Renewable Hydrogen Coalition

Renewable Hydrogen Coalition CEOs Urge New EU Leaders for Immediate Actions to Scale UP Renewable Hydrogen Tomorrow, Member States will meet to appoint the next President of the European Commission, to be confirmed by the newly elected European Parliament. With its European #GreenDeal, the current Commission played a crucial role in supporting the nascent renewable hydrogen industry, bringing much needed regulatory certainty and strong targets for its uptake in hard-to-electrify sectors. However, the journey is far from over. The cost of renewable hydrogen is still too high compared to incumbents, and the European electrolyser industry faces unfair competition from other global powers, threatening its ability to thrive in Europe. The new European Parliament and the next Commission President should stay the course and focus on delivering the Green Deal as Europe's growth strategy, with international competitiveness of the European industry at its core. This is why CEOs of leading European companies have united to urge policymakers to account the following as priorities: 1️⃣ Set strong EU funding to massively scale up renewable hydrogen production and bring its cost down. 2️⃣ Adopt a robust European industrial strategy to build a competitive and resilient value chain in Europe as a matter of strategic industrial autonomy and security. The future of our industry depends on it. Policymakers, the time to act is now! Learn more in our Manifesto: https://lnkd.in/eUsq6h4H

A useful exchange with #RenewableH2EU representatives. The European Commission plans to launch a second European #Hydrogen Bank auction by the end of 2024. This tool contributes to the scale-up of 🇪🇺 H2 projects and ultimately, to the decarbonisation of our economy. Engagement is the key to success.

Yesterday, a delegation of CEOs from the Renewable Hydrogen Coalition met with European Commission Executive Vice-President Maroš Šefčovič to discuss key issues including the Hydrogen Bank and the European industry's competitiveness. What is the outcome of this discussion? 1️⃣ The need for a global level playing field to maintain and strengthen a resilient value chain in Europe. Introducing a resilience criterion on electrolyser sourcing in the European #HydrogenBank second auction is key. EVP Maroš Šefčovič acknowledged this, stating that as competition dynamics have shifted, so should the rules. 2️⃣ Real success means projects built in Europe. While the results of the Hydrogen Bank's first pilot auction show a dynamic market in Europe, low subsidy bids do not mean low renewable hydrogen production cost. The green premium remains high for offtakers in hard-to-electrify sectors to commit to large-scale investments over ten years. 3️⃣ Bridging the cost gap between renewable hydrogen and conventional incumbents is a must if Europe wants to scale-up. The European #HydrogenBank is the right tool for this, but its limited budget calls for relaxing temporarily cumulation rules to close this gap. Decisive action is required. Now is the time to stay the course, deliver the #GreenDeal, and make it a true industrial growth strategy for Europe, with international competitiveness at its core. Read more in our manifesto here: https://lnkd.in/eUsq6h4H Thank you again, EVP Maroš Šefčovič, for welcoming our delegation of CEOs: Olivia Breese (Ørsted), Dr. Sopna Sury (RWE), Ana Quelhas (EDP Renewables), Håkon Volldal (Nel Hydrogen), Peter Friis (Green Hydrogen Systems) and Kim Hedegaard (Topsoe).

Renewable Hydrogen Coalition CEOs urge EU leaders to act now! 👊 Tomorrow, Member States will appoint the next President of the European Commission. With the European Green Deal, the current Commission has supported renewable hydrogen, but challenges remain. The cost of renewable hydrogen is still high, and the European electrolyser industry faces global competition. The next European Parliament and Commission President must: 🟣 Set strong EU funding to massively scale up renewable hydrogen production and bring its cost down. 🟣 Adopt a robust European industrial strategy to build a competitive and resilient value chain in Europe as a matter of strategic Policymakers, it's time to act! Learn more in our Manifesto: https://lnkd.in/eUsq6h4H 

“𝗣𝗼𝗹𝗶𝗰𝘆𝗺𝗮𝗸𝗲𝗿𝘀. 𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗶𝘀 𝗼𝘂𝗿𝘀 𝘁𝗼 𝘀𝗵𝗮𝗽𝗲. 𝗟𝗲𝘁’𝘀 𝗮𝗰𝘁 𝗻𝗼𝘄 𝘁𝗼 𝘂𝗻𝗹𝗲𝗮𝘀𝗵 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗼𝗳 𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗵𝘆𝗱𝗿𝗼𝗴𝗲𝗻. 𝗪𝗲 𝗻𝗲𝗲𝗱 𝘆𝗼𝘂 𝘁𝗼 𝗮𝗰𝘁 𝗻𝗼𝘄.” As part of the Renewable Hydrogen Coalition, CEOs of leading European companies, including our CEO Nils Aldag, were featured in a video - underlining the important role of green hydrogen for Europe and calling for immediate actions to scale up the industry. 📅 Tomorrow, Member States will meet to appoint the next President of the European Commission, to be confirmed by the newly elected European Parliament. With its European #GreenDeal, the current Commission played a crucial role in supporting the nascent renewable hydrogen industry, bringing much needed regulatory certainty and strong targets for its uptake in hard-to-electrify sectors. However, the journey is far from over. The new European Parliament and the next Commission President should stay the course and focus on delivering the Green Deal as Europe's growth strategy, with international competitiveness of the European industry at its core: 🎯 Set strong EU funding to massively scale up green hydrogen production and bring its cost down. 🎯 Adopt a robust European industrial strategy to build a competitive and resilient value chain in Europe as a matter of strategic industrial autonomy and security.   The future of our industry depends on it. Policymakers, the time to act is now! 👉 Learn more in our Manifesto (link in the comments).   #HydrogenIsTheAnswer #EUElections2024

