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Hydrogen Is Key Building Block In Europe’s 2040 Climate Targets

By | News, Press Release | No Comments February 6, 2024 | 3 min read February 6, 2024 | 3 min read

Today, the European Commission published its Communication setting EU targets for the reduction of greenhouse gases emissions by 2040. The new targets will bridge the gap between the 2030 climate targets and the 2050 Net Zero target by defining key measures to reach a net reduction of 90% of emissions – compared to 1990 levels – by 2040.

2024 02 06 09 24 17 2

Reducing Costs: The Key to Leveraging Green Hydrogen on the Road to Net Zero

By | News | No Comments February 6, 2024 | 6 min read February 6, 2024 | 6 min read
  • Renewable energy has come a long way but relies on the right weather conditions; green hydrogen could be a viable alternative to fossil fuels.
  • Green hydrogen relies on renewable energy, so the latter’s production cost must fall faster than green hydrogen’s to be viable.
  • Vertical integration, where a company takes on all upstream and downstream activities associated with its main offering, could significantly reduce green hydrogen production costs.
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