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Power-to-X for Applications

Jobs and added value - potential of P2X

April 2021
Author: MichaelHerrmann
Company: VDMA - Power-to-X for Applications

The Institute of the German Economy (IW) has now presented a new report on the economic opportunities offered by Power-to-X. According to the results, 1.2 million new jobs could be created in Germany alone through the production and export of corresponding P2X plants. The European economy could create 80 billion euros in additional annual value added.

For the EU as a whole, the authors of the report see an opportunity to position itself as a leading supplier of the promising, sustainable PtX technologies of the future. The ramp-up of electricity-based energy production has enormous potential for the European economy and production sites, they say.

A German pdf of the report "Synthetic Fuels: Potentials for Europe" can be found here.


Picture: Shutterstock