European Commission President Ursula von der Leyen has announced a substantial growth in the investment for hydrogen within Europe.
Investments are expected to increase by 140% in 2024. This announcement highlights a significant commitment to expanding the hydrogen sector, which is crucial for maintaining energy security and sustainability
The focus on hydrogen encompasses various aspects such as production, transportation, storage, and technological innovation. This comprehensive approach ensures a robust infrastructure to support hydrogen’s growth.
Europe is advancing developments by establishing hydrogen valleys, hubs, and corridors. These initiatives promote localized production and integration of hydrogen in urban and industrial settings. Valleys and hubs play a crucial role in demonstrating hydrogen’s viability and practicality, encouraging further adoption across the continent.
Strategic regulations and ample funding are set in place to promote hydrogen development. The European Union has devised policies supporting innovation and investment in hydrogen technologies. This regulatory backing is essential for escalating the efforts towards a sustainable hydrogen economy.
