European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean hydrogen. The Commissioner and 20 industry CEOs signed a Joint Declaration whereby industry committed to a tenfold increase of its electrolyzer manufacturing capacities to reach 17.5 GW by 2025 and to increase capacity further by 2030 in line with projected demand for renewable hydrogen. This will enable the annual EU production of 10 million tons of renewable hydrogen by 2030, set as target in the March 2022 REPowerEU Communication. It will improve Europe’s sustainable and secure energy supply and reduce EU’s reliance on Russian gas. Clean hydrogen is indispensable to reduce industrial carbon emissions and contribute to our energy independence from Russia. We have no time to lose, which is why this European electrolyzer summit is so opportune. Today, […]