Advent Technologies is among the companies to co-sign a joint declaration to increase electrolyser manufacturing capacities in the European Union.
The event was organised by the European Commission in cooperation with Hydrogen Europe and took place under the auspices of the European Clean Hydrogen Alliance in Brussels.
Several leading companies participated in the event, including Advent, Bosch, Convion, Cummins, De Nora, Elogen, Enapter, Genvia, Green Hydrogen Systems, Helbio, H2B2, HyStar, John Cockerill, McPhy, Nel Hydrogen, Siemens Energy, SOLIDpower, Sunfire, Thyssenkrupp nucera and Topsoe.
The participants signed a Joint Declaration, establishing a clear goal of paving the way towards achieving the objectives of the REPowerEU’s proposed Hydrogen Accelerator, which sets out a strategy to double the previous EU renewable hydrogen target to 10 million tonnes of annual domestic production and an additional 10 million tons of annual hydrogen imports.
Under the Joint Declaration, Europe’s leading electrolyser manufacturers agreed to increase their manufacturing capacity in an effort to have, by 2025, a combined annual electrolyser manufacturing capacity in Europe of 17.5 GW, as well as to further increase that capacity by 2030 in line with projected demand for renewable and low-carbon hydrogen.
The Joint Declaration features the three following pillars:
- Regulatory framework: Ensuring a supportive regulatory framework through adequate permitting rules and a commitment to stand up for the ambitious targets included in the revision of the Renewable Energy Directive and the Alternative Fuels Infrastructure Regulation Proposal.
- Access to finance: Facilitating adequate access to finance by revamping the Innovation Fund to be inclusive of innovative zero and low-carbon equipment manufacturing such as electrolysers. In addition, accessing state aid to de-risk investments and putting in place Carbon Contracts for Difference to further incentivise the large-scale deployment of clean hydrogen technologies.
- Supply chain integration: Integrating supply chains by expanding Research and Development and ensuring the availability of required components and materials at the required scale.
Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer, said, “To achieve the goals outlined in the Joint Declaration that we signed today, the European electrolyser manufacturing sector needs to enhance collaboration to ramp up electrolyser production to approximately 25 GW per year with an installed electrolyser capacity of 90-100 GW.”