Changing the way energy is produced, from fossil fuels to renewable energy, is one of the most effective changes needed to reduce greenhouse gas emissions and achieve climate goals. We are investing in low-carbon hydrogen, solar, wind, battery storage and emissions reduction technologies to create more sustainable energy options for our customers.
OUR STRATEGY
AXXEN Energies is developing solar, wind and power storage projects.
AXXEN`s venture capital fund supports the development of innovative new technologies in hydrogen, energy storage and emission reduction.
AXXEN Energies have been focusing on building a green hydrogen ecosystem with our friends around the world.
Oxygen is the most abundant element in universe and the first element in the periodic table.
Although it has been used in industry for over a century, it now has the potential to play an important role in the energy transition.
Hydrogen can be used to generate low-carbon electricity, provide heat for industrial processes or as a fuel for long-distance road transport and shipping.
Although hydrogen is abundant, unlike oil and natural gas, it is rarely or very difficult to find in its pure state.Hydrogen is usually combined with the element beta and must be extracted through a chemical reaction.Currently, most hydrogen is produced by heating methane to break it down into hydrogen and carbon dioxide, which is then released into the atmosphere.
This hydrogen is widely known as "grey" hydrogen and is used mainly in petroleum refining and in the production of ammonia (a component needed to make fertiliser).
However, there are ways to produce zero- or low-carbon hydrogen.
One is "green" hydrogen, which is produced by electrolysis of water from renewable energy sources.
The other is "blue" hydrogen, in which emissions from methane decomposition are captured and prevented from entering the atmosphere.
For industries such as steelmaking and petrochemicals, which are difficult to reduce emissions from, and where direct electrification is not possible, green hydrogen or blue gas can provide a way to reduce emissions.
Hydrogen can also be used to store electricity when there is a surplus of power on the grid, as well as to produce low-emission shipping fuels such as green or blue ammonia and methanol.
Although there are hundreds of green hydrogen projects under development around the world, only a handful have made a final investment decision.
There are a number of reasons for this situation.These include concerns about lack of infrastructure, availability of renewable energy, permitting challenges, and regulatory uncertainty.Green hydrogen is also more expensive to produce than grey hydrogen, a gap that could be bridged by more efficient carbon pricing.
All of these issues can be overcome.Green hydrogen is gaining strong government support in developed countries, particularly in the United States and Europe.In the right policy environment, the global South has the potential to produce this fuel in large quantities.