The European Union has made hydrogen a key plank in its aim to eliminate its greenhouse gas emissions by 2050, with plans to install 40GW of electrolysers this decade – equipment to produce emissions-free hydrogen using water and renewable power.
The EU currently has less than 0.1GW of electrolysers, and is betting on a rapid scale-up to decarbonise steel, heavy transport and chemicals, the latter of which already uses hydrogen produced from fossil fuels.
Of the 228 hydrogen projects announced globally, 55% of them – 126 projects – are in Europe, business group the Hydrogen Council said in its first tally of the global project pipeline, done with consultancy McKinsey.
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