Galán calls on Brussels to accelerate investment in green hydrogen

Galán calls on Brussels to accelerate investment in green hydrogen

Iberdrola’s Chairman and Iberdrola Energy Commissioner Kadri Simson shared in the Green Hydrogen Summit
Ignacio Galán has defended the eventuality of renewable hydrogen to achieve the ideal of reducing imported fossil energies, as set out in the REPowerEU plan
Iberdrola has blazoned investments of 3 billion euros in green hydrogen in the coming times
The Chairman of the Iberdrola Group, Ignacio Galán, together with the Commissioner for Energy, Kadri Simson, shared in the Green Hydrogen Summit held in Brussels to bandy the programs demanded to accelerate the relinquishment of renewable hydrogen in Europe and enable the perpetration of the European Commission’s REPowerEU plan, with the end of reducing dependence on reactionaryimports.The meeting, organised by the Renewable Hydrogen Coalition( RHC), brought together representatives from leading companies in the sector, EU decision- makers and hundreds of stakeholders to bandy the donation of green hydrogen to decarbonisation and energy independence. The European Commission estimates that an acceleration of green hydrogen and its derivations would reduce the EU’s dependence on natural gas from Russia by roughly 27 bcm( 27 billion boxy metres). The president of Iberdrola, Ignacio Galán, and president of the RHC since last September, complimented the European Commission” for its strong leadership in REPowerEU”, which should be accompanied by” stable and favourable programs that stimulate force and demand and drive investment”. Galán assured that” renewable hydrogen is a result for moment and for the future. It can significantly replace imported fossil energies and the contaminating hydrogen manufactured from them”. In this sense, he stressed that” the members of the Renewable Hydrogen Coalition are helping to meet the EU’s climate and energy ambition, making our mainland cleanser and stronger thanks to home- grown hydrogen with European technologies”. Energy Commissioner Kadri Simson stressed that” we need to diversify down from Russian reactionary energies. This means accelerating the ecological transition. Renewable hydrogen plays a pivotal part in decarbonising assiduity and transport that’s delicate to exhilarate. We need it for the earth, for our independence and for energy force security. With RepowerEU, we plan to emplace this result briskly, taking our EU Green Deal intentions to the coming position and giving us the tools to make it be.” In this environment, the RHC calls on policy- makers to take the following measures without detention
Borrow a description of renewable hydrogen. The coalition welcomes the draft legislation proposed by the EC and recognises the important sweats made to more reflect the reality of systems lengthy and complex authorisation procedures decelerate down the deployment of renewables that Europe needs to meet its energy climate targets. To meet REPowerEU’s ambition, renewable hydrogen force must be allowed to increase and its business cases must be secured.
Speed up permitting for renewables and also for renewable hydrogen installations, in the interest of the public and assiduity. Expedited permitting is pivotal to make the fresh capacity demanded for renewable hydrogen product.
Borrow the most ambitious list targets for boosting renewable hydrogen and energy derivations in hard- to- exhilarate assiduity and transport, as proposed by the European Commission. For RHC, binding targets are essential to shoot a strong signal to the request, unlock being demand and drive major investments in the value chain.
insure presto and simplified access to support and financing instruments. profitable actors still face high costs for switching to clean technologies. According to the Renewable Hydrogen Coalition, carbon contracts for difference could have a major impact if duly designed and snappily accessible, accelerating uptake by artificial actors.
The Renewable Hydrogen Coalition believes that the EU is at the right time to take decisive action to reach the European target of a increase in current green hydrogen product capacity.” adding product capacities in line with REPowerEU’s ambition will produce a new European artificial champion electrolysis. Building 120 GW of electrolysers in the EU in lower than eight times requires an unknown trouble from manufacturers and unconventional policy instruments. Assiduity and policy makers partake the responsibility to drive the request with the necessary scale and speed. We can not go to make a mistake,” said RHC Vice President NilsAldag.Iberdrola, an illustration of commitment to green hydrogen
In its commitment to leading the energy transition, Iberdrola is leading the development of green hydrogen with further than 60 systems in eight countries( including Spain, the United Kingdom, Brazil and the United States) to meet the electrification and decarbonisation requirements of sectors similar as assiduity and heavy transport. The group plans to invest million euros in green hydrogen systems over the coming many times, with the end of developing tonnes of green hydrogen per time.

As it did with renewables 20 times agone
, the company has formerly again innovated the new technological challenge of producing and supplying green hydrogen. It has inaugurated the largest green hydrogen factory for artificial use in Europe, which will produce tonnes of green hydrogen per time.