As Power-to-X is still an immature technology risk management is of utmost importance to ensure the safety of people and equipment, and to protect the capital of the project owners.

The desire for a fossil free future inevitably calls for the use of green energy sources and to succeed, we need to be able to convert and store the green power via Power-to-X plants. As Power-to-X is still an immature technology a lot of uncertainty exists in developing this heavy-investment industry.

Hence there is a considerable need for risk management in establishing Power-to-X sites, and it may be hard to establish the total risk as many project owners may lack an overview of all possible factors of failure.

Integrating risk management into financial management

Risk management is a management tool that has been used for years, but now we integrate risk management with financial management. Project management establishes financial reserves for the Power-to-X facility and proper risk management reduces your drawings on the financial reserves considerably as major risks are handled and reduced during the project.

Risk management increases the possibility of succeeding at estimated cost and time

FORCE Technology provides a range of services in risk management. You are able to get assistance from the early concept phase, through all stages of the project as well as in the operation phase.

FORCE Technology can assist you with the following services in risk management:

Risk management services

Experts in failure and damage analyses are a perfect match for managing your risks

FORCE Technology holds vast experience in solving all kinds of failure and damage analysis. Hence, our experts are aware of all kinds of failure modes, which may exist as risks in your projects today. We are ready in assisting you in identifying the risk, handling them, and thus avoid serious failures and damages in your Power-to-X project.

Moreover, our many laboratories and facilities can test and examine materials and components to see if they are the proper match for your production facility.

Please do not hesitate to contact us to learn more about how you can reduce the risks considerably in your Power-to-X projects.