One of the key elements to be able to materialize this vision, as well as one of Universal Kraft, is to decentralize energy supply and demand, and consequently solve storage and transportation of clean energy. With project development in energy efficiency, mini & floating hydro, WTE, wind and solar power (ground based, commercial rooftop, floating and solar parking) the Group is technology agnostic. The global energy system has to undergo a profound transformation to achieve the targets in Paris Agreement. In this context, low-carbon electricity from renewables is already one of the preferred energy carrier for those countries.
However, the total decarbonisation of certain sectors, such as transport, industry and uses that require high-grade heat, may be difficult purely by means of electrification.
This challenge could be addressed by hydrogen from renewables, which allows large amounts of renewable energy to be channelled from the power sector into the end-use sectors.
Hydrogen could therefore be the missing link in the energy transition: renewable electricity can be used to produce hydrogen, which can in turn provide energy to sectors otherwise difficult to decarbonise through electrification.