Hydrogen: A Realistic Plan to Deliver on Europe’s Ambitious Strategy
After a few false starts, the current momentum for hydrogen is unprecedented in the technology’s lifetime. Over the past few months alone, governments around the world have come forward with ambitious strategies worth billions, analysts have converged in anticipation of significantly falling costs, and broader business and stakeholder interest has surged – especially in the context of economic rebuild post-COVID-19 and hydrogen’s potential to support the decarbonisation of traditionally hard to abate sectors.
In particular, the bold vision published in the EU’s “A hydrogen strategy for a climate neutral Europe” (the EU Hydrogen Strategy) has reframed the global discussion. Hydrogen has firmly entered the next stage of its journey to scale market. The question is no longer “if” hydrogen has a role to play in the energy transition; focus has firmly shifted to exactly “how” its potential can be realised, scaled and rolled out.