The past few years have borne witness to an ever-increasing momentum for the hydrogen industry in Europe and across the globe. It started with the European Commission’s Hydrogen Strategy and the 2x40GW initiative announced in July 2020.
More recently, tragic events on the European Union’s (EU) borders, namely the invasion of Ukraine, meant that the EU has had to step up its efforts to reduce the continent’s dependence on Russian fossil fuels.
As such, the European Commission’s RePowerEU plan sets a renewable hydrogen production target of 20 million tons by 2030 (10mt in Europe and 10mt imported from outside the EU). This means scaling up installed electrolyser capacities from 3GW to approximately 300GW by the end of this decade.
Now more than ever, the spotlight is on the electrolyser sector. Renewable hydrogen has become a key pillar in EU energy, industrial & climate policies and is recognised as a key enabler in the EU’s efforts to transition to a climate neutral society by 2050.