The European Court of Auditors says the European Union will likely fail to achieve its 2030 renewable hydrogen goals, while the US Department of Energy and Arches have agreed to build a $12.6 billion hydrogen hub in California.

The European Court of Auditors said the European Union will likely miss its 2030 renewable hydrogen targets because the bloc’s political ambitions are not backed by solid analysis. “The auditors call for a reality check to ensure that the EU’s targets are realistic and that its strategic choices on the way ahead will not impair the competitiveness of key industries or create new dependencies,” the European institution said in a recent report. 

The US Department of Energy said it has signed a $12.6 billion deal with Arches to build a hydrogen hub in California – the first of seven planned across the United States. California Governor Gavin Newsom said that hydrogen will…