Power-to-X’s Role in the Hydrogen Economy

By Charlie Sabgir

Power-to-X (PtX) technologies are essential to the clean energy transition and the burgeoning hydrogen economy. At its core, PtX refers to processes that convert electricity generated from renewable sources (such as solar, wind, geothermal, and hydropower) into energy carriers, fuels, or other end products (‘X’).

Hydrogen is a key component in the PtX ecosystem. When produced using renewable electricity, it can be blended with natural gas to lower pipeline emissions, used directly as a fuel source for fuel cell electric vehicles (FCEVs), serve as a grid-scale energy storage solution, or act as a feedstock for synthetic fuels, chemicals, and industrial heat in steel and cement production. Hydrogen derivatives, including methanol, ammonia, and sustainable aviation fuels (SAFs), are also vital for reducing emissions. With global clean hydrogen demand projected to reach 125-585 million tons per annum by 2050, PtX-enabled production of hydrogen and its derivatives will be indispensable for achieving net-zero targets; particularly, in hard-to-abate sectors.

From manufacturing electrolyzer components to delivering green hydrogen and its derivatives, FCHEA members are working to build a more efficient and sustainable energy economy.

In May 2025, Electric Hydrogen’s 100 MW HYPRPlant was selected by Infinium to power its eFuels facility in Texas. Labeled “Project Roadrunner,” this marks the first large-scale, project-financed eFuels initiative, with an expected launch in 2027. Once operational, this facility is expected to be a top global producer of eSAF, eDiesel, and eNaphtha, serving the heavy-duty trucking, plastics, and maritime sectors. Under a 10-year offtake agreement, SAFs will be supplied to International Airlines Group, whose subsidiaries include Aer Lingus and British Airways.

FuelCell Energy’s (FCE) Solid Oxide electrolysis technology is also being integrated into power-to-eFuel production. In August 2024, FCE was awarded a CA $5.9 million grant to support two projects focused on low-emission synthetic diesel fuel, in partnership with Canadian Nuclear Laboratories (CNL), Expander Energy, Nuclear Promise X, and St. Marys Cement.

Plug Power’s PEM electrolyzers are supporting a range of PTX applications worldwide. In South Korea, Plug’s Hyverse electrolyzer is producing green hydrogen for use in fuel cell buses and garbage trucks. Elsewhere in Europe, 5 MW sites in Sweden and other countries are providing clean hydrogen for industrial furnaces. Plug’s global reach, paired with vertically integrated operations, amplifies the company’s potential to scale PtX technologies and applications.

Air Products, in partnership with ACWA Power and NEOM, is developing a landmark green ammonia production facility in Saudi Arabia. Powered by ~4 GW of renewable energy sourced from onshore solar, wind, and storage, the project will generate up to 600 tonnes of green hydrogen in the form of green ammonia per day. The NEOM Green Hydrogen Company, the joint venture between the three partners, aims to export up to 1.2 million tonnes of the produced ammonia annually. As the exclusive off-taker, Air Products will support the cost-effective decarbonization of the industrial and transportation sectors.

Fortescue, in collaboration with Statkraft, is developing the Holmaneset Project in Norway—a 300 MW green ammonia and hydrogen initiative in Bremanger Municipality. Supported by a 2023 Power Purchase Agreement, Statkraft will supply renewable electricity for this 300 MW green energy facility. The plant will convert hydrogen produced via electrolysis into green ammonia, contributing to EU climate goals and industrial decarbonization.

Topsoe is another leader in the PtX space with its ModuLiteeMethanol plants. These modular designs convert green hydrogen and biogenic carbon dioxide into e-methanol, integrating its proprietary catalyst and electrolyzer technology. With 40+ years of experience in methanol plant management, Topsoe emphasizes its low operational costs and high uptime.

John Cockerill entered a joint partnership with Technip Energies in November 2023 to form Rely, a new company designed for PtX and green hydrogen. John Cockerill’s alkaline electrolyzer technology is integral to Rely, enabling lower levelized cost of hydrogen that can be produced at scale. Rely has an expansive global footprint— the company signed an MOU with Verso Energy in March 2025 to develop seven e-Fuels projects across North America and Europe, and was awarded a contract by AM Green in October 2024 to develop and operate India’s largest green ammonia facility.

Stormfisher Hydrogen is a Houston-based developer that produces e-Methane, e-Methanol, and green hydrogen at an industrial scale. In February 2025, the company announced a $50 million partnership with Hy24’s Clean Hydrogen Infrastructure Fund to advance Stormfisher’s clean fuel projects in North America. Stormfisher’s current project pipeline spans the United States (Kansas, Minnesota, Texas) and Canada (Ontario), with the collective capacity to convert up to 1.8 GW of solar and wind energy into eFuels.

As governments and industry move to slash emissions, Power-to-X offers a flexible solution for harnessing renewable energy and decarbonizing sectors that cannot be electrified directly. FCHEA companies are innovating across the value chain–from advanced electrolyzer manufacturing to end-use applications in transportation, industry, and heating–to expand the deployment of PtX technologies and build a more resilient energy economy.

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