Urgent Call for Action: Electrolyzer Partnership Appeals to Brussels to Safeguard European Leadership in the Industry
Key Ideas
- The Electrolyser Partnership in Europe urges the European Commission to take action to protect the continent's leadership in electrolyzer manufacturing amidst China's rapid advancement in the sector.
- The group emphasizes the importance of maintaining and strengthening European manufacturing capabilities to ensure industrial competitiveness, strategic autonomy, and economic sustainability.
- European companies are advocating for the implementation of 'resilience criteria' in hydrogen auctions to safeguard local businesses and counter the market distortions caused by China's state subsidies.
- Europe's significant investments in renewable hydrogen have positioned it as a global leader in electrolyzer manufacturing, but the increasing market share of China poses a threat that requires immediate attention.
The Electrolyser Partnership, representing major electrolyzer manufacturers in Europe, has issued a plea to the European Commission to safeguard the continent's leadership in the industry. The group highlights the critical need to bolster European manufacturing capabilities in the face of China's aggressive expansion in the sector. A letter addressed to Ursula von der Leyen stresses the significance of retaining electrolyzer manufacturing in Europe to maintain competitiveness, strategic autonomy, and economic sustainability. With the global market for environmental technologies booming, reaching €184 billion in 2023 and projected to triple by the end of the decade, the group advocates for 'Made in Europe' solutions. While Europe has emerged as a global leader in electrolyzer manufacturing due to investments in renewable hydrogen, the rising dominance of China, fueled by state subsidies, poses a challenge. To address the uneven playing field, the companies propose introducing resilience criteria in hydrogen auctions to support local businesses. The call for action underlines the urgency of protecting European manufacturing capabilities and ensuring a level playing field in the green hydrogen sector.
Topics
Electrolyzer
Renewable Energy
Manufacturing
Global Market
European Commission
Competitiveness
Economic Sustainability
Green Deal
State Subsidies
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