HyDeal Ambition to deliver green hydrogen across Europe at the price of fossil fuels; 3.6Mt green H2/year by 2030
After 2 years of research and confidential preparation, a group of 30 European energy players has launched HyDeal Ambition with the aim of delivering 100% green hydrogen across Europe at €1.5/kg before 2030.
The production of green hydrogen generated by solar-driven electrolysis from the Iberian Peninsula will begin in 2022. The ambition is to achieve 95 GW of solar and 67 GW of electrolysis capacity by 2030 to deliver 3.6 million tonnes of green hydrogen per year to users in the energy, industry and mobility sectors via the gas transmission and storage network, the energy equivalent of 1.5 months of oil consumption in France.
A phased approach is anticipated with first deliveries in Spain and the Southwest of France followed by an extension towards the East of France and then Germany.
A series of projects and partnerships are currently being launched involving several of the 30 participants of HyDeal Ambition, with a first initiative expected within a year in Spain, based on a portfolio of solar sites with a capacity of close to 10 GW.
Solar developers: DH2/Dhamma Energy (Spain), Falck Renewables (Italy), Qair (France)
Electrolysis OEMs, engineering and EPC providers: McPhy Energy (France), VINCI Construction (France)
Gas TSOs: Enagás (Spain), OGE (Germany), SNAM (Italy), GRTgaz (France), Teréga (France)
Energy and industrial groups: Gazel Energie, subsidiary of EPH (France), Naturgy (Spain), HDF Energie (France)
Infrastructure funds: Cube, Marguerite, Meridiam
Consultants and advisors: European Investment Bank, Corporate Value Associates (CVA), Clifford Chance, Cranmore Partners, Finergreen, Envision Digital, Energy Web