Disruption Potential Assessment of the Power-to-Methane Technology

Gábor Pörzse, Zoltán Csedő and Máté Zavarkó
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Gábor Pörzse: Corvinus Innovation Research Center, Corvinus University of Budapest, 1093 Budapest, Hungary
Zoltán Csedő: Department of Management and Organization, Corvinus University of Budapest, 1093 Budapest, Hungary
Máté Zavarkó: Department of Management and Organization, Corvinus University of Budapest, 1093 Budapest, Hungary

Energies, 2021, vol. 14, issue 8, 1-21

Abstract: Power-to-methane (P2M) technology is expected to have a great impact on the future of the global energy sector. Despite the growing amount of related research, its potential disruptive impact has not been assessed yet. This could significantly influence investment decisions regarding the implementation of the P2M technology. Based on a two-year-long empirical research, the paper focuses on exploring the P2M technology deployment potential in different commercial environments. Results are interpreted within the theoretical framework of disruptiveness. It is concluded that P2M has unique attributes because of renewable gas production, grid balancing, and combined long-term energy storage with decarbonization, which represent substantial innovation. Nevertheless, empirical data suggest that the largest P2M plants can be deployed at industrial facilities where CO 2 can be sourced from flue gas. Therefore, a significant decrease of carbon capture technology related costs could enable the disruption potential of the P2M technology in the future, along with further growth of renewable energy production, decarbonization incentives, and significant support of the regulatory environment.

Keywords: power-to-methane; disruptive technology; seasonal energy storage; decarbonization; innovation (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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