{"id":17035,"date":"2024-12-13T15:06:59","date_gmt":"2024-12-13T15:06:59","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=17035"},"modified":"2025-04-16T10:22:35","modified_gmt":"2025-04-16T09:22:35","slug":"hydrogen-compass-december-2024","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass-december-2024","title":{"rendered":"Hydrogen Compass – December 2024"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h6″ style=”color-strip-reveal” color=”Accent-Color” text=”DECEMBER 2024″][vc_column_text css=”” text_direction=”default”]The European hydrogen market has seen its share of volatility in 2024, with slow progress and uncertainty defining much of the year. Some positive signals emerged in the summer with five major projects reaching FID in July, however optimism was dampened in autumn by project cancellations and developer concerns over funding, policy gaps and challenges in securing long-term offtake agreements.<\/p>\n

As the year comes to a close, this extended edition of Hydrogen Compass<\/em> will focus on the market\u2019s slow progress in the final quarter of the year. Major players have scaled back investments, faced development hurdles and cancelled projects, with many developers pointing to policy inadequacy as a key blocker. Despite this, some progress has been made in advancing offtake agreements, funding mechanisms and large-scale infrastructure.<\/p>\n

The next edition of Hydrogen Compass will be published in January. In the meantime, if you have any comments or feedback, please do reach out to Jun Sasamura<\/strong> (jsasamura@westwoodenergy.com<\/a>).<\/p>\n

The market slows towards the close of 2024<\/strong><\/h4>\n

Investment delays<\/em><\/p>\n

In its 3Q results presentation in November, Uniper announced that it will delay \u20ac8bn in green energy investments to the 2030s. This marks a timeline shift from its August 2023 commitment to achieve this investment by 2030, which included a target for renewable gases to make up 5-10% of its gas portfolio. The company attributed the delay to insufficient market and regulatory progress, particularly in the hydrogen sector, exiting several hydrogen supply projects, including the 200MW e-SAF SkyFuelH2 facility in Sweden in October.<\/p>\n

ArcelorMittal has faced similar challenges, announcing in October that it will delay FID for key decarbonisation projects. These include renewable hydrogen-ready direct reduced iron (DRI) plants in France, Spain, Germany and Belgium, originally planned for 2025\/2026. Despite receiving substantial government support, progress has been hindered by insufficient policy support and the high costs of renewable hydrogen. The company also criticised the EU\u2019s Carbon Border Adjustment Mechanism (CBAM) for lacking trade protection measures against Chinese imports. While it is currently unclear how long the delays will last, the company plans to await hydrogen market developments and CBAM policy updates in 2025 while continuing engineering work and focus on investing in electric arc furnaces to reduce emissions.<\/p>\n

German steelmaker Thyssenkrupp has also encountered setbacks, announcing in October that it will extend its reliance on natural gas for its DRI facilities due to high renewable hydrogen costs. Despite government funding and plans to transition to hydrogen blends by 2028 and full hydrogen use by 2037, cost challenges have delayed progress.<\/p>\n

Project development hurdles<\/em><\/p>\n

Marubeni\u2019s 6MW electrolytic hydrogen project, HyBont, has been stalled due to safety concerns raised by the UK\u2019s Health and Safety Executives (HSE). The \u2018hazardous substance consent\u2019 permit, which would allow the developer to handle, store and distribute the hydrogen, has not been granted \u2013 citing risks to the surrounding population related to the tube-trailer lorries that were planned to transport hydrogen offsite to customers. The project\u2019s production plant, hydrogen refuelling station, and storage containers were planned to be constructed less than 30 metres from the nearest residential property, raising concerns with local residents about its safety.<\/p>\n

HyBont was one of 11 projects offered contracts in the UK\u2019s Hydrogen Allocation Round (HAR) 1 in December 2023. A year later, the 10 remaining projects have yet to reach FID, with developers finding the process complex, as well as the more intricate Contract for Difference (CfD) mechanism compared to its offshore wind counterpart.<\/p>\n

Another project cancellation<\/em><\/p>\n

French utility Engie has cancelled its 75MW electrolytic hydrogen-to-synthetic methane project, Colombus, in Belgium. The project, developed in partnership with Belgian lime producer Carmeuse and electrolyser manufacturer John Cockerill, aimed to inject gas into the local grid or use it for industrial and transport applications. However, both Engie and Carmeuse have expressed concerns that the current market conditions do not ensure the project\u2019s viability.<\/p>\n

