According to European Union Energy Commissioner Kadri Simson, establishing a place for low-carbon hydrogen in Europe’s economies will help protect against the kinds of energy price increases already rippling through the bloc’s power markets.
“I believe hydrogen may play a major role in reducing future price spikes by reducing demand and enabling large-scale storage,” Simson said at a Brussels event.
Green hydrogen, created by splitting water molecules with renewable power, is being pushed for investment by the European Union and numerous worldwide firms in the hopes of replacing polluting fuel in heavy industries.
