Four years ago, the European Commission unveiled the landmark European Green Deal wherein it laid out a series of policies aimed at making the region a “climate-neutral bloc” by 2050. Among the key policies, Europe set a target to consume 20 million tons/year (Mt/y) of renewable hydrogen and install 62 GW in electrolyzer capacity by 2030. Unfortunately, the continent is quickly acknowledging a cold reality: hydrogen, really, is a hard sell. In its latest annual report, the EU Agency for the Cooperation of Energy Regulators (ACER) paints a bleak picture of the state of the continent’s hydrogen sector, saying those targets are unlikely to be realized without tackling serious challenges that include production cost and infrastructure.
“The current renewable hydrogen consumption remains minimal, and while EU renewable energy and decarbonization targets could drive the demand, uptake so far has been slow,” ACER…
