1. Powerfuels are synthetic gases and liquid fuels produced from Power-to-X processes using renewable electricity.
2. Powerfuels will be a missing link for reaching climate targets due to following key reasons:
3. Electricity costs are the largest portion of powerfuel costs followed by carbon capture costs. There is considerable scope for future cost reductions through economies of scale.
4. Individual technologies for production of powerfuels are already available, however they are yet to be integrated in complete commercial value chains.