Is policy to blame?<\/strong><\/h4>\n

In a pre-recorded speech at the Renewable Hydrogen Summit in Brussels in November, European Commission President Ursula von der Leyen emphasised that Europe is leading the renewable hydrogen sector because of the clear targets that have been set for the region. These include a 10Mt production capacity and 10Mt import target for renewable hydrogen by 2030. However, these targets and the EU\u2019s definition of renewable hydrogen have faced criticism for being unrealistic. In July, the European Court of Auditors (ECA) questioned the methodology used to set these targets and recommended updating the strategy by the end of 2025.<\/p>\n

Back in September, German Vice-Chancellor Robert Habeck, along with trade association Hydrogen Europe, had called for a delay in the EU\u2019s renewable hydrogen production rules[1]<\/a> to reduce costs and allow the market to mature. German utility E.ON recently echoed these concerns, arguing in November that the current rules are contributing to the high cost of production.<\/p>\n

However, last month, Fran\u00e7ois Paquet, Managing Director of the Renewable Hydrogen Coalition, argues[2]<\/a> that blaming these rules alone is too simplistic. He points out that inflationary pressures, challenges with policy implementation, and the need for infrastructure development also play significant roles. The EU\u2019s Renewable Energy Directive mandate that 42% of industrial hydrogen must be renewable by 2030, alongside a 1% renewable hydrogen or derivative target for maritime and aviation fuels by 2031. Although implementation guidance was provided in September, EU nations have yet to enact them into national law, which much be completed by May 2025. Paquet sees this as a crucial step in providing regulatory certainty and advancing market progress. He also suggested the need for increased investment in electricity grid capacity and hydrogen transport infrastructure.<\/p>\n

Another major missing component highlighted was offtaker support. In November, methanol developer C2X stated the challenges of securing long-term agreements with shipowners, despite upcoming mandates. Shipowners typically purchase fuel on the spot market and are unaccustomed to or unwilling to commit to long-term agreements. The company stated further that while the mandates offer a clear direction, project developers focused on producing renewable hydrogen and derivative fuels will continue to struggle without a way to bridge the gap between suppliers and offtakers through mechanisms like a CfD. Additionally, e-methane developer TES-H2 also pointed out in November that penalties for non-compliance will be necessary to support movement and meet targets.<\/p>\n

Offtake, funding and infrastructure projects show progress<\/strong><\/h4>\n

Offtake<\/em><\/p>\n

Although the ongoing challenge of securing offtake agreements persists, both Gen2 Energy and SSAB successfully secured contracts last month. Gen2 Energy signed an agreement with Tata Steel to ship liquid hydrogen from its Norwegian supply projects to the Port of Rotterdam, where it will be transported via pipeline to Tata\u2019s Ijmuiden facility. The project is set for operation in 2030, with two DRI plants already ordered from Italian firm Danieli. Similarly, SSAB reached an agreement with Amazon Web Services (AWS) for its green steel, produced by the Hybrit consortium, of which SSAB is a member alongside mining firm LKAB and Vattenfall. The steel will be used for the fa\u00e7ade of AWS data centres in Sweden, with the first phase of the Hybrit project expected to begin operations in 2027.<\/p>\n

In November, DH2 Energy launched an auction for 1,700 tonnes of renewable hydrogen per year from its 35MW Hysencia project in Spain, which received funding through the first European Hydrogen Bank pilot auction in April. The offtake auction will begin with a pre-qualification round until 18 December, followed by a qualification round until the end of January, with final offers set to be negotiated by mid-March 2025. The project, which has already received an environmental permit, is scheduled to begin construction in mid-2025 and is expected to come online in 2027. The developer clearly has strong confidence in the market, announcing in December plans to build four additional electrolytic projects in Spain, with a combined capacity of 1.5GW.<\/p>\n

Equinor has taken a similar approach, launching a \u2018hydrogen open season\u2019 in December to identify potential offtakers for its 1GW H2M Eemshaven project in the Netherlands. They will prioritise offtakers interested in booking at least 50MW of the project\u2019s capacity. Both this open season and DH2 Energy\u2019s auction mechanism offer a transparent and public approach to securing offtake agreements, potentially expanding the reach of these projects by attracting a broader range of participants.<\/p>\n

