Continued development of hydrogen innovation and industry in Europe is essential. As hydrogen technology matures and pressure to decarbonise increases, it is time to move to large-scale deployment for independent energy supplies and value chains that can resist global shocks.
The technology is becoming a commercially viable solution for industry, transport and homes in ways only hoped for a few years ago. As clean hydrogen production scales up and applications increase, the EU’s target price of €1.8 per kilo by 2030 is within reach and looking increasingly competitive against hydrogen produced from natural gas.
Moreover, in the recently announced communication REPowerEU: Joint European Action for more affordable, secure and sustainable energy proposes to boost hydrogen production and imports to 20mt by 2030.
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