Wind industry experts say that coming up with policies and investments that support the development of the wholly green hydrogen value chain would require more effort but have great rewards. Green hydrogen can help to speed off the deployment of […]
Wind industry experts say that coming up with policies and investments that support the development of the wholly green hydrogen value chain would require more effort but have great rewards. Green hydrogen can help to speed off the deployment of renewable energy. The key requirement is a mammoth effort from various energy stakeholders and, more so, the policymakers. For the industry to speed off the supply chain there is a need to settle regulatory challenges. The ability of the industry to provide new revenue streams is something to be proud of. According to panellists, this is holding discussions about green hydrogen at WindEnergy Hamburg online session.
In 2020, there were ambitious targets that were set to promote the renewable energy sector. These include the EU’s plans to add the bloc’s electrolyzer capacity to 40GW from 1GW by 2030 via a hydrogen strategy and individual projects’ announcement. European Commission policy officer, Ruud Kempener, said that for them to decrease greenhouse emissions by 55%, they need more renewable energy. He added that hydrogen has the ability to speed off and incentivize various markets. This is due to the reason that hydrogen can power some applications that might have approved hard to electrify, such as heating, heavy industry, and transport.
The panellists agreed that renewable hydrogen requires more support like regulatory, political, and financial support. At the UK, a development director, Marcus Newborough, said that in the past, policies were made for renewable energy sources. He added that some guidelines also need to be made for renewable hydrogen for it to be more economically viable.
Marcus said that subsidies are only required in the early years, and it would stand for themselves in later years. This means by 2030, in the future, we would reap great benefits from it. EU regulatory affairs as well as business development manager, Denis Thomas, said that it is not easy to achieve climate targets without green hydrogen been involved. He also suggested that it is essential for EU member states to invest in better infrastructure for transporting hydrogen over long distances. Thomas added that renewable hydrogen needs to be more valuable compared to grey hydrogen since it helps in decarbonization.
Shell Company is planning to generate green hydrogen from its Hollandse Knust Noord wind farm situated in Dutch waters. Katharina Gruenberg, Shell commercial manager for the hydrogen ventures, said that they have to ensure all support schemes are well coordinated for the whole value chain to develop at the same time. The most debated topic is where the electrolyzer should be located.