Power to X

As the world moves towards Net Zero, industries outside of the power sector will need to decarbonize especially those that are energy intensive. Low cost renewables can play a key role in enabling industrial decarbonisation, especially solar+battery storage where Quinbrook is already an experienced operator.

Investment Fund of the Year ESG Investing Awards 2021

Awarded February 2021, the only winner among more than 90 finalists in 17 investment fund categories. The award is not indicative of future performance. Quinbrook is not a paid subscriber to ESG Investing nor did it pay as a condition of eligibility. ESG Investing awards are made based on nominations by market participants, including Quinbrook, and assessed by a panel of independent judges comprising financial market professionals, academics and independent experts.

Basic Industry contribution to global emissions
30%

About our Power to X focus

The increasing use of renewable energies will underpin the transition to Net Zero. Direct usage of renewable power will play a large role, but the heavy lifting on decarbonisation requires expansion of the indirect use of green power in the wider economy. Power to X refers to conversion of green power to numerous downstream products including power to: fuels; heat; cooling; agricultural products; data and many more. The Power to X renewable fuels – such as green hydrogen , ammonia, methane, methanol, diesel, gasoline, and kerosene – can be deployed across all sectors such as transport, heating and industry, accelerating decarbonisation of the economy.

In January 2021, the Rocky Mountain Institute, a non-profit advocating for a transition to clean energy, created the Mission Possible Partnership to speed decarbonization across heavy industry. The Mission Possible Partnership will focus on decarbonizing the aluminium, cement, chemicals, iron and steel, aviation, shipping, and heavy road transport industries, which together account for 30% of global carbon emissions. Quinbrook believes that decarbonization of these sectors will take place primarily through a combination of electrification, greening of power supply to energy intensive industry, use and manufacturing of renewable or ‘green’ fuels (including green hydrogen), and new ‘green’ manufacturing such as green steel, green ammonia production and other speciality green chemicals.

Quinbrook is progressing a range of Power-to-X opportunities in renewables power supply to agriculture, plastic recycling, and green fuels production including green hydrogen. Quinbrook believes that the world is just at the beginning of a ‘green’ industrial revolution in the pursuit of rapid decarbonization made possible in large part by low-cost renewable electricity.