European energy players unite to deliver green hydrogen at fossil fuel prices

clean hydrogen market
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After two years of research and confidential preparation, a group of 30 pioneering European energy players has launched “HyDeal Ambition” with the aim of delivering 100% green hydrogen across Europe at €1.5/kg ($1.82/kg) before 2030.

The production of green hydrogen generated by solar-driven electrolysis from the Iberian Peninsula will begin in 2022. The ambition is to achieve 95GW of solar and 67GW of electrolysis capacity by 2030, to deliver 3.6 million tonnes of green hydrogen per year to users in the energy, industry and mobility sectors via the gas transmission and storage network.

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A phased approach is anticipated with first deliveries in Spain and the Southwest of France, followed by an extension towards the East of France and then Germany.

Industrial innovation goes beyond the simple production of truly green or climate-friendly energy. It lies in particular in the price to be delivered to customers at fossil fuel parity, making the transition to a carbon-neutral economy a self-evident perspective.

A series of projects and partnerships are currently being launched involving several of the 30 participants of HyDeal Ambition, with a first initiative expected within a year in Spain, based on a portfolio of solar sites with a capacity of close to 10GW.

“HyDeal Ambition brings together visionary CEOs and entrepreneurs, who share the determination to accelerate the energy transition. HyDeal Ambition constitutes a complete industrial ecosystem spanning the whole green hydrogen value chain (upstream, midstream, downstream, finance), and results from 2 years of research, analysis, modelling, feasibility studies and contract design. HyDeal Ambition makes it possible to produce and deliver competitive green hydrogen in Europe,” says Thierry Lepercq, spokesperson for HyDeal.

Participants include:

  • Solar developers: DH2/Dhamma Energy (Spain), Falck Renewables (Italy), Qair (France)
  • Electrolysis OEMs, engineering and EPC providers: McPhy Energy (France), VINCI Construction (France)
  • Gas TSOs: Enagàƒ¡s (Spain), OGE (Germany), SNAM (Italy), GRTgaz (France), Teréga (France)
  • Energy and industrial groups: Gazel Energie, subsidiary of EPH (France), Naturgy (Spain), HDF Energie (France)
  • Infrastructure funds: Cube, Marguerite, Meridiam
  • Consultants and advisors: European Investment Bank, Corporate Value Associates (CVA), Clifford Chance, Cranmore Partners, Finergreen, Envision Digital, Energy Web

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