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Home - Energy Storage - Uniper postpones hydrogen target for 2030 – SPE
Energy Storage

Uniper postpones hydrogen target for 2030 – SPE

solarenergyBy solarenergyNovember 5, 2024No Comments2 Mins Read
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Uniper told it pv magazine that it has postponed its 2030 hydrogen investment target.

November 5, 2024
Sergio Matalucci

Uniper has postponed its target of investing 8 billion euros in green energy by 2030 pv magazine that there were three factors behind the decision. “The slight delay in investing the €8 billion compared to August Last year is not just that the hydrogen economy is progressing more slowly as expected. This is one point,‘, said a spokesperson. “In addition, energy prices have fallen and this is expected to remain the case in the coming years. And regulatory framework conditions have developed more slowly than expected. The main issue here is the German government’s power plant strategy, where good progress has been made, but consultations have taken longer than we had expected.”

The European Council said it supports the rapid implementation of the existing legal framework for hydrogen and the development of interconnections for cross-border transport and storage, connecting producers and buyers. The Council approved a special report from the Court of Auditors and called calls on the European Commission to take measures that increase the competitiveness of EU industry and guarantee investment security.

HydePoint And Norwegian hydrogen have announced a strategic deal to accelerate green hydrogen projects in the nearshore and offshore markets. “The collaboration aims to accelerate the development of medium-sized green hydrogen projects from 10 MW to 40 MW on the quayside and near the coast, with an emphasis on scaling up hydrogen production within a time frame of two to three years while simultaneously lays the foundation for large-scale, offshore wind-integrated hydrogen projects in the next phase,” said the two Norwegian companies.

See also  Australian study shows that pumped hydro and batteries can meet the needs of energy storage - PV Magazine International

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