EU hydrogen policy mired in complexity
The EU’s policy regime is designed to stimulate both the supply of and demand for hydrogen, but may end up discouraging the corporate appetite for the risk needed to get to FID
The EU is close to finalising a regulatory regime designed to stimulate the growth of its hydrogen economy. But industry figures believe some aspects will have to be revised in the next few years if the bloc wants to boost the sector to compete globally. The EU is home to 201 projects of more than 20MW at the memorandum of understanding stage, according to IEA data, but only 19 projects have taken FID—and none that require offtake from a third party. “In terms of the raw number of projects proposed and announcements, there are many more projects in the EU versus the US. But there are more projects moving to FID in the US,” says Daryl Wilson, executive director of industry body the Hydrogen C
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval