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    Galán defends the potential of renewable hydrogen to Kardi Simson

    May 31, 2022 - CE Noticias Financieras


      The Chairman of the Iberdrola Group, Ignacio Galán, together with the Commissioner for Energy, Kadri Simson, participated in the Green Hydrogen Summit held in Brussels to discuss the policies needed to accelerate the adoption of renewable hydrogen in Europe and enable the implementation of the European Commission's REPowerEU plan, with the aim of reducing dependence on fossil imports.

      The meeting, organized by the Renewable Hydrogen Coalition (RHC), brought together representatives from leading companies in the sector, European Union officials and hundreds of stakeholders to discuss the contribution of green hydrogen to decarbonization and energy independence. The European Commission estimates that an acceleration of green hydrogen and its derivatives would reduce the EU's dependence on natural gas from Russia by approximately 27 bcm (27 billion cubic meters).

      Iberdrola's chairman, Ignacio Galán, and chairman of the RHC since last September, congratulated the European Commission "for the strong leadership in REPowerEU" that should be accompanied by "stable and favorable policies that stimulate supply and demand and boost investments." Galán assured that "renewable hydrogen is a solution for today and for the future. It can significantly replace imported fossil fuels and the polluting hydrogen manufactured from them." In this sense, he emphasized that "the members of the Renewable Hydrogen Coalition are helping to meet the EU's climate and energy ambitions, making our continent cleaner and stronger thanks to H2 produced with European technologies".

      For her part, Energy Commissioner Kadri Simson stressed that "we need to diversify away from Russian fossil fuels. This means accelerating the ecological transition. Renewable hydrogen plays a crucial role in the decarbonization of industry and transport that is difficult to electrify. We need it for the planet, for our independence and for energy supply security. With RepowerEU, we plan to deploy this solution faster, taking our EU Green Deal ambitions to the next level and giving us the tools to make it happen."

      In this context, the RHC calls on policy makers to take the following measures without delay

      • Adopt a definition of renewable hydrogen. The coalition welcomes the draft law proposed by the EC and recognizes the important efforts made to better reflect the reality of projects: lengthy and complex authorization procedures slow down the deployment of renewables that Europe needs to meet its energy climate targets. To meet REPowerEU's ambition, renewable hydrogen supply must be allowed to increase and its business cases must be secured.
      • Streamlining permitting for renewables and also for renewable hydrogen installations is in the interest of the public and industry. Expedited permitting is crucial to building the additional capacity needed for renewable hydrogen production.
      • Adopt the most ambitious binding targets for the promotion of renewable hydrogen and fuel oil derivatives in hard-to-electrify industry and transport, as proposed by the European Commission. For RHC, binding targets are essential to send a strong signal to the market, unlock existing demand and drive major investments in the value chain.
      • Ensure fast and simplified access to support and financing instruments. Economic actors still face high costs to switch to clean technologies. According to the Renewable Hydrogen Coalition, carbon contracts for difference could have a major impact if properly designed and quickly accessible, accelerating adoption by industrial players.

      For the Renewable Hydrogen Coalition, the EU is at the right time to take decisive action to reach the European target of a 2,000-fold increase in current green hydrogen production capacity. "Increasing production capacities in line with REPowerEU's ambition will create a new European industrial champion: electrolysis. Building 120 GW of electrolyzers in the EU in less than eight years requires an unprecedented effort from manufacturers and unconventional policy instruments. Industry and policy makers share the responsibility to drive the market with the scale and speed needed. We cannot afford to make a mistake," said RHC Vice President Nils Aldag.

      Iberdrola, an example of commitment to green hydrogen

      In its bid to lead the energy transition, Iberdrola is spearheading the development of green hydrogen with more than 60 projects in eight countries (including Spain, the United Kingdom, Brazil and the United States) to meet the electrification and decarbonization needs of sectors such as industry and heavy transport. The group plans to invest 3 billion euros over the next few years in green hydrogen projects, with the aim of developing 400,000 tons of green hydrogen per year.

      As it did with renewables 20 years ago, the company has once again pioneered the new technological challenge of green hydrogen production and supply. Thus, it has inaugurated the largest green hydrogen plant for industrial use in Europe, which will produce 3,000 tons of green hydrogen per year.


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