Inflation and a slowing economy are prompting more people to consider postponing a job change. However, the job market is still hot for IDA members, reckons chief economist and career counsellor.
We will achieve this vision of a climate-neutral society if we develop our renewable energy production while stopping the use of fossil energy sources. In this process, key actors claim that Power-to-X is part of the solution.
Denmark has adopted a climate law to reduce its greenhouse gas emissions by 70 per cent in 2030. This requires using new methods of energy storage and collaboration across sectors to reach the goal. Power-to-X is a clear solution to achieve this, highlights several companies and organizations in a common memorandum of understanding (MOU).
“The government has adopted an ambitious climate law, and if we want to reach this goal in the long run, it requires a strategically focus on technologies to solve the challenges of energy storage and more sustainable fuel. It is here where Power-to-X is the new black in the green transition. That is why we work together with some key companies, all with green ambitions, to point out that it is the time to accelerate Power-to-X technologies in Denmark," says Thomas Damkjær Petersen, Chairman of IDA.
The MOU agreement is the outcome of a series of cross-cutting workshops held by 60 different key companies such as Norwegian, CircleK, Brintbranchen, Haldor Topsøe, and IDA among others, where all parties agreed to encourage the government to support an ambitious development of Power-to-X technology in Denmark.
"We need to phase out our consumption of fossil fuels in Denmark and in the rest of the world. In Denmark we have a tradition of cooperating across sectors and in productive constellations of companies, authorities, investors and research institutions. This is essential to exploit the potential of Power-to-X and eventually export solutions to the rest of the world, and here is where our members are crucial, because they have the skills and know how to contribute to further development of technologies," says Thomas Damkjær Petersen.
Power-to-X (also P2X and P2Y) is a single term for several technologies, producing hydrogen from electricity via renewable energy. The hydrogen can then – in combination with CO2 or nitrogen – be stored as synthetic liquid or gaseous fuels or synthetic chemicals. These can be used as a substitute for fossil-based fuels such as gasoline, diesel and gas.