EU's Green Hydrogen Push: Catalysts, Investments, and Energy Security
Key Ideas
- EU supports new green hydrogen technology to reduce dependence on Russian and US gas.
- Innovators are developing low-iridium or no-iridium catalysts like Stargate Hydrogen's 'Stardust' ceramic-based catalyst.
- Stargate Hydrogen secures €11 million in Series A funding and collaborates with Finnish utility Fortum for a green hydrogen production facility.
- Europe and the US witness a surge in green hydrogen activity, with companies like Electric Hydrogen and INERATAC making significant investments.
The European Union is actively supporting new green hydrogen technology to lessen reliance on Russian and US gas. Innovators are working on developing low-iridium or no-iridium catalysts for green hydrogen production. For instance, Estonian startup Stargate Hydrogen has introduced the 'Stardust' ceramic-based catalyst, which promises cost efficiency, energy savings, and durability. The company has recently received €11 million in Series A funding and partnered with Finnish utility Fortum for a green hydrogen production facility. Stargate's technology is recognized under the EU's Important Project of Common European Interest program, highlighting its potential for widespread adoption. Estonia, along with other Baltic states, is also focusing on enhancing their energy security through investments in green hydrogen. In the US, companies like Electric Hydrogen and INERATAC are making substantial investments in green hydrogen technologies. Despite obstacles, the green hydrogen sector is experiencing growth globally, with a recent surge of activity observed in Europe.
Topics
Europe
Green Hydrogen
Renewable Energy
Energy Security
Green Technology
Catalysts
EU
Investments
Low-carbon Future
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