Global| Initiative of 22 countries to reduce the cost of clean hydrogen to $2/ kg by 2030

3 June 2021

On 2 June, on the occasion of the 6th Mission Innovation Ministerial meeting in Chile, the European Commission and ministers from Australia, Austria, Canada, Chile, China, Germany, India, Italy, Morocco, Norway, Saudi Arabia, Republic of Korea, the UK and the US made a joint commitment to collaborate on a Clean Hydrogen Mission under the second phase of Mission Innovation.

The goal of the Clean Hydrogen Mission is to reduce the cost of clean hydrogen to 2 dollars per kilogram by 2030 and to deliver at least 100 large-scale integrated hydrogen valleys worldwide. Hydrogen valleys are integrated hydrogen value chains, which include the production, storage, and distribution of hydrogen to end-users via various methods of transport in a defined geographic area.

Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth, said: The European Commission, together with the Fuel Cells and Hydrogen Joint Undertaking and EU Member States, will further develop the hydrogen valleys in Europe and abroad. Creating a strong network and decreasing the cost of clean hydrogen is a significant step towards achieving our ambitious EU climate goals by 2030.”

Read more: EU/Japan: EU and Japan will sign a MoC on hydrogen in the second half of 2021

The Mission will build an alliance between countries, businesses, investors and research institutes to accelerate innovation on clean hydrogen. This will include international collaboration on research, development, and innovation to further develop Clean Hydrogen Valleys and accelerate building a global clean hydrogen economy in line with the European Green Deal objectives.

The Clean Hydrogen Mission is launched for an initial period of five years, and depending on progress achieved, may be extended for a further five years to support the delivery of its key objectives by 2030.

Mission Innovation is a global initiative of 22 countries and the European Commission (on behalf of the European Union) to reinvigorate and accelerate global clean energy innovation, achieve performance breakthroughs, cost reductions and provide widely affordable and reliable clean energy solutions.

As stated in the joint mission statement, the joint End-to-end costs of 2 USD/kg represent a tipping point in unleashing the potential for clean hydrogen to reduce global emissions, with clean hydrogen being cost competitive with other energy vectors in different industries across production, transportation, storage and end-use. Achieving this stretch goal will drive economies of scale and push down costs further, thus catalysing in the development of a global clean hydrogen economy.

 


Author: KS / Source: European Commission / Photo: Unsplash