Dogged Pursuit Of Green Hydrogen Continues In Europe, With An Assist From The US
AI-summarised brief · reviewed before publication
The global green hydrogen industry has experienced ups and downs, with Europe's efforts to decarbonize the hydrogen supply chain facing challenges due to high costs and lack of off-takers. Despite this, a new wave of activity has begun, driven by national security concerns and the war in Ukraine. The EU has proposed integrated "hydrogen valleys" with green hydrogen production facilities, transportation, storage, and offtakers. US fuel cell and green hydrogen startup Plug Power has launched a 30-megawatt project in the UK, which has reached the final investment decision stage, and will supply green hydrogen to a manufacturing plant, reducing natural gas consumption by 50%. Estonia's Stargate Hydrogen is also advancing its electrolyzer system. Europe remains a strategic growth market for Plug Power, with a pipeline exceeding $2 billion.
💡 Why It Matters
- · National security concerns are driving investment in green hydrogen, as reliance on Russian aggression underscores the need for locally sourced energy.
- · Plug Power's expansion into Europe highlights the potential for US companies to play a key role in the region's energy transition.