Europe's Push for Renewable Hydrogen at Brussels Summit
Key Ideas
  • Europe's focus on accelerating clean lead markets and prioritizing infrastructure for large scale hydrogen projects.
  • Significant investments in renewable hydrogen production with the EU contributing a third of global investments in electrolysers.
  • Renewable hydrogen seen as crucial for hard-to-electrify sectors like heavy industry, aviation, and shipping to aid in decarbonisation.
CEOs, policymakers, and stakeholders gathered in Brussels for the Renewable Hydrogen Summit, highlighting Europe's commitment to renewable hydrogen. President Ursula von der Leyen emphasized the need to accelerate clean lead markets and prioritize infrastructure for large-scale hydrogen projects. The upcoming EU Hydrogen bank auction with €1.2 billion in funding reflects the Commission's support for scaling up renewable hydrogen production. Investments in European hydrogen are expected to grow by 140% in 2024, showcasing a significant commitment to decarbonisation. The Energy Commissioner-Designate reiterated the importance of electrification and flexibility in reducing carbon emissions, with a proposed Electrification Action Plan. Renewable hydrogen is identified as essential for hard-to-electrify sectors like heavy industry and transportation. The Renewable Hydrogen Coalition is actively promoting the role of renewable hydrogen in achieving the EU's decarbonisation goals, aiming to position Europe as a global leader in renewable hydrogen solutions.
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