New Study: Powerfuels in a Renewable Energy World

The Global Alliance Powerfuels announces the publication of its latest research study quantifying demand volumes, costs and trading volumes of powerfuels in an energy system reaching carbon neutrality in 2050. The study shows that in a cost-optimized scenario, powerfuels can cover more than a quarter of final energy demand in 2050.

The study shows that in a cost-optimized scenario, powerfuels can cover more than a quarter of final energy demand in 2050, becoming the most used final energy carriers after renewable electricity. It further highlights the urgent need to direct investments towards powerfuels, as well as towards dedicated renewable electricity plants and Direct Air Capture plants starting today.

Commissioned by the Alliance and executed by LUT University, this study presents analyses for 2030, 2040, and 2050. It quantifies demand volumes for powerfuels and CO2 (point sources vs. DAC), levelised costs with and without global trade, trading volumes, and investment volumes. The study presents said results for the whole world, clustered in 145 regions, and includes a dedicated outlook on Europe.

For further information about this work, please contact us at powerfuels@dena.de.