“Green hydrogen has a very important role to play in the decarbonisation of our economies.” This is the statement I make at the beginning of the video by the Renewable Hydrogen Coalition to emphasise that green hydrogen is a key factor in the energy transition. Not only that, it is also a promising market for technology made in Europe. The current European Commission has supported the renewable hydrogen industry with its Green Deal, which was a significant step forward. However, this journey is far from over, and the new Commission needs to stay the course in the next legislative period and strengthen the industry. This can be addressed by prioritising the following points: ▪️ Providing strong EU funding to massively scale up renewable hydrogen production and bring its cost down. ▪️ Adopting a robust European industrial strategy to build a competitive and resilient value chain in Europe as a matter of strategic industrial autonomy and security. “We need you to act now” are my words to the policymakers at the end of the video, as I am certain that green hydrogen technology from Europe has a bright future, provided the right framework is set up.

 👋🏽 Dear new EU Leaders – the Renewable Hydrogen Coalition is urging Immediate Actions to Scale UP Renewable Hydrogen! Tomorrow, the Member States will point out the next President of the European Commission . A Commission that has played a vital role in supporting the nascent #renewablehydrogen industry, increasing regulatory certainty,and enshrining strong targets for its uptake in hard-to-electrify sectors. The EU regulatory framework to kick-start the #renewablehydrogen sector has been 90% concluded. That’s a great achievement.   …However, the journey is far from over…  The cost of renewable hydrogen needs to be brought further down and the European electrolyser industry faces an uneven competition with other global powers, threatening its ability to continue thriving in Europe.The newly elected European Parliament and the next Commission President should stay the course to help setting-up well-structured markets with clear demand signals for green hydrogen, enabling more and larger projects with greater speed. As co-chair of the Renewable Hydrogen Coalition #RHC I want to emphasize that we need future policies to:  👉🏽 Streamline and well-focus EU funding to help scale up renewable hydrogen production and bring its cost down. 👉🏽 Adopt a robust European industrial strategy to build a competitive and resilient value chain in Europe as a matter of strategic security.  This is a pivotal moment of time in the renewable hydrogen industry and we’re calling for policy makers to treat it as such.

📢 Alongside 39 investors, industry associations, researchers, and NGOs, we urge the European Investment Bank (EIB) to extend public #guarantees to strategic clean technologies, including #electrolysers. This Friday, the EIB Board of Governors will approve its new Strategic Roadmap for 2024-2027. It is crucial that they include the expansion of public guarantees (for both manufacturing and loans) to strategic cleantech sectors to boost manufacturing capacity. Here's why 👇 💰 Many cleantech sectors in Europe are under pressure due to the substantial investments made by other global players. Without a targeted solution, European manufacturers and supply chains will lose their competitive edge, undermining Europe’s industrial base. ⚡ By transferring risk from commercial banks to the EIB's balance sheet and the European budget, European banks can establish new guarantee lines for cleantech projects and promote bank lending to cleantech manufacturing. 👷♀️ Guarantees are essential to scale-up Europe's cleantech manufacturing significantly, reinforce the global competitiveness of EU green industry and secure Europe’s energy transition and resilience.  Read our joint letter ⤵

📣 Together with over 400 cross-sector organisations, we call on EU leaders to confirm the Green Deal as a strategic priority in the next EU mandate.   The EU Green Deal is the foundation of a competitive, secure, modern and efficient Europe.   🤝 Together, signatories from across the economy, remind EU leaders that delivering the EU Green Deal is the best strategy for securing Europe's competitiveness and prosperity, providing much-needed clarity and stability to Europe's businesses and citizens.   Let’s not gamble on our future, let’s build it.    Read the full joint statement here 👉  https://lnkd.in/ePbQtgEe #GreenDealforEU

📢 Today, the European Commission announces a budget of €1.2 billion for the second auction of the European #HydrogenBank. This amount is €1 billion less than promised, falling short of delivering the necessary scale. The variety of submitted projects and competitive bids in the first pilot auction demonstrate the industry's readiness. Yet, most of the projects could not be supported. And the green premium paid by offtakers remains too high if we are to scale up. Meanwhile, the global competition is intensifying, and time is running out. Europe risks losing the race for future-proof jobs, industries, and cleantech. To ensure the success of the second auction, we recommend the following: ☑ The bank must remain focused on renewable hydrogen and its derivatives, the most compatible option with climate neutrality and energy security goals. ☑ Its budget must be increased to kick-start EU market and meet the EU RFNBO targets. ☑ Cumulation of funding should be allowed under certain conditions due to the bank's limited budget. ☑ Include a resilience pre-qualification criterion as part of the electrolyser procurement strategy to maintain and strengthen the European supply chain, creating value for Europeans. Implementing these recommendations will ensure that the bank achieves its purpose: deploying the first wave of industrial-scale projects with speed and simplicity, unlocking the entire value chain, delivering economies of scale, and helping us reach our targets. You can read our other key asks in our position paper below ⤵