Developers of large hydrogen projects need clarity on subsidies and a pipeline of committed customers
email rounding up the latestGreen hydrogen is a key part of the European Commission’s strategy to cut its dependence on Russian fossil fuels and tackle the climate crisis — but economic conditions are putting projects, and targets, at risk.
“The targets are very ambitious,” says Maximo Miccinilli, senior vice-president at FleishmanHillard, a public relations company. “Who is going to take the first risk and roll out a project when inflation and interest rates are going up?” The commission sees green hydrogen — which is produced using water and renewable electricity, for use in place of natural gas, coal and oil — having a role in heavy industry and long-distance road transport.
The commission also said European electrolyser manufacturing capacity would need to be scaled-up “significantly” to meet the expected demand for renewable hydrogen production. Electrolysers are the machines that split water into its constituent molecules of hydrogen and oxygen.
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