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H2 Forum | Hydrogen 2024

Published on 25 July 2024
Reading time 1min

Empowering the future of hydrogen

european economics was part of the 4th H2 Forum held on February 19-20th in Berlin as a Platinum Sponsor.

This forum brings together the entire hydrogen value chain on-site in Berlin and online to network and exchange ideas.

Mark your calendar for our must-see session on the main stage on February 19th at 16.15 – 16.30 CET
Public funding: the challenging venture of clean hydrogen projects in Europe
presented by Marc ISABELLE, Founder & CEO.

We invite you to join us at the H2 Forum virtually. Find detailed information here: https://www.h2-forum.eu/invitation-european-economics

Technologies, innovations and use cases | Q&A – H2 Forum 2024 from IPM AG on Vimeo.

“The European green hydrogen market has long been trapped into a chicken-and-egg problem, the demand waiting for the supply and vice-versa. The four Hy2x IPCEIs started in 2020 had the objective to unlock this situation. But in 2022, the clean hydrogen industry started facing strong headwinds: costs and cost expectations have risen substantially. In the short term, the solution hinges on public funding again.”

Marc ISABELLE, PhD, Founder & CEO, european economics

Hydrogen is considered a key sector for Europe to achieve carbon neutrality by 2050. Significant public funding is earmarked for the development and industrialisation of electrolysers and fuel cells, as well as for hydrogen-based decarbonisation projects and for transport and distribution infrastructure projects.

Massive volumes of green and low-carbon hydrogen will need to be produced in the coming decades to decarbonise CO2-intensive industries such as steelmaking, refineries, cement, chemicals… Hydrogen will also be used for heavy mobility (trucks, ships, trains) and for the storage of renewable and intermittent energy sources like solar photovoltaic and wind.

The European Union has set the objective of achieving an installed capacity of 40 GW of electrolysers by 2030. In July and September 2022, the European Commission approved two IPCEIs (Important Projects of Common European Interest) which should make it possible to kickstart the development of the European market for green and low-carbon hydrogen. As part of the IPCEI Hy2Tech, 15 Member States are financing €5.4 billion for the implementation of 41 projects primarily focused on the manufacturing of electrolysers and fuel cells. The IPCEI Hy2Use, on the other hand, mobilises €5.2 billion in public funding from 13 Member States for 35 projects aimed at deploying hydrogen usage in industry.

Two additional IPCEIs on hydrogen are currently under evaluation by the European Commission: Hy2Infra for the deployment of hydrogen transport and distribution infrastructure, and Hy2Mobility for hydrogen applications in mobility. In 2022 and 2023, several billion euros have also been granted by certain Member States to decarbonise, with hydrogen, strategic sectors such as steelmaking.

european economics has supported 59 projects across the green and low-carbon hydrogen value chain with a total public funding amounting of €11.6 billion.


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