The EU is determined to increase emission-reduction targets and production of clean hydrogen for any ambitious large-scale decarbonization initiatives. Europe’s chemical industry, a major hydrogen user, is ready to throw its weight behind this boost. The EU is focusing on developing technology, scale production, and setting up the supply chain. Over the past three years, the British electrolyzer manufacturer ITM Power has halved the cost of its equipment, to about $890 per kilowatt of capacity. From the political front, it’s become clear that clean hydrogen is essential to accomplish climate policy goals. It’s now all about developing economically feasible standards.
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