EU policy delay a greater risk than US competition – HH2E
Wait for publication of Red II and its definition of what can be classed as ‘green’ hydrogen is the biggest hurdle for European projects, German developer tells Hydrogen Economist
Delays to the publication of the EU’s Renewable Energy Directive (Red) II represent the biggest hurdle for hydrogen infrastructure projects in Europe, according to Andreas Schierenbeck, co-founder of German developer HH2E and former CEO of energy firm Uniper. “We need Red II—which has still not been published—to define what green hydrogen is and how it should be produced. At the moment, we have proposals but not European law—that is the main thing that is missing. You have more difficulties declaring FID if you do not have clarity on the regulatory framework,” Schierenbeck tells Hydrogen Economist. The EU may also have to offer additional financial support to match incentives offered by the
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