Introducing our European Hydrogen Conference & Insights
Published 31 March 2021
by Sandil Sanmugam, Portfolio Director, Gas & Hydrogen, Energy Council
At the Energy Council, we are regularly in contact with our clients to discuss the latest challenges and opportunities for their businesses. One of the major trends coming out of these conversations is hydrogen. Companies and countries across the world have outlined their roadmaps to net-zero with hydrogen and renewables at the centre of them.
The European Commission’s roll out of the Clean Hydrogen Alliance alongside its 2050 carbon neutral target, has made Europe the global hub of the hydrogen surge. According to the Hydrogen Council’s and McKinsey’s recent report, out of the current 228 global hydrogen projects, 55% (126) of these are in Europe. Whilst there is great optimism, there remains a lot of uncertainty on the shape of the hydrogen economy on the road to 2030, let alone 2050, leaving plenty to be discussed and formalised.
As a consequence, we have decided to launch our inaugural European Hydrogen Conference to create the platform the industry needs. It will take place this June online before going live next year in Vienna alongside our renowned European Gas Conference which focusses on the midstream natural gas market- one of the large-scale industries which could be decarbonised by cleaner hydrogen sources.
To kick-off shaping the discussion points for June, we assembled our first Hydrogen advisory board taskforce to gain a comprehensive understanding of the obstacles in lifting Europe’s hydrogen economy off the ground. We discussed key issues ranging from the stimulating demand via subsidies, the specific roles of blue and green hydrogen out to 2030 and how to avoid first-mover disadvantage.