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The electric vehicle industry anticipates a rise in power consumption from 170TWh in 2030 to nearly 300TWh by 2035
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It will support the construction of at least 60MW of electrolysis capacity, with the state aid awarded through a bidding process planned to end in 2023
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The MoU will serve as a framework to support the development of a renewable hydrogen industry and trade across the EU and Egypt, including infrastructure and financing
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They view renewable hydrogen as a ‘key contributor’ to reducing emissions and ensuring energy security
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They have committed to develop an operational roadmap for 2023-24, with concrete joint actions agreed within six months
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It will support the construction of a large-scale electrolyser at BASF’s Ludwigshafen site, which will have an annual production capacity of 54MW
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It will provide Protium with the infrastructure necessary to generate renewable hydrogen, with plans to supply local manufacturers once built
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The IPCEI Hy2Use project is expected to boost the supply of renewable and low carbon hydrogen, helping reduce dependency on the supply of natural gas
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The hydrogen plants must have capacities of at least 100MW and produce at least 10,000 tonnes of hydrogen annually
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It will provide investment over the next four years, with the aim of accelerating production and storage of the technology as well as unlocking additional private investment
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Once fully completed, it will produce at least 300 tonnes of green hydrogen per year
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The Clean Hydrogen Partnership will support projects that boost renewable hydrogen production, reduce its costs and develop storage and distribution solutions
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