Funding<\/em><\/p>\n

The EU launched the second auction of the European Hydrogen Bank (EHB) in December, following the success of the \u20ac800mn pilot auction in April. This round offers a total of \u20ac2bn in funding. Of this, \u20ac1bn is allocated for any end-use sector, while \u20ac200mn is specifically designated for maritime hydrogen fuels. The remaining \u20ac836mn has been allocated by Spain, Austria and Lithuania for their own domestic projects through the \u2018auction-as-a-service\u2019 mechanism that the EHB offers. Germany, however, has cancelled its previously announced \u20ac350mn tender due to issues with the auction\u2019s design, which restricts industrial users receiving other subsidies from accessing this funding.<\/p>\n

Bidders in the second auction are also subject to a restriction on electrolyser stacks, with no more than 25% of the stacks allowed to be manufactured in China. However, this restriction does not apply to Chinese manufacturers that have facilities in the EU. For instance, Chinese electrolyser manufacturer Hygreen Energy announced plans to invest \u20ac2bn in at least two facilities in Andalusia, Spain, as part of its ongoing expansion in the region.<\/p>\n

Infrastructure<\/em><\/p>\n

H2Med partners Enagas, GRTgaz, REN, OGE and Terega have officially launched a Call for Interest for their joint hydrogen pipeline development project, which aims to interconnect Portugal, Spain, France and Germany. The Call for Interest will remain open until 18 December, allowing the project developers to assess the needs of future infrastructure users across the value chain. Following the announcement in November, 16 European companies[3]<\/a> across the participating countries formed an alliance in December, aimed at establishing a European hydrogen single market. The involvement of these major players highlights growing confidence in Europe\u2019s ability to build a robust renewable hydrogen market, despite the ongoing challenges faced this year.<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h6″ style=”color-strip-reveal” color=”Accent-Color” text=”Key European Project Watch”][vc_column_text css=”” text_direction=”default”]Key project announcements and developments in November and December[\/vc_column_text][vc_table][align-left]Project,[align-left]Update|[align-left]MadoquaPower2X,[align-left]The%20MadoquaPower2X%20consortium%20(Madoqua%20Renewables%2C%20Power2X%20and%20Copenhagen%20Infrastructure%20Partners%20(CIP))%2C%20has%20signed%20a%20Memorandum%20of%20Understanding%20(MoU)%20with%20the%20Port%20of%20Sines%2C%20Port%20of%20Rotterdam%2C%20and%20duisport%20to%20develop%20a%20green%20fuels%20corridor.%20The%20agreement%20includes%20a%20%E2%82%AC500mn%20investment%20to%20enable%20exports%20of%20renewable%20hydrogen%2C%20its%20derivatives%20and%20CO2.%20The%20planned%20corridor%20will%20utilise%20Madoqua’s%20Green%20Fuels%20Terminal%20(green%20fuels%20storage%20and%20bunkering)%20in%20the%20Port%20of%20Sines%2C%20which%20received%20EU%20CEF%20funding%20in%20July%202024.%20The%20consortium%20is%20currently%20developing%20a%201.2GW%20electrolytic%20hydrogen%20project%2C%20producing%20both%20hydrogen%20and%20green%20ammonia%20to%20supply%20local%20industry%20and%20export%20to%20industrial%20users%20in%20the%20Netherlands.%20The%20500MW%20Phase%201%20of%20the%20project%20was%20successful%20in%20the%20first%20round%20of%20the%20European%20Hydrogen%20Bank%20auction%20receiving%20%E2%82%AC245mn%2C%20the%20largest%20amount%20of%20funding%20given%20to%20any%20project%20in%20the%20round.%20FID%20is%20expected%20to%20be%20taken%20in%20December%202025.