AgiFlex Newsletter #1
"The European industry is undergoing a transition of unprecedented scale to tackle climate change by planning introduction of new production processes. The gradual replacement of carbon by hydrogen as the main reductant will strongly increase the demand for renewable electricity, which will become an existential challenge for decarbonization. Availability and cost of possible energy carriers with low C- footprint cannot be accurately forecasted, thus the sustainability of the operation and investments cannot be reliably assessed by static scenario analysis. The energy crisis further emphasized the problem by inducing large short-term price fluctuations, primarily for electricity and gas."[...]