Renewable Energy for Industry: From Green Energy to Green Materials and Fuels

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Source:
International Energy Agency (IEA)
Authors:
C├ędric Philibert

This report considers various current and forthcoming options to increase the uptake of renewables as one possible way to reduce industry sector energy and process carbon dioxide emissions. The main finding of the report is that the recent rapid cost reductions in solar photovoltaics (PV) and wind power may enable new options for greening the industry, either directly from electricity or through the production of hydrogen-rich chemicals and fuels. Simultaneously, electrification offers new flexibility options to better integrate large shares of variable renewables into power grids.