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The European Green Deal is a set of policy initiatives aimed at making the EU climate neutral by 2050. At its core, it seeks to boost the bloc’s economic sustainability by fostering green technology and renewable energy. A huge push is needed to stay on track with ambitious net-zero targets. But at the same time, .
Successful pilot green hydrogen projects key for sector’s future bankability
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Toshiba’s pilot solar-to-hydrogen project. Image: Toshiba.
Data from green hydrogen demonstration projects should be made available to help enable the future bankability of larger installations, unleashing the sector’s decarbonisation potential.
That was one of the key points made by stakeholders and experts during a session at the Green Hydrogen Summit today that explored the current and future business models for green hydrogen and how government incentives can boost the nascent sector.
Lisa McDermott, executive director renewable project financing EMEA at Dutch bank ABN Amro, said that while the green hydrogen sector is “at the start of what will be a very long journey to commercial maturity”, the segment is expected to “scale up more quickly than wind or solar did”, in part due to decarbonisation targets.
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