- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
In order to store extra electricity from renewable energy sources like solar and wind power, power-to-gas (P2G) energy storage transforms it through the electrolysis process into a chemical energy carrier, such as hydrogen or methane gas.Hydrogen is caught and kept as a gas after being divided into its component parts, hydrogen and oxygen, utilizing energy in the process.
The hydrogen that has been stored can be utilized in many different ways, such as as car fuel or as a raw material for the manufacture of chemicals or other energy-related goods.
Alternately, carbon dioxide (CO2) and hydrogen can be combined to create synthetic methane gas, which can be injected into the natural gas distribution system or used as a fuel for electricity production.
Compared to alternative methods of energy storage like batteries or pumped hydro storage, P2G has a number of benefits.The ability to store energy for a long period of time, which is essential for the grid's integration of intermittent renewable energy sources, is one of its key benefits.
P2G may be used at several sizes, from small-scale decentralized systems to large-scale centralized facilities, making it a flexible and scalable energy storage option.Though P2G has some advantages over other types of energy storage, it also has some drawbacks, such as low conversion efficiencies and high costs.
Though P2G has some advantages over other types of energy storage, it also has some drawbacks, such as low conversion efficiencies and high costs.
Despite these obstacles, P2G is regarded as a promising technology for the shift to a low-carbon energy system because it can help decarbonize a number of industries, including power generation, transportation, and other sectors.
| S No | Company Name | Development |
|---|---|---|
| 1 | Electrochaea | In order to transform renewable electricity and carbon dioxide into pipeline-grade renewable gas, Electrochaea uses a unique biocatalyst. This gas can be used right away or directly put into the current natural gas grid. Their power-to-gas (P2G) technology's unique biocatalyst, which can be used in a straightforward and affordable energy conversion system, is at its core. |
The first phase ofElectrochaea'stwo-step biomethanation process is the electrolysis of water to produce hydrogen.
The biocatalyst, a methanogenic archaea, is housed in a reactor that is fed with renewable hydrogen and carbon dioxide. Renewable methane is the end product that comes out of the reactorThe French business McPhy Energy specializes in hydrogen-based energy storage and delivery systems. "McStore," a power-to-gas energy storage technology, is one of their key offerings.
Through electrolysis, surplus electricity is converted in this system into hydrogen, which is then stored and used for a variety of purposes, including gas grids and fuel cells.
The scalable, adaptable, and modular design features of McStore make it simple to integrate into current energy systems.It is a dependable and affordable alternative for energy storage since it is made to have a long lifespan and require less maintenance.The McStore system from McPhy Energy is a component of their bigger plan for a hydrogen-based sustainable energy future.
The Power-to-gas energy storage accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
| S No | Company Name | Development |
|---|---|---|
| 1 | Yamanashi Hydrogen Company, Inc and Tokyo Electric Power Company and Toray Industries | Yamanashi Hydrogen Company, Inc., Japan's first power-to-gas (P2G) company, has been established, according to an announcement by the Yamanashi Prefectural Government, Tokyo Electric Power Company Holdings, Inc., and Toray Industries, Inc. Hydrogen obtained from renewable energy sources will be produced, supplied, sold, and serviced by Yamanashi Hydrogen Company. |
| 2 | GE and Edra Energy | The start of commercial operation for Edra's power plant at Alor Gajah, Malacca, Malaysia, was announced by GE and Edra Energy Sdn Bhd, the second-largest independent power producer in Malaysia. The largest combined cycle power plant in the nation, which uses GE technology, adds more than 2.2 gigawatts (GW) of electricity to the national grid, or roughly enough to meet up to 10% of the current demand for electricity in the nation |
Yamanashi Hydrogen Company, Inc. will also engage in business ventures to promote the use of hydrogen energy and develop and demonstrate technology related to hydrogen generation, storage, and transportation.
The launch of full activities is planned. In order to expedite P2G system applications in Japan and overseas that aid in the transition away from fossil fuels and aid in the realization of carbon neutrality, the three partners will lean on the new entity.
Additionally,GEofferedEdraan all-encompassing solution that included the essential components of a power plant as well as a service agreement to oversee the project's lifecycle. The overall amount of energy consumed in Malaysia is likely to increase.
Power-to-Gas (P2G) technology is a dynamic and quickly changing field, and Siemens, a global leader in electrification, automation, and digitalization, has solidified itself as a key participant.
Siemens has continuously shown its dedication to developing ground-breaking new approaches that accelerate the transition to sustainable energy sources and tackle the serious problems caused by climate change. Siemens' ground-breaking electrolyzer technology, a pillar of the hydrogen economy, is at the core of its push into P2G. Electrolyzers are machinery that use electricity to separate water into its hydrogen and oxygen components.
Siemens' electrolyzers are essential tools for producing green hydrogen through P2G because of their efficiency, scalability, and adaptability to varied applications.
The Silyzer product line is one of Siemens' premier offers in this area. The enterprise's unwavering commitment to advancing energy conversion technology is embodied in the Silyzer electrolyzers.
Silyzer electrolyzers excel at converting excess renewable electricity into hydrogen, facilitating grid balancing, energy storage, and decarbonization across sectors. They are distinguished by their high efficiency, dynamic response, and modular design.
Siemens' dedication to P2G technology goes beyond the limitations of certain products. In order to promote seamless interaction between various energy vectors, the company's holistic strategy integrates P2G concepts into a wider range of energy systems.
Through this integration, P2G is made to become a crucial component of the complex system that makes up a sustainable energy ecosystem. Beyond the hardware, Siemens provides a range of digital solutions that enable operators to enhance the productivity and performance of P2G systems.
To improve operational effectiveness, optimize hydrogen yield, and guarantee overall reliability of the electrolyzer infrastructure, their cutting-edge control and monitoring systems make use of real-time data and predictive analytics.
Innovating in the field of Power-to-Gas (P2G) energy storage devices, Advent Technologies is a pioneering business at the forefront of creating sophisticated Proton Exchange Membrane (PEM) electrolyzers. Advent's PEM electrolyzers have attracted substantial interest for their potential to fundamentally alter how we produce, store, and use energy. Advent is dedicated to the transformation of sustainable energy.
The P2G concept is built around PEM electrolyzers, which allow surplus electricity produced from renewable sources, including wind and solar, to be electrolyzed into hydrogen gas.
Then, by injecting this hydrogen into the current natural gas infrastructure, an adaptable and scalable energy storage solution can be built. With a flexible and effective method for transforming extra energy into a form that can be stored and transported, Advent's PEM electrolyzers are intended to overcome the problems associated with the intermittent nature of renewable energy sources.
With a focus on cutting-edge materials and design, Advent has made some noteworthy advances that have led to electrolyzer systems with higher efficiency, increased durability, and better performance.
Innovative catalysts, ion-conductive membranes, and stack designs created by the company that maximize hydrogen generation while reducing energy losses are examples of its commitment to innovation. Electrolyzers with quick response times that enable seamless adaptability to variations in electrical supply are a result of this technological prowess. Additionally, the decarbonization and environmental concepts are in line with Advent's PEM electrolyzers.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Admin Pvt Ltd. All rights reserved.