|[align-left]Enova%20Funding,[align-left]Enova%20announced%20it%20would%20invest%20over%20NOK%20777mn%20(%E2%82%AC66mn)%20in%20five%20hydrogen%20production%20projects%20to%20support%20the%20maritime%20industry%E2%80%99s%20shift%20to%20hydrogen%20fuel.%20The%20funded%20projects%20are%20located%20along%20Norway%E2%80%99s%20coast%20from%20Slagentangen%20to%20Bod%C3%B8%20and%20aim%20to%20establish%20a%20robust%20hydrogen%20value%20chain%2C%20boosting%20hydrogen%20availability%20for%20sustainable%20maritime%20transport.%20The%20five%20projects%20represent%20120MW%20of%20electrolyser%20capacity%2C%20equivalent%20to%2040%20tonnes%20of%20hydrogen%20per%20day.%20Enova%20says%20this%20is%20enough%20hydrogen%20to%20reduce%20CO2%20emissions%20by%20200%2C000%20tons%20per%20year%2C%20representing%205.5%25%20of%20Norway’s%20maritime%20and%20fishing%20emissions.%20The%20five%20projects%20awarded%20funding%20are%3A%20Fjord%20Base-Flor%C3%B8%3A%20NOK%20180mn%20to%20a%2020MW%20project%20developed%20by%20HyFuel%3B%20Slagentangen%20Green%20Ammonia%3A%20NOK%20144mn%20to%20a%2010MW%20project%20developed%20by%20GreenH%3B%20Vestbase%20Kristiansund%3A%20NOK%20118mn%20to%20a%2010MW%20project%20developed%20by%20GreenH%3B%20Bod%C3%B8%20Hydrogen%20Hub%3A%20NOK%20128mn%20to%20a%2020MW%20project%20being%20developed%20by%20GreenH%3B%20Kaupanes%20Hydrogen%3A%20NOK%20206mn%20to%20a%2020MW%20project%20being%20developed%20by%20Dalane%20Energi.|[align-left]Methavert,[align-left]The%20French%20government%20has%20allocated%20land%20at%20Le%20Havre%20for%20three%20industrial%20projects%2C%20two%20of%20which%20will%20produce%20and%20import%20renewable%20hydrogen%20or%20its%20derivatives.%20US%20gas%20firm%20Air%20Products%20is%20set%20to%20invest%20%E2%82%AC1.1bn%20(%241.2bn)%20in%20building%20a%20renewable%20hydrogen%20import%20hub%20on%20its%20parcel%20of%20land%2C%20while%20French-headquartered%20renewables%20company%20Qair%20has%20pledged%20%E2%82%AC500mN%20for%20an%20e-methanol%20project%2C%20named%20Methavert%2C%20at%20its%20site.%20Both%20projects%20will%20benefit%20from%20existing%20infrastructure%2C%20accelerated%20approval%20procedures%2C%20grid%20connections%2C%20and%20direct%20aid%20for%20preliminary%20studies%20from%20Haropa%20Port.%20Methavert%20will%20have%20the%20capacity%20to%20produce%20200%2C000%20tonnes%20of%20methanol%20per%20year%20for%20the%20decarbonisation%20of%20maritime%20transport%20and%20hard-to-abate%20industries.%20The%20plot%20of%20land%20the%20project%20is%20being%20developed%20on%20is%20one%20of%20five%20Haropa%20Port%20parcels%20designated%20as%20%E2%80%98France%202030%20industrial%20sites%E2%80%99%20in%20May%202024%20and%20benefits%20from%20government%20support%20for%20the%20implementation%20of%20industrial%20projects.|[align-left]Green%20Wilhelmshaven,[align-left]Uniper%20has%20selected%20Electric%20Hydrogen%20as%20the%20technology%20provider%20for%20the%20first%20phase%20of%20their%20Green%20Wilhelmshaven%20hydrogen%20project.%20Electric%20Hydrogen%20will%20provide%20a%20200MW%20proton%20exchange%20membrane%20(PEM)%20electrolyser%20for%20Uniper’s%20project%20in%20Northern%20Germany.%20The%20project%2C%20which%20began%20preliminary%20front-end%20engineering%20design%20(pre-FEED)%20in%20October%202024%2C%20aims%20to%20transform%20the%20site%20of%20Uniper%E2%80%99s%20former%20coal-fired%20power%20plant%20into%20a%20hub%20for%20renewable%20energy%20production%20and%20ammonia%20imports.%20Powered%20by%20wind-generated%20electricity%2C%20the%20electrolysis%20facility%20will%20produce%20zero-carbon%20hydrogen%20for%20industrial%20sectors%20like%20chemicals%2C%20steel%20and%20transport%2C%20while%20the%20adjacent%20ammonia%20terminal%20will%20enhance%20Germany’s%20hydrogen%20supply%20network.