is required.The need for energy storage devices that can store surplus energy produced during peak times and release it when needed is increasing as a result of this.

NEW PRODUCT LAUNCH

The first green power-to-ammonia plant in the world has been launched by ABB.  Up to 20% less money will be spent on production thanks to the new energy management system for green hydrogen. It is becoming increasingly important to have effective storage solutions for renewable energy in order to meet the demands of the green transition.

Several Power-to-X facilities are being built in Denmark to transform green electricity into other energy sources, such as green fuels. Lemvig, where work is currently being done to build the first dynamic green ammonia (PtA) plant in the world, is leading the way in this cutting-edge technology. This facility, which is directly linked to renewable energy sources, represents an important turning point in the creation of sustainable energy solutions.

They are honoured to be a part of this innovative demonstration project, which is already beginning to take shape. ABB is providing the PtA facility with total electrical integration as well as control and management of the entire process.

They possess the expertise required for the automation (control and management) of integrated electrical solutions, ideally including their own products as well as other goods precisely tailored to meet customer needs.

In this case, it's a matter of complete automation and electrical distribution from the electrolysis process for additional processing of hydrogen to ammonia - and everything in between. There will be little to no dependency on the grid because the plant will be powered entirely by energy from its own wind turbines.

Dynamic plants are different from other types of plants in that they can create green fuels when the sun is out and the wind is blowing and can reduce production when neither of these energy sources is available. The fact that they are not directly connected to the grid sets them apart from other types of PtX plants, which are more nimble when it comes to being able to adjust to changes in renewable energy.

In terms of green electrification, it will be difficult to get the many PtX plant types to operate at their best. At times when it is unable to generate enough renewable energy from sources like the sun and wind, for example, they must always have adequate energy accessible. The capacity of the electrical grid must be adjusted when operating PtX facilities.

Modern ammonia to hydrogen technology is introduced by AFC Energy.  According to AFC Energy, which recently unveiled its latest ammonia cracking technology, the new hydrogen generation system will be essential in the market's expansion.

It will be presented to the maritime sector as a scalable, modular hydrogen generation system capable of supporting fuel cell technology in areas with challenging storage and transportation challenges.

AFC said it is presently evaluating interest from European utilities, ammonia producers, ship owners, and heavy plant operators as it seeks near-term partnerships. Thanks to AFC Energy's ammonia cracker technology, the UK is still at the forefront of the hydrogen industry.

It puts them in a better position to assist Europe's larger decarbonization goals as well as energy security and independence in the volatile energy market of today. With the advent of this technology, AFC Energy hopes to dominate these significant markets in Europe and Asia, where pure ammonia is a favoured means of supplying hydrogen to consumers. According to the company, larger modular cracker prototypes could be on the horizon in the upcoming year as it accelerates the development of the technology in response to the Ukrainian War, which is increasing demand for renewable energy options in Europe.

COMPANY PROFILE

• Yara International
• Hydrogenics
• MAN Energy Solutions
• Siemens Energy
• Pivot Power

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Ammonia energy storage are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Ammonia energy storage and key vendor selection criteria
3. Where is the Ammonia energy storage manufactured? What is the average margin per unit?
4. Market share of Global Ammonia energy storage market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Ammonia energy storage in-house
6. key predictions for next 5 years in Global Ammonia energy storage market
7. Average B-2-B Ammonia energy storage market price in all segments
8. Latest trends in Ammonia energy storage market, by every market segment
9. The market size (both volume and value) of the Ammonia energy storage market in 2023-2030 and every year in between?
10. Production breakup of Ammonia energy storage market, by suppliers and their OEM relationship