WEBVTT 1 00:00:06.630 --> 00:00:08.790 line:15% Olivia, what fascinates you about hydrogen? 2 00:00:08.790 --> 00:00:12.660 Hydrogen I see is a very important part of the energy mix, 3 00:00:12.660 --> 00:00:16.200 particularly in the future where we want to move 4 00:00:16.200 --> 00:00:18.720 to a fully renewable system. 5 00:00:18.720 --> 00:00:22.080 And we have to find a solution for when it's not windy 6 00:00:22.080 --> 00:00:23.250 and when it's not sunny. 7 00:00:23.250 --> 00:00:25.860 I'm fascinated in hydrogen because it's one of those 8 00:00:25.860 --> 00:00:29.340 solutions that will fix the gap when those aren't available. 9 00:00:29.340 --> 00:00:30.810 The intermittency problem, if you like. 10 00:00:30.810 --> 00:00:33.630 What motivates your organization to be a front runner? 11 00:00:33.630 --> 00:00:38.366 EnBW is very committed to a new energy future 12 00:00:38.366 --> 00:00:41.940 of removing fossil fuels from the mix, 13 00:00:41.940 --> 00:00:44.250 of protecting the climate at the end of the day, 14 00:00:44.250 --> 00:00:45.450 and protecting the planet. 15 00:00:45.450 --> 00:00:48.600 To solve the intermittency issue, 16 00:00:48.600 --> 00:00:50.730 we need to investigate hydrogen and work out 17 00:00:50.730 --> 00:00:53.342 how we can use that 18 00:00:53.342 --> 00:00:58.342 in maintaining the energy system for our users. 19 00:00:58.560 --> 00:00:59.880 What challenges, 20 00:00:59.880 --> 00:01:02.340 because I guess it's not without challenges, 21 00:01:02.340 --> 00:01:03.540 do you think we're facing now 22 00:01:03.540 --> 00:01:06.210 in the up-nascent hydrogen market? 23 00:01:06.210 --> 00:01:07.950 I'm not sure we have long enough to talk about 24 00:01:07.950 --> 00:01:08.880 all of the challenges. 25 00:01:08.880 --> 00:01:10.910 There are many challenges, 26 00:01:10.910 --> 00:01:14.139 but as there always are with any new industry, 27 00:01:14.139 --> 00:01:15.822 any new product, 28 00:01:15.822 --> 00:01:17.790 and in this case, any new entire value chain, 29 00:01:17.790 --> 00:01:19.080 frankly speaking. 30 00:01:19.080 --> 00:01:21.780 That said, there's challenges and there's opportunities. 31 00:01:21.780 --> 00:01:25.770 So I think the big opportunities I would focus on 32 00:01:25.770 --> 00:01:28.290 is the fact that none of this is 33 00:01:28.290 --> 00:01:30.810 really brand new technology. 34 00:01:30.810 --> 00:01:33.090 A lot of it is using existing technology, 35 00:01:33.090 --> 00:01:36.420 but in either a different way to how it's already been used, 36 00:01:36.420 --> 00:01:40.890 and I'm thinking here of electrolysis, of gas pipelines, 37 00:01:40.890 --> 00:01:44.250 of uses of hydrogen, 38 00:01:44.250 --> 00:01:47.613 so refineries, fertilizer plants, et cetera. 39 00:01:48.690 --> 00:01:50.850 All of those exist today, 40 00:01:50.850 --> 00:01:53.250 but just need to be tweaked somehow 41 00:01:53.250 --> 00:01:56.820 to work with the new system, if you like. 42 00:01:56.820 --> 00:01:58.350 And that's not going to happen overnight. 43 00:01:58.350 --> 00:01:59.490 So that's a challenge. 44 00:01:59.490 --> 00:02:02.370 The biggest challenge is clearly the economics. 45 00:02:02.370 --> 00:02:03.900 Yeah. 46 00:02:03.900 --> 00:02:06.003 But if you break that down, 47 00:02:06.840 --> 00:02:10.770 it's getting all of the stakeholders in the value chain 48 00:02:10.770 --> 00:02:15.240 aligned, on board, cooperating well. 49 00:02:15.240 --> 00:02:20.130 So we have the EUETS, for example, which is already... 50 00:02:20.130 --> 00:02:22.680 we wouldn't be sitting down having this conversation, 51 00:02:22.680 --> 00:02:24.360 if there wasn't a carbon price. 52 00:02:24.360 --> 00:02:27.330 What's your view and the outlook 53 00:02:27.330 --> 00:02:29.580 for the nascent hydrogen industry? 54 00:02:29.580 --> 00:02:31.540 So I think clarity on the regulations 55 00:02:32.430 --> 00:02:35.670 is a critical next step. 56 00:02:35.670 --> 00:02:40.670 And I think at that point, industry is poised 57 00:02:40.683 --> 00:02:43.560 and industry all the way along the value chain. 58 00:02:43.560 --> 00:02:46.080 So from the end user industry, 59 00:02:46.080 --> 00:02:48.660 to the midstream infrastructure industry, 60 00:02:48.660 --> 00:02:50.790 to the upstream production industry, 61 00:02:50.790 --> 00:02:54.150 everyone is poised to make this transition, 62 00:02:54.150 --> 00:02:55.320 to make it happen. 63 00:02:55.320 --> 00:02:58.470 The framework needs to be clear that we're operating within. 64 00:02:58.470 --> 00:03:01.110 What is your final takeaway? 65 00:03:01.110 --> 00:03:03.210 I think we need to manage the hype a little bit, 66 00:03:03.210 --> 00:03:04.953 that it's not the sole solution. 67 00:03:06.480 --> 00:03:09.750 It is going to be one of the solutions, 68 00:03:09.750 --> 00:03:13.080 but clearly renewable energy development, 69 00:03:13.080 --> 00:03:16.170 wind development, solar development, 70 00:03:16.170 --> 00:03:20.670 hydropower where it's available, is also critical. 71 00:03:20.670 --> 00:03:23.979 And other forms of storage, energy storage. 72 00:03:23.979 --> 00:03:28.979 So yes, I think hydrogen is a very important part. 73 00:03:29.508 --> 00:03:30.810 It's not the only part, 74 00:03:30.810 --> 00:03:32.610 but we all have an important part to play 75 00:03:32.610 --> 00:03:36.483 in making the whole thing carbon neutral.