Hydrogen Europe’s Post

Today, our Chief Policy and Market Officer, Daniel Fraile, joined a workshop organised by the Florence School of Regulation (FSR) to discuss the development of a target model for #hydrogen. This initiative, inspired by the approach taken after the adoption of the first Gas Market Package, aims to guide the evolution of the #hydrogenmarket and the related infrastructure requirements in Europe by supporting EU Agency for the Cooperation of Energy Regulators (ACER) and the development of hydrogen network codes. During the workshop, we shared insights from our last market outlook report (click here to read it: https://lnkd.in/eP_kQ9hf), focusing on how we envision the hydrogen market’s development: ➡️ The ambitious targets set by the EU #HydrogenStrategy and many national energy and climate plans (NECPs) are unlikely to be met as things stand. ➡️ While some Member States may achieve their hydrogen-related NECP/RED3 targets, the EU as a whole will fall short without sufficient cross-border infrastructure. National efforts in strategy, modeling, planning, and implementing hydrogen #transport, #storage, and import #infrastructure are urgently needed. ➡️ The potential #flexibility offered by P2X in a renewable-dominated #energysystem is often disconnected from the necessary hydrogen infrastructure investments in storage and pipelines. ➡️ Simplifying the production framework, transposing legislation at the national level, and supporting offtakers to de-risk long-term #investments are crucial to unlocking #cleanhydrogen supply and achieving EU targets. ➡️ #EUfunding must evolve to become fit for purpose, and Member States should step up with national funding initiatives, including anticipatory investments in infrastructure. For more insights, explore our dedicated publications Clean Hydrogen Monitor 2024 👉 https://lnkd.in/eP_kQ9hf Hydrogen Infrastructure: the recipe for a hydrogen grid plan 👉 https://lnkd.in/eTNzs58h

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