March 10, 2024 | Hydrogen Energy Market Latest News Update

What's stoppMarch 10, 2024 | What's stopping  Europe from reaching its clean hydrogen goals? Green hydrogen is predicted to be a leading renewable energy source in the future, but production in Europe must ramp up massively to hit targets. https://www.euronews.com/business/2024/03/05/whats-stopping-europe-from-reaching-its-clean-hydrogen-goals

EU has allocated €402 million to create a green hydrogen hub in Italy - Hydrogen will be used for the production of direct reduction iron and decarbonization of the country's steel industry https://gmk.center/en/news/eu-has-allocated-e402-million-to-create-a-green-hydrogen-hub-in-italy/

Cost of electrolysers for green hydrogen production is rising instead of falling: BNEF - The cost of producing and installing electrolysers for green hydrogen production in China, the US and Europe — three of the world’s biggest markets — has risen by more than 50% compared to last year, research house BloombergNEF (BNEF) has found, rather than the gradual reduction its analysis had previously indicated. https://www.hydrogeninsight.com/electrolysers/cost-of-electrolysers-for-green-hydrogen-production-is-rising-instead-of-falling-bnef/2-1-1607220

€370 Million Boost for Puglia’s 160 MW Green Hydrogen Valley Project under European Hy2Infra Initiative - With a substantial allocation of up to 370 million euros in funds, this project stands out among the 33 initiatives under Hy2Infra, highlighting its strategic significance and viability for large-scale green hydrogen production. https://solarquarter.com/2024/02/28/e370-million-boost-for-puglias-160-mw-green-hydrogen-valley-project-under-european-hy2infra-initiative/

Connecting Green Hydrogen Europe 2024 (CGHE2024), one of the largest and most influential Green Hydrogen event in Europe, bringing together the entire hydrogen value chain to accelerate the hydrogen economy, will take place in Madrid next year. Hosted in IFEMA Madrid on 25th-27th June 2024, over 5,000 attendees are expected, comprising industry leaders, energy ministers, CEOs, and more than 100 exhibitors*. Key features of the event include the C-Level Strategic Summit, an expansive exhibition showcasing the pinnacle of innovation, and the H2Innovate Next Summit. https://www.europe.gh2events.com/

"Hydrogen Technology Expo Europe" moving to Hamburg in 2024 - Hamburg will host the Hydrogen Technology Expo Europe from October 22-24, 2024. Organisers Trans-Global Events and Hamburg Messe und Congress (HMC) have entered into a long-term agreement after moving the fair from Bremen. More than 500 international exhibitors are expected at next year's fair.  https://www.hamburg-news.hamburg/en/congresses-events/hydrogen-technology-expo-europe-moving-hamburg-2024 | 

Hydrogen production and demand to grow in 2024, but only slowly - Hydrogen production and use is expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow. https://www.intellinews.com/hydrogen-production-and-demand-to-grow-in-2024-but-only-slowly-311922/

Plug making green hydrogen a reality in Europe and beyond - In late September, Germany and England joined forces to propel the industry forward with green hydrogen. Combined with series of other initiatives, Plug sees this declaration as an encouraging signal for the development of the green hydrogen sector. https://www.openaccessgovernment.org/plug-making-green-hydrogen-a-reality-in-europe-and-beyond/171569/

EU to launch second hydrogen auction worth €2.2bn in spring 2024 - European Commission aims to create 'one-stop-shop' linking H2 supply and demand through the European Hydrogen Bank https://www.hydrogeninsight.com/policy/eu-to-launch-second-hydrogen-auction-worth-2-2bn-in-spring-2024/2-1-1557616

H2 Energy Europe’s Initiative to Establish Major Green Hydrogen Production Site in South Wales - H2 Energy Europe, known for developing expansive green hydrogen ecosystems, has secured government funding for its groundbreaking 20MW electrolytic hydrogen production facility at Milford Haven’s port—a pioneering initiative set to become South Wales’ inaugural endeavor of its kind. https://solarquarter.com/2024/01/02/h2-energy-europes-initiative-to-establish-major-green-hydrogen-production-site-in-south-wales/

Green hydrogen is too expensive for ArcelorMittal Europe’s plants – CEO Green hydrogen is too expensive to be used at ArcelorMittal’s steel mills in the EU, despite the fact that the company has received billions of dollars in subsidies for the equipment. https://gmk.center/en/news/green-hydrogen-is-too-expensive-for-arcelormittal-europes-plants-ceo/ and https://www.hydrogeninsight.com/industrial/green-hydrogen-is-too-expensive-to-use-in-our-eu-steel-mills-even-though-weve-secured-billions-in-subsidies/2-1-1601199

Chile on green hydrogen investment hunt in Europe - Chile is embarking on a European hunt for investors in solar, wind and green hydrogen technologies as it looks to decarbonize copper mines and other industries reliant on fossil fuels. https://techxplore.com/news/2024-02-chile-green-hydrogen-investment-europe.html

Germany and EU Invest Over €1 Billion to Propel Global Green Hydrogen Economy - In a joint effort to boost the green hydrogen economy, the German Federal Government and the European Union have unveiled substantial financial support exceeding one billion euros through two distinct funds. The EU’s Innovation Fund, with an allocation of 800 million euros, aims to foster renewable fuel of non-biological origin (RFNBO) hydrogen production within the EU and the European Economic Area. https://solarquarter.com/2024/02/02/germany-and-eu-invest-over-e1-billion-to-propel-global-green-hydrogen-economy