Green hydrogen, Europe’s clean bet.

Evo Blog 15 de November de 2021

To speak of decarbonization of European economies is to speak of green hydrogen. Europe and Spain are working to position themselves in this strategic value chain that will mark the future of a greener and more sustainable planet.

Hydrogen is the first element in the periodic table, one of the most abundant in the Universe, easy to obtain (to achieve it, sun and wind are needed, something that is abundant in our country) and it does not generate polluting emissions since its combustion only produces water steam. It serves as a zero-emission fuel and is therefore one of the clean technologies that is committed to achieving the de-birth of economies and climate neutrality. In fact, it constitutes an energy vector with a wide versatility of applications and uses, particularly in industry, transport and mobility.

In European Union countries, it is expected that the development of green hydrogen will bring a large number of jobs and a real benefit to the economy, which is why both governments and private companies are working on this technology to achieve that our global future be greener and more sustainable.

The EU strategy is to subsidize this emerging industry, to ensure that 25% of industrial hydrogen consumption is of renewable origin by 2030 and in the field of mobility it is planned to reach a fleet of at least 150 buses; 5,000 light and heavy vehicles; and 2 lines of commercial trains powered by renewable hydrogen.

In this context, the European Union has begun to develop the so-called “Major Projects of Common European Interest” (IPCEI), a mechanism for collaboration between Member States to support and promote strategic industrial value chains, including the value chain of the renewable hydrogen.

Evo Group has been selected, due to the innovative nature of its projects with green hydrogen in mobility, to participate in the IPCEI

Spain cannot, and should not, be left out of this development. Already last October 2020, the Spanish Government approved the Renewable Hydrogen Roadmapand plans to mobilize 8.9 billion euros from the public-private sector until 2030. The Roadmap sets out ambitious objectives for Spain to ensure a position of relevance in Europe, guaranteeing the full introduction of hydrogen in sustainable mobility.

Within the framework of the Next Generation, the Spanish Government is also working on the figure of the so-called Strategic Projects for Economic Recovery and Transformation (PERTE), conceived as a mechanism for promoting and coordinating high-priority projects.

On July 13, the Governing Council approved the PERTE of the Electric and Connected Vehicle, whose central axis is the creation of an ecosystem that promotes the new sustainable and connected mobility.

The PERTE of the electric and connected vehicle is the first of those established in the Recovery, Transformation and Resilience Plan approved by Brussels. This initiative will have 3.16 billion of public investment that will be granted in the form of grants and through loans. Between December 2021 and February 2022, the groups that will be eligible for the aid must be formalized.