The European strategy for hydrogen and the role of Portugal in this coming energy change!

The European strategy for hydrogen and the role of Portugal in this coming energy change!

The clean hydrogen is gaining way in the European scenery: The European Commission (EU) has a new strategy which defines much more ambitious targets and has created na alliance which will lead its implementation. EU’s forecasts that accumulated investments in renewable Hydrogen may reach between 180 e 470 billion euros in Europe by 2050. In parallel the creation of infrastructures around the industry that will service various production sectors and other end use solutions, may employ, directly or indirectly up to a million people. 

Brussels states that, according to analysts, clean hydrogen may serve 24% of the worldwide energy demand by 2050, with annual sales of circa 630 billion euros. 

The European Clean Hydrogen Alliance will define the strategy, counting with representatives of the member states, the industry and the civil society, as 75% of emissions in the European Union result from energy processes. 

The commission has promised to support the installation of 6 gigawatts of electrolysers, a type of equipment deemed necessary to the production of renewable Hydrogen.  The aim, when speaking of these electrolysers is 40 gigawatts andin what concerns production, targets are set at 10milion tons of hydrogen. 

 The Portuguese Government wants to make available 400 million euros by 2030 towards clean Hydrogen!  

This year there will be set aside 40 million euros to finance projects in the field of Clean Hydrogen, aiming to repeat such initiatives in the same amount up until 2030. 

In this way, Portugal, as a member of the European Clean Hydrogen Alliance, wants to produce large quantities of clean hydrogen in a competitive way and with an important role in the emerging Hydrogen Industry aligned with an industrialisation strategy.  

The points in favour of Portugal are: geographical strategic location; solar and wind energy resources; the harbour in Sines and the Harbour in Leixões (Porto) that enable export of goods or gross product to the main markets in Northern Europe and across the Atlantic 

In the core of this Alliance is also Marc Rechter, CEO of Resilient Group, who sees Portugal as a favourable location to advance with new projects in this sector, namely in what concerns Sines.  

In: Jornal de Negócios 

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