Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Exhibition Program | Language: English | Duration: 8:21 .

Challenges and Progress in Green Hydrogen Sector Highlighted at Munich Forum Amid Infrastructure, Investment, and Regulatory Hurdles

The Green Hydrogen Forum in Munich, a significant annual event, could not be attended in person by the speaker this year. The forum's focus is on the progress and challenges within the hydrogen sector. While there have been many positive developments making people happy, disappointments remain concerning final investment decisions. Understanding that market penetration for energy carriers such as oil, gas, and coal historically took decades is vital; hence patience with hydrogen’s integration is necessary as we are merely four years into the European Hydrogen Strategy. An important milestone was witnessing the first auction of the European Hydrogen Bank which received 132 bids with seven projects likely to receive funding at competitive prices. Seven key points were highlighted: 1. De-risking: Essential to support off-takers with long-term contracts and clear infrastructure signals. 2. Internalizing External Costs: CO2 pricing must reflect true environmental costs. 3. Simplification: Eliminate unnecessary regulatory complexities like hourly correlation requirements. 4. Setting Targets: Implement targets from directives like renewable energy usage mandates effectively. 5. Credit Market Union: Attract private investment through policy certainty and an internal credit market union. 6. Grid Expansion: Balance investments between power grids and cost-effective pipeline infrastructures for molecules. 7. International Partnerships: Collaborate particularly with regions like MENA for affordable renewable hydrogen supply. Concluding remarks emphasized collaboration to advance these initiatives successfully before expressing hopes for future participation in next year's forum events.

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Speaker

Christian Weinberger
Strategy Adviser
hydrogen-advisers.eu
Austria

Jorgo Chatzimarkakis
CEO
Hydrogen Europe
Belgium

Talk of session: The European State of Play in the Emerging Hydrogen Sector

The hydrogen economy starts to take form. Prompted by the industry, policymakers have responded by establishing the hydrogen bank, securing initial contracts for differences, a start to be continued, highlighting at the same time the urgent need for a new European infrastructure. The European Hydrogen Backbone is an initiative to think European and allow regions to act locally, bringing together the full play. However, change is implmented by people, and this new sector of the economy demands skilled workforce. The hydrogen academy aims at offering transition paths to this new promising sector.

Further Talks of this session:

Welcome by the Organizer

Speaker

Olivier Bucheli
President
European Electrolyser & Fuel Cell Forum
Switzerland

To Talk

H2 Import Alliance for Bavaria (HIBB) and Hydrogen via the South H2 Corridor

Speaker

Klaus Sehling
Commercial Management Business Development
VERBUND Green Hydrogen GmbH
Germany

To Talk

Results of First Call, Learning for the Second

Speaker

Johanna Schiele
Policy Officer
European Commission
Belgium

To Talk

Trends and Progress in Hydrogen Project Development

Speaker

To Talk