Futurex energy U S Outlying Islands

Could islands cut ties with the fossil fuel industry?

Many islands have access to abundant wind, solar, hydro, tidal, biofuel, or geothermal energy resources and could significantly cut ties with the fossil fuel industry.

Can energy islands support the production of off-grid renewable electricity?

This feature article draws DNV's picture of how energy islands could support the production of off-grid renewable electricity and the decarbonization of hard-to-abate sectors, through supporting hydrogen and other e-fuel production.

Can energy Islands be used as energy distribution hubs?

Initially, many energy island concepts will mainly serve as electricity distribution hubs. However, there is a growing need to convert renewable-based power to molecular fuels, to supply clean energy to sectors such as industrial heating, maritime shipping, or aviation that have few alternatives to decarbonize.

Are island states a good investment opportunity?

There is also a unique investment opportunity inherent in island states: they face an acute version of the renewable energy challenges faced by the rest of the world—namely, limited land area and the inherent variability and intermittency of renewable energy resources.

What is an energy island?

In the context of this article, we define an energy island as a hub for electricity generation from off-grid renewable sources, possibly including related production of electricity-based fuels. We want to shed more light on this highly interesting concept and our view of its development towards mid-century.

How do energy Islands work?

Energy islands can enable the transport of renewable energy in the form of both electricity or as gas – in this case hydrogen. Electricity can be transported and fed into the grid or can be transported to closer-to-consumption hydrogen production sites onshore.