Name: Navigating Investment Uncertainty in the Hydrogen Industry
Uploaded: 2023-05-31T05:56:35.969Z
Duration: 308.17

Steffen edited Video.mp4

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Subtitles

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My name is Steffen

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Terreblanche.

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I'm with Emerson

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Automation Solutions.

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My role is the automation

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specialist for capital

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projects looking after the

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east coast of Australia.

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So I get involved in all,

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discussions surrounding

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automation optimization

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for greenfield plant

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development, deployment, and

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particularly with a big focus

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on renewables and hydrogen

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as it stands at the moment.

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I think one of the big issues

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that, that creates uncertainty

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with investment, or investors.

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In the hydrogen industry

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is the fact that we have

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to tie together so many

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different industry verticals.

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So you're talking about

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tying together electricity

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production, water treatment,

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hydrogen production, terminal

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operations, distribution

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pipeline injection, and

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achieving a seamless

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integration between all

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these verticals is something

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that gives investors a lot

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of nervousness and  fear

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about return.

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Something a lot of the

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investors I don't think

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realize is that these

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industries are already

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very well covered by a lot

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of automation experts and

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expertise, and the integration

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of these verticals is going

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to mirror very closely what

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is happening in the oil

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and gas world for upstream,

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midstream compression,

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et cetera, distribution.

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It's already sort of

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being done in a different

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sort of industry way,

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but the solutions exist

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to tie this all together

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and address any business

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concerns very, effectively.

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So I think technology

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plays a big part in that.

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But I think the efficiency

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in advancements for the

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conversion process from

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electricity, green electrons

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to green molecules is

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something that's going

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to have to improve it and

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the data capture, AI learning

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rates, et cetera, are gonna

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have a big role to play

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there In achieving those

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efficiency improvements, the

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more we develop technologies

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such as, you know, hydrogen

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or ammonia fueled shipping,

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mobility for hydrogen.

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Potentially even hydrogen

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injection and appliances in

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homes, the greater we grow

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the market and the bigger the

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market, the bigger the demand.

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The bigger the demand,

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the more it's gonna drive,

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investment certainty to

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start to develop projects

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to supply that demand.

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We're stuck in a bit of a

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chicken and egg situation.

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I almost feel in Australia,

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in that, we need to secure

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those offtake and have

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bankability around that.

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Upfront before people

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are willing to invest

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and actually get the

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projects off the ground.

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But I think the

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demand primarily is

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coming from overseas.

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And we need to start looking

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at how we can develop

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that local consumption and

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market in Australia as well.

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One of the big strategies

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that are gonna have to be

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deployed is to focus on, as

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opposed to multiple, smaller

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dispersed hydrogen production

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facilities, et cetera, is

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to try and focus in on a few

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key larger scale projects.

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Deal with people that

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have the backing.

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Have some sort of experience

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in the game, be that on

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the electricity side, on

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the gas handling side,

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et cetera, and really get

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behind those projects and

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try and, partner with them.

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Look for technology partners,

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look for technology solution

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providers that are gonna help

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to uncover those improvements

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and efficiencies, et cetera.

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And those are the companies

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you wanna try and partner

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with and invest in.

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To ensure that you're

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going to get some

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sort of return on that

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investment in the long run.

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It's not gonna happen quickly.

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It's not gonna be a, a, a

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quick return on investment,

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but I have no doubt that

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it will happen in time.

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I mean, if you take into

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consideration the first

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mobile phone in Australia

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costs $5,000 in 1983.

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You can now get a mobile

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phone online, deliver

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to your door for $30.

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Not saying electrolyzers

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are gonna be $30, but

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the costs will come down.

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The efficiencies will happen.

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It's it will grow as the

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demand increases, and

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investors need to look for

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those companies that are

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aligned with those technology

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partners to make it happen.

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Make sure you're partnering

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with the entities.

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Who have that collaboration

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and partnership with

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experienced operators

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in the industry.

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We've heard ThyssenKrupp

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talking today about

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their experience running

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alcohol eye electrolyzers.

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At Emerson, we, we have vast

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experience in the automation

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side of things, and we look

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to partner with our customers,

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et cetera, to try and uncover

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those efficiencies, et cetera.

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You have to be

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very careful about.

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Who you're going to back in

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this sort of race, I suppose

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is the way I'd, I'd refer

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to it as, and probably the

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bigger entities that have some

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sort of government backing as

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well is where I'd be looking

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to, to lean towards cuz

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they, they're the ones that

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are probably gonna have the

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greatest chance of success

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in, making it all commercially

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viable and generating those

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returns in the long run.

Hydrogen Videos

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Join Steffen Terreblache in this video interview where he reveals the secrets to success in the hydrogen industry; 

Discover how to tackle challenges head-on, harness cutting-edge technology and strategic partnerships to drive efficiency and maximize returns. 

Join him on this journey towards a greener future and seize the opportunity to be part of a groundbreaking industry poised to transform the world.

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Navigating Investment Uncertainty in the Hydrogen Industry