More excellent (and material) news from Europe this week, following the approval of Euro 3.5B funding for H2Global: the Commission approves up to €6.9 billion of aid for infrastructure development under the IPCEI Hy2Infra project. A few observations/open questions: 1. The EU understands the critical role of infrastructure such as H2 pipelines and storage in the creation of the liquid hydrogen market. In the US we are still making a case for it: https://lnkd.in/g_THuRHd 2. €6.9 billion in public funding, which is expected to unlock €5.4 billion in private investments is a significant step forward. The circa 1:1 multiplicator between public and private funding is not great (it is 1:7 for the US Hydrogen Hubs program), but the challenge of kickstarting the hydrogen economy at scale is significant. Unlocking demand, building infrastructure, citing, and permitting are the most complex parts of the jigsaw for private and public sectors to collaborate on and solve. 3. No ammonia infrastructure is the biggest surprise to me. The LOHC terminal developed by Vopak and Hydrogenious is the only project from this part of the value chain. Don’t quite know how to read this as ammonia will be the key vector of hydrogen import into Europe. Is this a lack of applications? Or is this a sign of a lack of alignment among the member states around the role of ammonia and, hence, the need for infrastructure? Curious to hear other folks' thoughts on this exciting and important development!
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🌐🚀 EU Advances Hydrogen Infrastructure with €6.9B State Aid! 💡💰 🌍 EU's Green Leap: Commission approves €6.9B state aid for the third Important Project of Common European Interest (IPCEI) focusing on hydrogen infrastructure. 🔗 🤝 Collaborative Effort: "IPCEI Hy2Infra" led by seven Member States - France, Germany, Italy, Netherlands, Poland, Portugal, and Slovakia, with a joint investment to unlock €5.4B in private funds. 🤝💸 ⚙️ Hy2Infra Objectives: Aims to deploy 3.2 GW of large-scale electrolysers, establish 2,700 km of hydrogen pipelines, develop 370 GWh hydrogen storage, and construct terminals for liquid organic hydrogen carriers (LOHC). 🌊⚡ 🚀 Market Transformation: The IPCEI supports a comprehensive EU-wide hydrogen infrastructure, laying the foundation for an integrated and open hydrogen network by 2029. 🔄🌐 🌱 Strategic Impact: Aligns with EU Green Deal and REPowerEU Plan, positioning Europe as a global leader in sustainable hydrogen technology. 💚🏆 Exciting times for the future of sustainable energy in Europe! 🌐🔋 #hydrogeninfrastructure #EUStateAid #sustainableenergy #GreenTechLeadership #Hy2Infra
€6.9 billion of State aid by seven Member States
ec.europa.eu
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In the intricate dance of geopolitics and energy, the relationship between Türkiye and the European Union stands out. Our latest cable, "Pipeline Politics: Exploring the Potential for Türkiye-EU Cooperation in the Energy Sector," by Edoardo Campanile, explores the potential and implications of a strengthened energy partnership, which could catalyze investments in new infrastructure, promote energy diversification, and encourage renewable energy projects. Key Takeaways: ▶ Recent shifts in geopolitical orientations and energy strategies present an opportunity for Türkiye and the EU to strengthen their energy cooperation. ▶Türkiye's role as a crucial energy hub and transit country, demonstrated by projects like the Trans-Adriatic Pipeline, coupled with the EU's ambition to diversify its energy sources and increase renewable energy usage, underline the mutual benefits of an enhanced partnership. ▶A closer energy cooperation between Türkiye and the EU could lead to significant investments in new energy infrastructure, fostering a more integrated and resilient energy market. ▶This potential partnership offers opportunities for business diversification, innovation in renewable energy and technology, and positions NGOs and environmental consultants to influence sustainable energy policies. ▶However, the unpredictable political landscape in Türkiye poses risks that could affect the stability and predictability of such collaborations. Read the cable here: https://lnkd.in/dp3DwV9U #energy #turkey #eu
Pipeline Politics
globalprg.org
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It was an honor to participate in the 2nd #MEFED organized by the Hellenic Ministry of Environment and Energy and the German Federal Ministry for Economic Affairs and Climate Action, where we discussed how to accelerate energy interconnections between the EU and MENA regions. During my panel, alongside esteemed colleagues, we evaluated the current progress of cross-border electricity infrastructure projects, identified key challenges, and outlined the necessary actions to speed up the development of EU-MENA electricity interconnectivity
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Vice President, Europe at Breakthrough Energy. Previously, Director-General at European Commission. Views are my own, often rooted in 20+ years of experience in public policy.
