European Commission President Ursula von der Leyen has announced a substantial growth in the investment for hydrogen within Europe.
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Europe is at risk of losing its lead in hydrogen technology. China and the USA are advancing faster, warns a study by Boston Consulting Group (BCG). Europe still benefits from earlier advantages in materials, efficiency, and longevity of plants. However, this lead is diminishing.
CMMZE has unveiled a new initiative aimed at producing 180 thousand tons of green hydrogen annually to serve the European market.
Seven hydrogen projects across Finland, Norway, Portugal, and Spain will receive EUR 720 million ($771.6 million) from the European Hydrogen Bank. This initiative aims to boost hydrogen production by covering the cost gap between renewable hydrogen and its non-renewable counterpart.
Provaris Energy and Norwegian Hydrogen have signed a Memorandum of Understanding (MoU) with Uniper Global Commodities SE to explore the development of a regional hydrogen supply chain in Europe.
The new volume, “The Geopolitics of Hydrogen: European Strategies in Global Perspective,” delves into how Europe is positioning itself in this evolving landscape.
The recent discovery of significant natural hydrogen reserves in France has sparked a wave of enthusiasm across Europe.
The transition to a climate-neutral Europe requires significant amounts of hydrogen, especially for sectors where direct electrification isn’t feasible, such as long-haul aviation and heavy industry.
Europe faces a critical juncture in its industrial future as it seeks to meet stringent CO2 reduction targets and integrate green hydrogen into its energy mix.
The global supply of low-carbon hydrogen is set to be dominated by the US, Europe, and China by the end of the decade, driven by strong regulatory support and ambitious growth targets, according to a recent report by BloombergNEF (BNEF).
