China ‘represents challenge’ to EU hydrogen economy
The hydrogen economy in China is accelerating rapidly as the EU struggles to adequately capitalise its market mechanisms
The EU must increase the speed with which it deploys hydrogen electrolysers if it is to avoid losing investment and expertise to China, according to experts that spoke at the Hydrogen Online Conference. The EU — which in 2023 finalised its definition framework for green hydrogen and is piloting a subsidy mechanism for production in November — has often been criticised for moving slower than the USA, where the passing of incentives under the Inflation Reduction Act in 2022 has led to a flurry of investment activity. But China also represents a threat to European developers, according to Christopher Hebling, director of Hydrogen Technologies at the Fraunhofer Institute for Solar Energy Systems
Also in this section
6 September 2024
Emirati NOC signs groundbreaking deal to take 35% stake in ExxonMobil’s large-scale Baytown project, despite uncertainty over US government support
5 September 2024
French green hydrogen producer to supply German firm’s network of refuelling stations under its first major long-term offtake agreement
3 September 2024
Beijing-based electrolyser manufacture will also develop projects with strategic partners in boost for Andalucia region’s green hydrogen ambitions
3 September 2024
As all-electric car sales growth grinds to a halt, firms are eyeing a long-term future for zero-emissions liquid fuels