The future of hydrogen fuels in Europe and how they can boost economies while overcoming coronavirus losses has been mapped out.
The European Commission published its hydrogen strategy for a climate-neutral Europe.
This strategy brings different strands of policy action together, covering the entire value chain, as well as the industrial, market and infrastructure angles together with the research and innovation perspective and the international dimension, in order to create an enabling environment to scale up hydrogen supply and demand for a climate-neutral economy.
The strategy also highlights clean hydrogen and its value chain as one of the essential areas to unlock investment to foster sustainable growth and jobs, which will be critical in the context of recovery from the COVID-19 crisis.
It sets strategic objectives to install at least 6 GW of renewable hydrogen electrolysers by 2024 and at least 40 GW of renewable hydrogen electrolysers by 2030 and foresees industrial applications and mobility as the two main lead markets.
This report provides the evidence base established on the latest publicly available data for identifying investment opportunities in the hydrogen value chain over the period from 2020 to 2050, and the associated benefits in terms of jobs. Considering the dynamics and significant scale-up expected over a very short period of time, multiple sources have been used to estimate the different values consistently and transparently.
The report covers the full value chain, from the production of renewable electricity as the energy source for renewable hydrogen production to the investment needs in industrial applications and hydrogen trucks and buses.