First wind, now solar? Europe is on the defensive – again. Its nascent, re-born #solar industry stares at the abyss as a glut of cheap Chinese solar panels floods the European market. If aid is granted, it has to be (eventually) accompanied by a more hard-hitting, over-arching strategy for #reindustrialization, definition of #strategic #sectors that cannot be outsourced in their entirety, #investment and a more joint-up #trade, #competition, #economic and #innovation policy. Rescuing sector by sector at the last minute doesn’t count as a ‘strategy’ in my policy playbook, not to mention that it will be exceedingly expensive and ultimately futile. Just anticipate what sectors might be next in line for emergency aid: #automotive? Our young #battery or #electrolyser industries? Key questions that need answers: ⁉️If Europe cannot compete on price, then what are we competing on? What is our competitive edge? Our innovation advantage? ⁉️Are authorities, including the EU itself, prepared to change public procurement rules to not always privilege the cheapest offer? And if not, are they prepared to lower the world’s highest bureaucratic burden, taxes, wages / non-wage labor costs, and highest energy prices that we impose on our own companies? ⁉️ What is planned to finally address the decades old challenge that European firms face: reaching #scale and therefore #competitive #prices in a so-called ‘Single Market’ that remains hopelessly fragmented and performs far below potential? ⁉️ How will the EU use whatever international leverage it still holds – be it through its ODA budgets or the Global Gateway – to finally align EU objectives with external instruments? ⁉️How to protect European solar if Chinese producers build large-scale #greenfield plants in the EU? What is their plan for this very likely scenario? ⁉️How to do all this at a time of constrained public budgets that are here to stay, fickle electorates that are starting to have doubts about the ‘deal’ in the #greendeal and two wars on our doorstep? News out this morning that Italy plans to invest in an Enel plant in Sicily to boost photovoltaic production with the ambition to become Europe's main site for solar panels may offer a glimpse of hope. Prime Minister Meloni places a bold bet on a global leader in #cleanenergy (Enel), and in a suitable geography with the right climate. #smart It's precisely this kind of 'race to the top' that Europe needs more of. Not last-minute bail-outs when it's (almost) too late but strategic thinking about competitive advantage and strategic interests. Looking ahead, one thing is for sure: the Letta report on the Single Market and Draghi report on European #competitiveness don’t come a moment too soon. My only hope is that they will offer actionable, realistic and strategic prescriptions – not far-off visions, laudable targets and pie-in-the sky budget and growth assumptions. We've had more than enough of these.
EU mulls emergency aid for collapsing solar producers
politico.eu
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Head of Policy at European Geothermal Energy Council (EGEC) & Founder of Change Partnership
The questions Ann Mettler raisses here are the key questions for Europe if it is serious about its economy!
Vice President, Europe at Breakthrough Energy. Previously, Director-General at European Commission. Views are my own, often rooted in 20+ years of experience in public policy.
