30 European energy players have launched a previously confidential integrated value chain project intended to deliver green hydrogen across Europe at €1.5/kg 1 before 2030.
The project, known as HyDeal Ambition, will see the production of green hydrogen generated by solar-driven electrolysis from the Iberian Peninsula beginning in 2022. The ambition is to achieve 95GW of solar and 67GW of electrolysis capacity by 2030 to deliver 3.6 million tonnes of green hydrogen per year to users in the energy, industry and mobility sectors via the gas transmission and storage network, the energy equivalent of 1.5 months of oil consumption in France.
The goal is to delivery green hydrogen at a price parity to fossil fuel. Thierry Lepercq, spokesperson for HyDeal said, HyDeal Ambition constitutes a complete industrial ecosystem spanning the whole green hydrogen value chain (upstream, midstream, downstream, finance), and results from 2 years of research, analysis, modeling, feasibility studies and contract design. HyDeal Ambition makes it possible to produce and deliver competitive green hydrogen in Europe”.
This is the latest in a series of green hydrogen announcements, the number of which are expected to continue to accelerate. ORANGE.BAT was launched earlier in February by another international consortium of 40 organizations from Spain, Germany, Switzerland, Italy and Greece to address the use of green hydrogen across the value chain of a major EU ceramics cluster.