Credit: Fotogrin. – Shutterstock
According to Aurora Energy Research by 2035 renewable hydrogen will supply over half of the demand in Germany, Spain, Sweden, and the United Kingdom, which together will account for 40per cent of Europe’s hydrogen consumption.
This sixfold increase balances on the move to sustainable sources, requiring an additional €100 billion in investments through subsidies.
Germany is investing the most at the moment, though Spain and Sweden are catching up due to lower costs. Sweden boasts five green fuel projects (1,000 MW), while Germany has 20 (2,000 MW). In Spain, 67 per cent of e-fuel projects exceed 100 MW, but the UK lags with no new developments.
Transitioning from grey hydrogen used in refineries and ammonia production, to renewable sources demands political backing for sectors like aviation, maritime transport, and green steel. Spain and Sweden could potentially start exporting electrofuels, while Germany relies on public funding, with over €10 billion already allocated.
Sign up for personalised news
Subscribe to our viraltrendingcontent alerts to get the latest stories into your inbox!
By signing up, you will create a viraltrendingcontent account if you don’t already have one. Review our
Privacy Policy for more information about our privacy practices.
