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16 February 2021
A consortium of 30 European energy companies and financial institutions have launched the HyDeal Ambition project, which aims at delivering 100% green hydrogen across Europe at a price of just €1.5/kg before 2030 by building 95GW worth of solar capacity and 67GW worth of hydrogen electrolysis capacity.
HyDeal Ambition is the result of 2 years of research and confidential preparation by 30 European energy players, and the targeted price of €1.5/kg ($AU2.3/kg) includes the production of, transmission, and storage of green hydrogen.
One of the primary purposes of HyDeal Ambition is to deliver green hydrogen to customers at cost-parity with fossil fuel competitors, helping to make the transition to a carbon-neutral economy a much easier prospect.