Over the last two years, the pressure has intensified to decarbonise all facets of our lives. There are multiple options available but according to the International Energy Agency (IEA), the time is ripe to tap into hydrogen’s much vaunted potential contribution to a sustainable energy system.
Many countries in Europe and Asia have taken the opportunity of their post-pandemic economic recovery plans to roll out ambitious hydrogen strategies. The ongoing conflict in Ukraine has also highlighted the risk to the global energy supply and relying on natural gas from Russia.
France has recently announced a €7bn package to build a carbon-free hydrogen industry. Germany issued a similar program of €9bn and that has intensified as their reliance on Russian gas is threatened. In July, the European Commission said it is looking to increase its production capacity of electrolysers from 250MW today to 40GW in 2030. Similar strategies have been released by the UK, Australia, and Asian countries. These are just some of the most recent announcements, but they show a clear trend towards massive public investments in the sector.
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