At the European Electrolyser Summit in Brussels, 20 executives signed a Joint Declaration with the goal of paving the way for the REPowerEU’s proposed Hydrogen Accelerator to achieve its goals.
The European Commission, in collaboration with Hydrogen Europe and the European Clean Hydrogen Alliance, hosted the event.
Thierry Breton, Commissioner for the Internal Market, Jorgo Chatzimarkakis, CEO of Hydrogen Europe, and 20 CEOs and executives from companies including Advent, Bosch, Convion, Cummins, De Nora, Elogen, Enapter, Genvia, Green Hydrogen Systems, Helbio, H2B2, HyStar, John Cockerill, McPhy, Nel Hydrogen, Siemens Energy, SOLIDpower, Sunfire, Thyssenkrupp nucera,
According to the Joint Declaration, Europe’s leading electrolyser manufacturers have agreed to increase their manufacturing capacity in order to reach a combined annual electrolyser manufacturing capacity of 17.5 GW in Europe by 2025, and to increase that capacity further by 2030 to meet projected demand for renewable and low-carbon hydrogen.
The Joint Declaration also includes the three pillars listed below:
Regulatory framework: Assuring a supportive regulatory framework through adequate permitting rules and a commitment to uphold the ambitious targets set out in the revision of the Renewable Energy Directive and the Alternative Fuels Infrastructure Regulation Proposal.
Access to finance: Improving access to capital by expanding the Innovation Fund to include innovative zero and low-carbon equipment manufacturing, such as electrolysers. Accessing state aid to de-risk investments and putting in place Carbon Contracts for Difference to further incentivize the wide-scale deployment of clean hydrogen technologies are also options cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval cheval
Supply chain integration entails expanding R&D and ensuring the availability of required components and materials at the appropriate scale.
