Chemical Energy Conversion as Enabling Factor to Move to a Renewable Energy Economy

The role of chemical energy storage and solar fuels as key elements for the sustainable chemical and energy production is discussed in this concept paper. It is shown how chemical energy storage, with the development of drop-in carbon-based solar fuels, will play a central role in the future low-carbon economy, but it is necessary to consider its out-of-the-grid use, rather than being limited to be a tool for smart grids. Related aspects discussed are the possibility to: (i) enable a system of trading renewable energy on a world scale (out-of-the-grid), including the possibility to exploit actually unused remote resources, (ii) develop a solar-driven and low-carbon chemical production, which reduces the use of fossil fuels and (iii) create a distributed energy production, going beyond the actual limitations and dependence on the grid.