EIT InnoEnergy launched the European Green Hydrogen Acceleration Center (EGHAC), an unprecedented effort to support the development of an annual €100 billion green hydrogen economy by 2025.
EIT InnoEnergy wants to reduce the cost of green hydrogen, stimulate market uptake and build a strong European green hydrogen value chain, as quickly as possible. InnoEnergy is the innovation engine for sustainable energy across Europe supported by the European Institute of Innovation and Technology.
Jacob Ruiter, member of EIT InnoEnergy Executive Board: ‘The commercialisation of green hydrogen is absolutely vital if Europe is to achieve its ambitious goals of becoming the first net-zero continent by 2050. Quite simply, there is no better way of decarbonising heavy industry and heavy transport, and it can also play a significant role in supporting grid flexibility through storage.’
The key to EIT InnoEnergy’s success is operating at the centre of the energy transition, bringing innovators, entrepreneurs, investors and other key stakeholders around the table to deliver a very ambitious target.