Europe's Renewable Hydrogen Summit: Empowering a Green Industrial Revolution
Key Ideas
  • European Commission President highlights the significant progress in the renewable hydrogen sector, with Europe leading global investments in electrolysers and witnessing a surge in renewable hydrogen projects.
  • Newly appointed co-chairs of the Renewable Hydrogen Coalition, Ana Quelhas and Kim Hedegaard, emphasize the importance of boosting competitiveness and scaling up renewable hydrogen through efficient public funding.
  • Challenges in the current electricity system, such as grid congestion, need to be addressed to make renewable hydrogen more affordable and accessible, ultimately driving the transition to green energy.
  • The focus is on scaling up the renewable hydrogen economy, building a competitive value chain, and achieving decarbonisation targets with the support of new EU policymakers and industry collaborations.
CEOs, policymakers, and stakeholders recently gathered in Brussels for the Renewable Hydrogen Summit, marking the appointment of new leadership for Europe's renewable hydrogen sector. European Commission President Ursula von der Leyen praised the progress, noting investments in European hydrogen set to grow by 140% in 2024. The new co-chairs, Ana Quelhas and Kim Hedegaard, highlighted the need to enhance the competitiveness of renewable hydrogen by streamlining public funding. They emphasized the importance of overcoming challenges in the electricity system to make renewable hydrogen more affordable. Kim Hedegaard stressed the European Hydrogen Bank's resilience criterion as crucial for scaling up manufacturing and strengthening Europe's industrial leadership. The focus is on building a competitive renewable hydrogen value chain to achieve decarbonisation goals and foster green growth, turning the Green Deal into a successful Clean Industrial Deal. The Renewable Hydrogen Coalition plays a vital role in advocating for renewable hydrogen to drive the EU's decarbonisation objectives and position Europe as a global leader in sustainable energy solutions.
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