Position Paper on Renewable Energy Directive Delegated Act on Renewable Fuels of Non-Biological Origin

The European Commission’s Hydrogen Strategy set ambitious targets for renewable hydrogen electrolyser capacity: 2x40 GW in 2030 and 6GW in 2024. We are determined to do our part to turn ambition into a reality. Nel has set a renewable hydrogen cost target of $1.5/kg by 20251 and is already working towards this, among other, by frontloading investment into the upscaling of our manufacturing capacities to enable a rapid increase in installed electrolyser capacity across the EU.