More hydrogen projects are under development
EU set to miss 2030 electrolyser target by 76%
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
The installed capacity of electrolysers in Europe is set to undershoot the EU’s 2030 targets by as much as 76% because of high costs and slow progress in securing offtake agreements, according to UK-based Aurora Energy Research. Electrolysers are expected to make up more than 50% of the total hydrogen production by 2030, rising to 80% by 2040. However, expected installed electrolyser capacity in the EU of 35GW will fall way short of the targets set out under the EU’s Net Zero Industry Act and REPowerEU policies. “This shortfall is attributed to high electrolysers’ capex, rising cost of capital and, and uncertainty in offtake agreements, delaying project investment decisions,” Aurora said in
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