The Secretary of Energy, Flavia Royón, highlighted on Thursday the development of the hydrogen market in Argentina, highlighting the progress made in recent years in the transition to cleaner and more sustainable energies.
At the same time, the official explained that "we are working on a bill with a federal perspective, which includes tax incentives for investments" in these sustainable energy developments.
Royón ratified policies for the development of clean and sustainable energies.
The Energy Secretary's comments were made during her participation in the panel on Decarbonization of Industry, within the framework of the Berlin Energy Transition Dialogue (BETD23) conference in Germany.
There, Flavia Royón pointed out that Argentina in 2006 passed Law 26.123 to promote the use of hydrogen as a fuel and energy vector and that currently "we are working on a new and modern promotion framework".
The official also said that "YTEC, technical arm of the flagship company YPF is developing prototypes of electrolyzers", and pointed out that the National Institute of Industrial Technology (INTI), together with the Ministry of Science and Technology, "are also working on the certification of hydrogen traceability".
Situation in the country
"Argentina aspires for hydrogen to be considered as an energy source to be financed under green structures and credit facilities designed for the transition," said Royón. In that sense, "in some provinces of our country, aspects related to financing with bilateral development agencies have already advanced", he pointed out.
He gave the example of the development in this area in the province of Jujuy, "where in meetings with executives of the French Development Agency (AFD) various financing schemes were discussed to implement the green hydrogen project, the thermo-photovoltaic complex being developed jointly with Invap and the 200 megawatt photovoltaic plant planned in El Pongo," he said.
The Secretary of Energy thus considered that to guarantee the global development of green hydrogen, "clear, stable and concerted rules of an open market economy" are needed, as well as "enabling and specific legislation" for the activity "to promote a real spill-over to society".
"Argentina is working on a bill with a federal outlook, which contemplates tax incentives for investments in the development of hydrogen and its vectors," Royon concluded.