Industrialisation
With only 5% of global hydrogen production coming from non-emitting sources, the green hydrogen economy is in its infancy. Technologies for the production of green hydrogen, by electrolysis of water, exist on a small scale, but no solution is currently available to respond to the change of scale necessary in the years to come, with adequate profitability and reliability.
Decarbonisation
In this context, the decarbonisation of our industries and mobility systems is essential. Hydrogen, produced from non-emitting sources (green hydrogen), either as a raw material for industry or as an energy carrier, is key for the transformation of Europe into a climate-neutral continent.
Low carbon hydrogen
There is a now a consensus among academia, industry and political leaders that decarbonisation cannot be based on a model relying exclusively (or quasi exclusively) on electricity. A ‘hybrid’ electricity-hydrogen model will be far more economically efficient than an ‘electricity only model, and would save EU hundreds of billions of euros per year according to recent studies. Hydrogen will be vital to complement and balance intermittent renewable energy sources, by providing a mean of storage.