Why the hydrogen economy is making littl • Table.Briefings

The steel industry is set to become one of the main consumers of green hydrogen. The EU has set itself a binding target for green hydrogen in industry for 2030. In the next few years, the focus will be on possible targets for 2040.

After the hype, disillusionment has returned to the hydrogen economy. At a meeting of the Renewable Hydrogen Coalition, companies and analysts blame the recent slump on too little funding and green electricity but also admit to their own naivety.

The EU will probably fall short of its targets for green hydrogen from the hydrogen strategy this year. Less than the planned six gigawatts of new electrolyzers will be built in the EU, said the outgoing head of the Renewable Hydrogen Coalition, Ulrik Stridbæk from Ørsted, last week at the association’s annual summit in Brussels.

Why the hydrogen economy is making little progress

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