First wind, now solar? Europe is on the defensive – again. Its nascent, re-born #solar industry stares at the abyss as a glut of cheap Chinese solar panels floods the European market. If aid is granted, it has to be (eventually) accompanied by a more hard-hitting, over-arching strategy for #reindustrialization, definition of #strategic #sectors that cannot be outsourced in their entirety, #investment and a more joint-up #trade, #competition, #economic and #innovation policy. Rescuing sector by sector at the last minute doesn’t count as a ‘strategy’ in my policy playbook, not to mention that it will be exceedingly expensive and ultimately futile. Just anticipate what sectors might be next in line for emergency aid: #automotive? Our young #battery or #electrolyser industries? Key questions that need answers: ⁉️If Europe cannot compete on price, then what are we competing on? What is our competitive edge? Our innovation advantage? ⁉️Are authorities, including the EU itself, prepared to change public procurement rules to not always privilege the cheapest offer? And if not, are they prepared to lower the world’s highest bureaucratic burden, taxes, wages / non-wage labor costs, and highest energy prices that we impose on our own companies? ⁉️ What is planned to finally address the decades old challenge that European firms face: reaching #scale and therefore #competitive #prices in a so-called ‘Single Market’ that remains hopelessly fragmented and performs far below potential? ⁉️ How will the EU use whatever international leverage it still holds – be it through its ODA budgets or the Global Gateway – to finally align EU objectives with external instruments? ⁉️How to protect European solar if Chinese producers build large-scale #greenfield plants in the EU? What is their plan for this very likely scenario? ⁉️How to do all this at a time of constrained public budgets that are here to stay, fickle electorates that are starting to have doubts about the ‘deal’ in the #greendeal and two wars on our doorstep? News out this morning that Italy plans to invest in an Enel plant in Sicily to boost photovoltaic production with the ambition to become Europe's main site for solar panels may offer a glimpse of hope. Prime Minister Meloni places a bold bet on a global leader in #cleanenergy (Enel), and in a suitable geography with the right climate. #smart It's precisely this kind of 'race to the top' that Europe needs more of. Not last-minute bail-outs when it's (almost) too late but strategic thinking about competitive advantage and strategic interests. Looking ahead, one thing is for sure: the Letta report on the Single Market and Draghi report on European #competitiveness don’t come a moment too soon. My only hope is that they will offer actionable, realistic and strategic prescriptions – not far-off visions, laudable targets and pie-in-the sky budget and growth assumptions. We've had more than enough of these.
EU mulls emergency aid for collapsing solar producers
politico.eu
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President at Power Barge Corporation and Power Barge Solutions, Designer/Builder/Owner/Operator and Power Barge leasing, with over 36 years in power generation and power barges. 30K+ LinkedIn Friends and Colleagues
An example of the economic cost in political instability in the US, now factor this on a global basis with all of the political and environmental instabilities. #globalenergy #powergeneration #renewableenergy #energystorage #reliablepower #coalpower #bunkerfuel #thermalpowerplant #climatechange #environment #russianinvasion #redsea #panamacanal #southchinasea #eu #nato #iran #straits #extremeweather #gridresilience #costofliving #economicdevelopment
Utility Business Outlook: Power prices stay elevated as elections sow uncertainty for clean energy plans
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👏 Major Milestone for Ukraine! Ministry of Economy of Ukraine and the Cabinet of Ministers have approved the National Energy and Climate Plan (NECP) up to 2030, as the EU accession talks began today. This strategic document aligns Ukraine’s environmental, energy, and economic policies with EU standards. "Today's approval symbolizes our commitment to European integration and sustainable growth," said First Deputy Prime Minister Yulia Svyrydenko. 🗝 NECP goals include: 🌍 65% reduction in greenhouse gas emissions (from 1990 levels) ⚡️ 27% renewable energy share 🔄 Diversified energy sources (max 30% from one supplier) 📉 Primary energy consumption capped at 72.224 million toe This achievement, made possible with support from the Energy Community Secretariat, European Commission, and international partners, marks a significant step towards sustainable development and EU integration. For more information read our joint press release👉 https://bit.ly/3L5jv77 🌿Stay tuned for more updates on Ukraine's journey towards a greener future! #EnergyCommunity #Ukraine #NECP #EUIntegration #ClimateAction #Sustainability #RenewableEnergy #GreenFuture
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International Attorney at Law and Certified Financial Accountant and Auditor and Partner at Duane Morris LLP
VIETNAM – DECARBONIZATION – POWER PLAN VIII (PDP8) – WHAT YOU MUST KNOW: https://lnkd.in/gph_KeiM
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Here’s what’s new in the European Union: ✅ The European Commission authorizes Triton's acquisition of VWS; ☀️ Eurostat reports that solar energy overtook hard coal as an electricity source in 2022; 🌍 Statement by High Representative/Vice-President Borrell and Commissioner Lenarčič on 2024 World Humanitarian Day. Stay informed with our regular updates on key developments within the EU. 🇪🇺 #EUnews #EuropeanCommission #MergersAndAcquisitions #SolarEnergy #Eurostat #WorldHumanitarianDay #EUpolicy
For point (3), I think it's just because there's a lot of import infrastructure for ammonia today (terminals/storage) without a need for cracking in the short term (given the large existing demand)