In a joint declaration, the representatives from each country have highlighted the use of renewable energies and clean technologies as a means to transition away from Russian fossil fuel reliance.
This belief has also been backed up with significant targets: at least 65GW of offshore wind by 2030 and doubling the total 2030 capacity of offshore wind to at least 150GW by 2050.
In raising the capacity of offshore wind production, there is potential for green hydrogen generation to radically be scaled up as a result.
With this, the countries have also set a new target for green hydrogen capacity sitting at 20GW by 2030 with plans to expand this figure further for 2050.
A crucial part of the agreement is the establishment of energy hubs along the North Sea. Here the countries are expected to explore ways to promote onshore and offshore production of green hydrogen including the necessary transmission and pipeline infrastructure and explore the possible synergies of cooperating on offshore hydrogen production and transmission.
The countries are also expected to consider how an appropriate regulatory framework and support for the required technological innovation for green hydrogen can support European industrial leadership, development and production of green fuels and the phase-out of imported natural gas.
This will help the EU in creating a well-functioning green hydrogen market.
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
Our early bird offer tickets are $1,000, for a limited time only. If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.