Eberhart Wusterhaus Gomez

Spain is seeking to become a top renewable H2 producer in the EU’s decarbonization strategy Spain hasn’t made any attempt to hide its ambition to become a top green hydrogen producer within the...READ More #solarenergy #windenergy #electrolyzers #Spain #EURecoveryFund #energypolicy #hydrogenindustry #EuropeanUnion #MargretheVestager #RenewableH2 #hydrogenvalleys #Decarbonization

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Shell has taken a Final Investment Decision (#FID) to progress REFHYNE II, a 100-megawatt #renewable proton-exchange membrane (PEM) #hydrogen electrolyser at the Shell Energy and Chemicals Park Rheinland in Germany. The #hydrogensector is proceeding, but what is urgently needed are the final investment decisions (FIDs) and news as the one from Shell today are much needed. There will be more being announced in the next weeks and months. Each one of them is important in this decisive time of the energy and mobility transition.

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How will the EU support for IPCEI Hy2Infra projects impact the development of hydrogen in Europe? The European Commission approved ✍ the Important Project of Common European Interest, “IPCEI Hy2Infra”, to accelerate green hydrogen production across seven member states. Under the project, €6.9 billion in public funding 💲 will be provided, and a further €5.4 billion in private investments is expected. In addition to distribution pipelines, large-scale storage facilities and handling terminals for Liquid Organic Hydrogen Carriers, the project will support 3.2 GW of green H2 production. While this subsidised capacity represents a substantial addition to the current installed electrolysis capacity in Europe (0.3 GW), achieving the EU’s 2030 target of 40 GW will require significantly more effort 💪 . The estimated maximum annual electricity consumption from the subsidised capacity will reach 40 TWh (source: Hitachi Energy analysis), equivalent to 8% of the targeted 2030 electrolysis demand. For comparison, the existing capacity can reach a maximum of 3.6 TWh per year. Wind and solar projects are rapidly connecting to the grid 🚀 , and we are starting to see the important effects of price cannibalisation (see a post from my colleague Ayse Sabuncu https://lnkd.in/dxBmJwGQ). Our European Power Reference Case forecasts indicate that the renewable capacity developments are insufficient to effectively achieve the EU’s 2030 electrolysis target, but there should be renewable electricity available to develop several times more than the IPCEI projects. Do you need to assess the electricity cost for renewable hydrogen production or the levelized cost of hydrogen production to develop your hydrogen electrolysis projects? Hitachi Energy’s Power Reference Case forecast reports include hydrogen production costs across seven European regions and renewable capture prices. Get in touch if you are interested in learning more https://lnkd.in/dUqZi5dx. #HitachiEnergy_EURMarketAdvisory_RefCase #hydrogen #energytransition #Germany #IPCEI #electrictymarket #NetZero #CarbonNeutrality #Decarbonization #CarbonFree #ZeroEmissions #ParisAgreement #ClimateAction #ClimateChange #EUGreenDeal #FitFor55 #REPowerEU

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Renewables: Europe’s Path Forward 🌱🔋 Ursula von der Leyen, re-elected as President of the European Commission, emphasises the importance of renewable energy, calling it "our energy insurance for the future." As Europe navigates political and economic challenges, the push for large-scale investment in clean energy is more crucial than ever. Can Europe match the ambitious energy initiatives of China and the US? Read the full analysis here: https://bit.ly/3WnB0oF

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