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‘From champagne to table water’: hydrogen sector aims for drastic price cuts by 2050
(EurActiv, 7 Jun 2021) The price of clean hydrogen can be cut drastically by mid-century if the EU creates a dedicated market structure to develop the fuel, according to the industry. Environmental groups, meanwhile, are sceptical about the emergence of a hydrogen economy.
“We need capital and operating expenditures … to bring the price of renewable hydrogen from champagne to prosecco, and later table water,” said Jorgo Chatzimarkakis, secretary general of Hydrogen Europe, an industry body.
Chatzimarkakis was speaking at the release event of the Hydrogen Act, a new policy roadmap put forward by the industry, which charts a path towards creating a European hydrogen economy.
According to Chatzimarkakis, regulators cannot just copy and paste the laws currently applicable for gas and use them to grow a European hydrogen market. This is because the two markets are fundamentally different, he argues, citing as an example end-use applications like fuel cells used in vehicles.
Instead, Hydrogen Europe proposes a distinct legal framework for hydrogen, based on two pillars – markets and infrastructure – to unlock the necessary investments.
EurActiv, 7 Jun 2021: ‘From champagne to table water’: hydrogen sector aims for drastic price cuts by 2050
