P2X Solutions produces green hydrogen and synthetic fuels using Power-to-X technology, facilitating the transition to cleaner energy sources. The company is constructing industrial-scale production plants in Finland, targeting a total hydrogen production capacity of 1 GW by 2031 to meet growing energy demands and reduce carbon emissions.
Funding
$14.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The energy sector faces the challenge of decarbonizing energy production and transportation fuels to mitigate climate change. Traditional methods of producing hydrogen and synthetic fuels rely on fossil fuels, contributing to greenhouse gas emissions and hindering the transition to sustainable energy systems. There is a need for scalable and cost-effective solutions to produce green hydrogen and synthetic fuels from renewable energy sources.
Solution
P2X Solutions addresses this challenge by producing green hydrogen and synthetic fuels using Power-to-X (PtX) technology. The company utilizes renewable energy sources to power the electrolysis process, which splits water into hydrogen and oxygen. The green hydrogen is then used to create synthetic fuels like methane, methanol, and ammonia. P2X Solutions is constructing industrial-scale production plants to scale up the production of green hydrogen and synthetic fuels, aiming to reach a total hydrogen production capacity of 1 GW by 2031. By offering both green hydrogen and synthetic fuels, P2X Solutions facilitates the transition to cleaner energy sources across various sectors, including transportation, industry, and energy storage.
Target Audience
The primary customers are energy companies, transportation providers, industrial consumers, and other organizations seeking to reduce their carbon footprint by adopting green hydrogen and synthetic fuels.
Features
- Production of green hydrogen via water electrolysis powered by renewable energy sources
- Synthesis of e-methane, e-methanol, and e-ammonia from green hydrogen and captured carbon dioxide
- Turnkey delivery of hydrogen plants tailored to customer needs
- Industrial-scale production capacity, targeting 1 GW of hydrogen production by 2031
- Integration of ABB Ability™ OPTIMAX® energy management system for production planning and energy market optimization