6min chapter

TED Business cover image

Dreams and details for a decarbonized future | Jim Hagemann Snabe

TED Business

CHAPTER

Power to X Is a Good Solution for the Storage Problem

At mask, i asked the following question: How much green electricity do we need to fuel all of our 750 vessels with green fuel? The answer was 220 thousand giga hours of green electricity. That is the equivalent of ten % of the installed base of solar and wind in two thousand and 19 years. And that's just cargo shipping. We estimate that the total investment will be in the neighborhood of two trillion dollars. I predict that for the next ten years, the demand for green fuel will be significantly higher than the supply. What seemed to be an impossible dream only three years ago, this becoming reality. This is a leadership moment. It is time for us to pursue big dreams, even

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