EU Hydrogen strategy for a climate-neutral Europe
On July 8th, the European Commission published its strategic roadmap setting out the vision of how EU can turn clean hydrogen into a cost-competitive solution to decarbonise its economy. It will require a strong investment agenda and supportive policies to create the market demand and the large-scale production and transport infrastructures that are needed. The strategy aims at installing at least 6 GW of renewable hydrogen electrolysers in the EU by 2024 and 40 GW by 2030. And to provide the necessary electricity, €220-340 billion of investments would be needed from now to 2030 to scale up and directly connect 80-120 GW of solar and wind energyproduction capacity to the electrolysers, the document states.