Innovate to Improve Economics of Low-Carbon Hydrogen
AspenTech for Refining offers a pathway to accelerate innovation and commercialization in the hydrogen economy, integrating renewables with H2 production. This solution optimizes production and storage while facilitating ongoing innovation in end-use processes. Employing digital twin technology and analytics, AspenTech enables the development of new technologies faster, reducing costs and time-to-market. By evaluating risks and costs across the project lifecycle, stakeholders can justify investments and financial decisions, thus reducing project risks as designs are optimized and execution is accelerated. The scalable operation and optimization enhance asset utilization, maximizing load factor and overall efficiency.
AspenTech Sustainability Pathway: Hydrogen Economy
The AspenTech Sustainability Pathway for the hydrogen economy focuses on accelerating innovation to scale low-carbon hydrogen projects. By deploying AspenTech's digital solutions, companies can reduce project lifecycle costs and make informed decisions to minimize risk, maximize investment returns, and optimize operations across the hydrogen value chain. This pathway also aims to accelerate time-to-revenue, optimize asset utilization, reduce safety risks, and minimize leak occurrences, ensuring sustainable and efficient hydrogen production and utilization.
Impact Key Business Processes to Accelerate Innovation for the Hydrogen Economy
AspenTech's solutions impact key business processes related to system, technology, and process design, as well as project design and execution. By optimizing hydrogen and green ammonia production, storage, and end-use processes, AspenTech enables faster innovation assessment and the evaluation of technical, economic feasibility, and project risks. Their modeling solutions provide accurate tools for choosing the right hydrogen production routes and technologies, optimizing CAPEX and OPEX choices for improved efficiency and cost-effectiveness.
Hydrogen and Green Ammonia Production Optimization
For companies involved in hydrogen production, AspenTech's advanced process control solutions, digital twin software, and industrial DERMS offerings help maximize production, optimize throughput, minimize OPEX, and ensure safety. By integrating AI-enhanced control solutions and rigorous process modeling, AspenTech ensures efficient hydrogen production process management, including the integration of electrical and chemical systems, offering a comprehensive approach to low-carbon hydrogen production optimization.
Storage & End Use Solutions
AspenTech provides rigorous modeling environments for cryogenic hydrogen and fuel cell systems, ensuring the safety and reliability of hydrogen storage and transport processes. Their solutions monitor and simulate hydrogen transport pipelines and evaluate subsurface formations, allowing companies to make informed decisions and maintain the efficiency and safety of their hydrogen operations. By embracing digitalization across pipelines and storage solutions, AspenTech supports comprehensive sustainability goals.