Maximizing Europe’s Green Hydrogen Supply
The EU will need both locally produced and imported hydrogen to keep industrial sites operational while replacing gas, coal, and oil in energy-intensive sectors.
To rapidly reduce reliance on Russian fossil fuels, the EU recently set one of the most ambitious hydrogen deployment targets in the world: to deploy 20 million tons of renewably produced hydrogen as a fuel and a feedstock by 2030. Still, with significant public funding promised to new green hydrogen producers in the United States, some advocates in Europe have expressed concern that the EU will lose out on investments in new hydrogen facilities.
But hydrogen market growth is not a zero-sum game, and the EU stands to gain from growing global support for ramped up green hydrogen production, in which renewable electricity powers electrolyzers that…