Europe is expected to support green hydrgen as part of the push for new renewables
Ukraine war to lift green hydrogen demand in Europe – DNV
New modelling implies acceleration in demand and price reductions as policymakers ramp up support, risk management company says
European policy support for green hydrogen will increase in the wake of the war in Ukraine, accelerating both demand and the decline in prices, according to risk management company DNV. The firm’s latest modelling, which assumes Europe imports no Russian natural gas from 2025 in response to the invasion of Ukraine, implies a 12pc drop in green hydrogen prices compared with its pre-war base case for 2030. Green hydrogen demand in 2030 is 25pc higher compared with the pre-war base-case. “Europe has limited capacity for producing sufficient renewable electricity to simultaneously phase out fossil fuels from the power mix and produce meaningful amounts of green hydrogen,” DNV says. “We ant
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
