Yesterday, a delegation of CEOs from the Renewable Hydrogen Coalition met with European Commission Executive Vice-President Maroš Šefčovič to discuss key issues including the Hydrogen Bank and the European industry's competitiveness. What is the outcome of this discussion? 1️⃣ The need for a global level playing field to maintain and strengthen a resilient value chain in Europe. Introducing a resilience criterion on electrolyser sourcing in the European #HydrogenBank second auction is key. EVP Maroš Šefčovič acknowledged this, stating that as competition dynamics have shifted, so should the rules. 2️⃣ Real success means projects built in Europe. While the results of the Hydrogen Bank's first pilot auction show a dynamic market in Europe, low subsidy bids do not mean low renewable hydrogen production cost. The green premium remains high for offtakers in hard-to-electrify sectors to commit to large-scale investments over ten years. 3️⃣ Bridging the cost gap between renewable hydrogen and conventional incumbents is a must if Europe wants to scale-up. The European #HydrogenBank is the right tool for this, but its limited budget calls for relaxing temporarily cumulation rules to close this gap. Decisive action is required. Now is the time to stay the course, deliver the #GreenDeal, and make it a true industrial growth strategy for Europe, with international competitiveness at its core. Read more in our manifesto here: https://lnkd.in/eUsq6h4H Thank you again, EVP Maroš Šefčovič, for welcoming our delegation of CEOs: Olivia Breese (Ørsted), Dr. Sopna Sury (RWE), Ana Quelhas (EDP Renewables), Håkon Volldal (Nel Hydrogen), Peter Friis (Green Hydrogen Systems) and Kim Hedegaard (Topsoe).
Peter Hjortsoe
1mo
Renewable Hydrogen Coalition leaving a screen dump of my comment as critical comments have dissipated from your posts in the past
Peter Hjortsoe
1mo
H2 grifters asking for more subsidies and regulatory capture... EU taxpayers beware.
optimetron.com
1moWe should learn to leave nature alone by having production and consumption sites in the same place (e.g. cities, industrial areas, and buildings) this way, the double destruction of nature and cities can be avoided and much less energy transport will be needed. In addition, if you follow our solution, you will help make the world more peaceful. You know that most wars are fought over resources. https://youtu.be/x0nuCIOGvLs?si=Ik8RPyKpLqXMjpL1