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

Why are public guarantees so essential for cleantech manufacturers in this early market stage? ⚡ Sunfire secured a term loan agreement of up to €100 million with the European Investment Bank (EIB). This capital will accelerate the development and industrialisation of Sunfire's innovative high-temperature solid oxide electrolysers (SOEC), boasting a record efficiency of 84%. Public guarantees are essential as they shift risk from commercial banks to the EIB’s balance sheet, creating new guarantee lines for cleantech projects. This is vital for boosting #cleantech manufacturing in Europe, strengthening the EU's global #competitiveness, and securing the #energytransition. Want to know more? Read our article here: https://lnkd.in/dPvZSehF

Battolyser Systems introduces the world's first electrolyser with a battery capacity, the Battolyser®! How does it work? 💧 It produces hydrogen when affordable renewable power is available. ❌ Halts production when renewable power is not available. 🔁 Uses stored electricity in the battery to either continue hydrogen production or return power to the grid. This breakthrough offers 100% flexibility and the lowest long-term energy costs for renewable hydrogen production, crucial for allowing more projects to reach final investment decisions and enabling scale-up. Interested in learning more? Read our article here: https://lnkd.in/eBkfKz_e

Congratulations Ursula von der Leyen on your re-election as President of the European Commission for a second term 👏 Your Political Guidelines for the Next European Commission 2024-2029 hold great promise. Four priorities deserve immediate attention: 1️⃣ Scaling up investments in renewables and renewable hydrogen by maximising public investment. Real success means actual projects taking place in Europe. Bridging the producer-offtaker cost gap must be the top focus if Europe wants to turn its ambition into action. 2️⃣ Ensuring the competitiveness of the European industry by providing access to affordable, renewable, and secure energy supplies and raw materials through a new Clean Industrial Deal. 3️⃣ Introducing a new European Competitiveness Fund to ensure the future of the clean tech industry is made in Europe and that our sector can rely on a resilient value chain. 4️⃣ Making business faster and easier in Europe by ensuring speed, coherence, and simplicity. Staying committed to our 2030 and 2050 goals as our growth strategy and deepening the Single Market. We look forward to working with the next European Commission to deliver these priorities and stand ready to support ensuring that "Europe is decarbonising and industrialising at the same time." Read our priorities for 2024-2029: https://shorturl.at/s5lzE

Pre-register now for the Renewable Hydrogen Summit 2024! 📅 November 7, 2024 📍 Brussels As the new European political leadership takes office, join Europe’s top renewable hydrogen gathering on November 7, 2024 in Brussels, where CEOs from leading European companies and key policymakers will discuss and shape the energy, security and competitiveness agenda for the next five years. Learn more about the programme and pre-register here: https://lnkd.in/dtfBZFNc #RHS2024 #RenewableHydrogen

Political groups in the European Parliament are unveiling their priorities for the upcoming legislative term. A common focus has emerged: boosting the competitiveness of Europe's industry through a strong industrial policy that promotes European manufacturing standards, bringing wealth and quality jobs across the continent. This priority is especially significant for the European #electrolyser industry. Europe has been at the forefront of developing cutting-edge electrolyser technologies, supported by billions in public funding for research, development, and demonstration. As a result, today nine out of the fifteen leading global electrolyser manufacturers are based in Europe. But this leadership is now at risk. To maintain its position in this strategic sector, Europe must strengthen its manufacturing capabilities and protect its single market against unfair competition. Explore François Paquet's insights on the vital steps needed to build a resilient, homegrown renewable hydrogen industry ⤵ https://lnkd.in/e-7R6QhF

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