The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/40219 |
Resumo: | This study is concerned with the path of hydrogen towards market-maturity. The energy industry is being subject to radical changes triggered by the need to mitigate impacts of climate change. Hydrogen can play an important role as an energy storage technology to overcome periods of renewable energy production intermittencies and thus help decarbonising energy intensive industries. This research suggests that one must consider the energy industry as a complex system and study interagent behaviours when assessing the path to market-maturity. The analysis deals with five different levers which reflect on the concept of experience curves and that could potentially accelerate the cost reduction path. Due to interdependencies between energy producers and policymakers, this study proposes a form of coordination whereby policymakers set guard rails to which private agents adapt. Furthermore, the analysis tries to describe the development path for market ramp-up. It expects an exponential growth because of mutually reinforcing feedback loops that are created when political and private actions are coordinated. Finally, the findings imply that hydrogen can become an emergent phenomenon radically changing the energy industry and other adjacent industries. |
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The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex systemHydrogenEnergy transitionComplex systemsEmergenceEnergy producersPolicymakersMarket-maturityExperience curvesHidrogénioTransição energéticaSistemas complexosEmergênciaProdutores de energiaDecisores políticosMercado-maturidadeCurvas de experiênciaDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis study is concerned with the path of hydrogen towards market-maturity. The energy industry is being subject to radical changes triggered by the need to mitigate impacts of climate change. Hydrogen can play an important role as an energy storage technology to overcome periods of renewable energy production intermittencies and thus help decarbonising energy intensive industries. This research suggests that one must consider the energy industry as a complex system and study interagent behaviours when assessing the path to market-maturity. The analysis deals with five different levers which reflect on the concept of experience curves and that could potentially accelerate the cost reduction path. Due to interdependencies between energy producers and policymakers, this study proposes a form of coordination whereby policymakers set guard rails to which private agents adapt. Furthermore, the analysis tries to describe the development path for market ramp-up. It expects an exponential growth because of mutually reinforcing feedback loops that are created when political and private actions are coordinated. Finally, the findings imply that hydrogen can become an emergent phenomenon radically changing the energy industry and other adjacent industries.Este estudo refere-se ao caminho do hidrogénio em direcção à maturidade do mercado. A indústria da energia está sujeita a mudanças radicais desencadeadas pela necessidade de mitigar os impactos das alterações climáticas. O hidrogénio pode desempenhar um papel importante como tecnologia de armazenamento de energia para superar períodos de produção intermitente de energia renovável e assim ajudar a descarbonizar as indústrias intensivas em energia. Este esforço de investigação sugere considerar a indústria energética como um sistema complexo e estudar comportamentos interagentes ao avaliar o caminho para a maturação do mercado. Portanto, a análise trata de cinco diferentes alavancas que reflectem sobre o conceito de curvas de experiência e que podem potencialmente acelerar o caminho da redução de custos. Devido às interdependências entre os produtores de energia e os decisores políticos, este estudo propõe uma forma de coordenação através da qual os decisores políticos estabelecem barreiras de protecção às quais os agentes privados se devem adaptar. Além disso, a análise tenta descrever a trajectória de desenvolvimento da rampa de acesso ao mercado. Espera um crescimento exponencial devido aos laços de feedback que se reforçam mutuamente e que são criados quando as acções políticas e privadas são coordenadas. Finalmente, as conclusões implicam que o hidrogénio pode tornar-se um fenómeno emergente e assim mudar radicalmente a indústria energética e outras indústrias adjacentes.Rajsingh, PeterVeritati - Repositório Institucional da Universidade Católica PortuguesaGross, Justus2023-06-01T00:30:42Z2022-07-072022-062022-07-07T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/40219TID:203132432enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:45:46Zoai:repositorio.ucp.pt:10400.14/40219Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:32:57.212707Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system |
title |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system |
spellingShingle |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system Gross, Justus Hydrogen Energy transition Complex systems Emergence Energy producers Policymakers Market-maturity Experience curves Hidrogénio Transição energética Sistemas complexos Emergência Produtores de energia Decisores políticos Mercado-maturidade Curvas de experiência Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system |
title_full |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system |
title_fullStr |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system |
title_full_unstemmed |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system |
title_sort |
The path to market : maturity for hydrogen in the energy industry an emergent phenomenon in a complex system |
author |
Gross, Justus |
author_facet |
Gross, Justus |
author_role |
author |
dc.contributor.none.fl_str_mv |
Rajsingh, Peter Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Gross, Justus |
dc.subject.por.fl_str_mv |
Hydrogen Energy transition Complex systems Emergence Energy producers Policymakers Market-maturity Experience curves Hidrogénio Transição energética Sistemas complexos Emergência Produtores de energia Decisores políticos Mercado-maturidade Curvas de experiência Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Hydrogen Energy transition Complex systems Emergence Energy producers Policymakers Market-maturity Experience curves Hidrogénio Transição energética Sistemas complexos Emergência Produtores de energia Decisores políticos Mercado-maturidade Curvas de experiência Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This study is concerned with the path of hydrogen towards market-maturity. The energy industry is being subject to radical changes triggered by the need to mitigate impacts of climate change. Hydrogen can play an important role as an energy storage technology to overcome periods of renewable energy production intermittencies and thus help decarbonising energy intensive industries. This research suggests that one must consider the energy industry as a complex system and study interagent behaviours when assessing the path to market-maturity. The analysis deals with five different levers which reflect on the concept of experience curves and that could potentially accelerate the cost reduction path. Due to interdependencies between energy producers and policymakers, this study proposes a form of coordination whereby policymakers set guard rails to which private agents adapt. Furthermore, the analysis tries to describe the development path for market ramp-up. It expects an exponential growth because of mutually reinforcing feedback loops that are created when political and private actions are coordinated. Finally, the findings imply that hydrogen can become an emergent phenomenon radically changing the energy industry and other adjacent industries. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-07-07 2022-06 2022-07-07T00:00:00Z 2023-06-01T00:30:42Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/40219 TID:203132432 |
url |
http://hdl.handle.net/10400.14/40219 |
identifier_str_mv |
TID:203132432 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799132055176478720 |