Green hydrogen plant and power-to-X project development

Depending on the scale, complexity and project location, a feasibility analysis can be completed in as little as three weeks or up to nine months for complex mega projects.

Our agile project management practices allow us to deliver feasibility studies within the agreed timeframe, adapting to any project-specific requirements.

With Wood’s P2Xpert™ design tool, we can save several weeks from the typical timeline for early-phase studies.

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The FEED timeline typically ranges from three to eleven months, depending on the project's scale and complexity. It includes stages such as feasibility analysis, conceptual design, detailed design and final review.

The cost of a feasibility study can vary depending on the technical complexity of the project scope.

Our in-house analytical tools allow us to perform high-level process design with preliminary CAPEX and OPEX estimates for pre-feasibility and feasibility studies in a shorter duration, thus reducing costs. Wood can also customise the project scope to meet your budget and project outcomes.

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We can be involved from start to finish and take on various roles, from the conceptual screening phase through feasibility and pre-FEED/FEED. We can provide detailed design, acting as engineer of record and through project commissioning to operation.

We can also act as owner’s engineer through all project phases or as independent engineer providing due diligence for project finance or acquisition.

In addition, our PtX design, commissioning and operational teams are available to guide, design and optimise your project throughout its lifecycle.

Our methodology is iterative and collaborative, involving stakeholders at every stage to refine the project scope and objectives, ensuring the feasibility study is robust and reflective of all project dimensions.

Our feasibility study deliverables include a comprehensive report, an executive summary for quick reference and a digital dashboard for ongoing project analysis.

We also create early-phase design documentation such as BFDs, PFDs, single lines, plant layouts and other documentation required by the client.

Our financial models incorporate sensitivity analyses, scenario planning and stress testing to provide a comprehensive view of project financials.

We provide detailed cost breakdowns, using our extensive database of industry costs and advanced statistical methods to forecast with precision, tailored for the region of your project for a more accurate assessment.

We offer granular market analysis, identifying specific demand drivers and pricing mechanisms relevant to your project's target markets.

Our project market analysis team is working with leading industry data providers and market insights to ensure forecasts are as accurate as possible and relevant to your application and project location.

Our site evaluation process includes geospatial analysis, resource mapping and logistical planning to identify the most suitable locations for project development.

In addition, we work with our clients to choose a site that optimises available incentives. When evaluating potential sites, we also consider possible future plant expansion suitability.

We understand site selection is often an iterative process, so working hand-in-hand with the client is critical when choosing the best location for new project developments.

We evaluate resource availability through a combination of field surveys, remote sensing and partnerships with local resource management agencies.

Our long track record of supporting renewable energy project development as well as our in-depth knowledge of water management make Wood an ideal advisor to find the best resources for power-to-x projects.

Utilising advanced risk modeling techniques, we identify potential issues early on, allowing for the development of mitigation strategies that safeguard project timelines and investments.

Our risk assessment specialists have access to leading industry data providers as well as our extensive global experience database, allowing us to provide more accurate and reliable risk assessments than most competitors.

Our expertise in carbon policy encompasses a global perspective and provides businesses and organisations with comprehensive guidance on navigating the intricate landscape of carbon-related regulations and compliance measures embedded in many different regions, including the United States’ Inflation Reduction Act, Canadian ITC, EU’s RED scheme and Carbon Border Adjustment Mechanism (CBAM).

We specialise in helping our clients understand regulatory provisions and their implications for carbon emissions and assist them in developing tailored strategies to reduce their carbon footprint, stay in compliance and maximise government incentives.

Our team of experienced consultants will conduct thorough assessments, offering insights into carbon pricing mechanisms, emission reduction targets and incentives for sustainable practices.

We also provide proactive recommendations to seize opportunities for emissions trading, offset projects and investments in renewable energy sources, enabling our clients to not only comply with the regulations but also foster sustainable growth and reduce their environmental impact. With our advisory services, clients can stay ahead of evolving carbon policies and make informed decisions that align with their sustainability goals and regional policy requirements.

We employ a structured engagement framework that ensures all voices are heard and considered, fostering community support and project buy-in. 

We work hand-in-hand with you to define the critical project requirements and perform regular reviews to ensure project quality and adherence to your contractual standards.

We conduct thorough environmental impact assessments and integrate circular economy principles to minimise the ecological footprint of power-to-X projects.

Wood has a custom design optimisation approach for green hydrogen projects. We work with our clients to determine the critical project requirements, be it target renewable power generation or green hydrogen, green ammonia, green SAF or other production capacity.

Our process and plant designs consider the installation location and federal and local codes to create a complete project design. We evaluate the combination of all these factors to optimally size our processes to meet the available resources while maximising production. We incorporate the estimated constructability of the project to further optimise your designs.

Our approach involves integrating the most suitable renewable energy sources, selecting efficient electrolysers and designing for modularity. We also use simulation tools to optimise process flows and energy usage.

We have more than sixty years of experience in hydrogen, six years of experience specifically developing green hydrogen projects and a long-standing history of energy and power project developments.

Our track record in the industry is unparalleled, and we bring extensive knowledge and practical experience from both the renewable energy and process sides.

We have extensive experience navigating the supply chain for green hydrogen, including sourcing sustainable materials, managing logistics and ensuring timely delivery of components.

Wood has established relationships with more than 20 of the top electrolyser vendors, which allows us to keep up with the latest manufacturing capabilities, production timelines and technology developments.

Our interdisciplinary team includes experts in renewable energy, electrochemistry, electrical power design, systems integration, financial and market analysis and risk assessment, ensuring a comprehensive approach to each project.

With a portfolio of over 50 successful power-to-X projects, Wood has demonstrated expertise in diverse environments, adapting to various regulatory and market conditions to deliver optimal solutions.

We focus on economies of scale, process optimisation and strategic sourcing to reduce costs.

Our P2Xpert design tool applies expert-validated models to rapidly find optimal design configurations, resulting in significant cost savings.

Additionally, we explore innovative financing and operational models to achieve competitive levelised costs.