Results for tag: "Power To X"

The Power to X market is a subset of the energy storage industry that focuses on the conversion of electricity into other forms of energy. This includes the conversion of electricity into chemical energy, such as hydrogen, and the conversion of electricity into thermal energy, such as heat. Power to X technologies are used to store energy for later use, as well as to provide energy services such as peak shaving and load shifting. These technologies are becoming increasingly important as the world transitions to a low-carbon economy. Power to X technologies are being developed by a range of companies, including ITM Power, Hydrogenics, Nel Hydrogen, and McPhy Energy. Other companies, such as Siemens, are also investing in the development of Power to X technologies. Show Less Read more