EU companies sign declaration with European Commission to increase electrolyzer manufacturing capacity

In Belgium, The European Commission, Hydrogen Europe and 20 European companies including Topsoe signed a declaration on increasing electrolyzer manufacturing capacity in the EU.

The declaration backs EU´s new target to double the previous EU target to 10 million tons of annual domestic production of renewable hydrogen plus an additional 10 million tons of annual hydrogen imports.

The joint declaration features three pillars:

·      Ensuring a supportive regulatory framework through adequate permitting rules and committing to stand up for the ambitious targets included in the revision of the Renewable Energy Directive and the Alternative Fuels Infrastructure Regulation Proposal.

·      Facilitating adequate access to finance by revamping the Innovation Fund to be inclusive of innovative zero and low-carbon equipment manufacturing such as electrolyzers. In addition, accessing to state aid to derisk investments, and put in place Carbon Contracts for Difference to further incentivize large-scale deployment of clean hydrogen technologies.

·      Integrating supply chains by way of expanding Research and Development and ensuring the availability of required components and materials in a timely and affordable manner.

Under the Joint Declaration, Europe’s leading electrolyzer manufacturers agreed to increase their manufacturing capacity to reach 17.5 GW by 2025 and to further increase capacity by 2030 in line with projected demand for renewable hydrogen