%20The%20Green%20Wilhelmshaven%20project%20has%20been%20recognised%20as%20a%20%22Project%20of%20Common%20Interest%22%20by%20the%20EU%20and%20is%20expected%20to%20have%20an%20installed%20electrolysis%20capacity%20of%201GW%20by%202030%20with%20the%20first%20200MW%20by%202028.|[align-left]La%20M%C3%A8de%20biorefinery,[align-left]Air%20Liquide%20is%20set%20to%20devlop%20and%20operate%20a%20hydrogen%20production%20unit%20at%20TotalEnergies’%20La%20M%C3%A8de%20biorefinery%20in%20southeast%20France.%20TotalEnergies%20has%20set%20a%20goal%20to%20decarbonise%20their%20hydrogen%20used%20in%20European%20refineries%20by%202030.%20The%20hydrogen%20is%20expected%20to%20be%20produced%20via%20a%20steam%20methane%20reforming%20(SMR)%20unit%20with%20CCS%20and%20the%20project%20is%20expected%20to%20have%20a%20capacity%20of%2025%2C000%20tonnes%20of%20hydrogen%20per%20year.%20TotalEnergies%20will%20use%20the%20hydrogen%20to%20produce%20biodiesel%20and%20sustainable%20aviation%20fuel%20(SAF)%20with%20byproducts%20from%20this%20process%20to%20be%20recycled%20as%20feedstock%20for%20the%20SMR%20unit.%20TotalEnergies%20and%20Air%20Liquide%20are%20investing%20%E2%82%AC150mn%20into%20this%20project%2C%20which%20is%20expected%20to%20be%20operational%20in%202028.%20This%20project%20comes%20after%20the%20announcement%20of%20an%20electrolytic%20project%2C%20Masshylia%2C%20which%20is%20being%20developed%20in%20partnership%20with%20ENGIE.%20Masshylia%20will%20also%20provide%20hydrogen%20for%20the%20biorefinery%20with%20the%20first%2020MW%20expected%20to%20come%20online%20in%202029.%20The%20total%20potential%20reduction%20in%20CO2%20emissions%20for%20the%20biorefinery%20from%20both%20projects%20is%20expected%20to%20be%20130%2C000%20tonnes.|[align-left]Narvik%20Green%20Ammonia,[align-left]Aker%20Horizons%20has%20signed%20a%20conditional%20term%20sheet%20with%20VNG%20for%20the%20annual%20supply%20of%20up%20to%20150%2C000%20tonnes%20of%20ammonia%20from%20the%20Narvik%20Green%20Ammonia%20project%20in%20Norway%2C%20starting%20in%202029.%20This%20agreement%20builds%20on%20a%20previous%20letter%20of%20intent%20but%20reflects%20a%20narrower%20scope%2C%20with%20reduced%20quantities%20and%20a%20delayed%20timeline.%20The%20Narvik%20plant%2C%20developed%20with%20Statkraft%20and%20powered%20by%20renewable%20energy%2C%20will%20have%20up%20to%20600MW%20of%20electrolysis%20capacity%20to%20produce%20450%2C000%20tonnes%20of%20ammonia%20annually.%20The%20deal%20marks%20a%20significant%20step%20in%20advancing%20industrial-scale%20production%20and%20distribution%20of%20green%20hydrogen%20and%20ammonia%20in%20Europe%2C%20with%20VNG%20set%20to%20supply%20German%20customers%20with%20ammonia%20directly%20or%20by%20cracking%20ammonia%20into%20hydrogen.|[align-left]GreenRoot,[align-left]VNG%20AG%20and%20HyCC%20(a%20JV%20between%20Nobian%20and%20Macquarie’s%20Green%20Investment%20Group)%20have%20announced%20plans%20to%20develop%20GreenRoot%2C%20a%20500MW%20electrolytic%20hydrogen%20project%20located%20in%20Lutherstadt%20Wittenberg%20in%20central%20Germany.%20This%20follows%20a%20September%202022%20press%20release%2C%20which%20announced%20the%20launch%20of%20%22large-scale%20(renewable)%20hydrogen%20production%20to%20help%20industries%20in%20Central%20Germany%20reduce%20their%20CO2%20emissions%22%20and%20a%20MoU%20signed%20between%20the%20project%20partners.%20The%20project%20is%20intended%20to%20support%20the%20development%20of%20the%20German%20hydrogen%20market%2C%20with%20plans%20to%20supply%20hydrogen%20into%20the%20country’s%20core%20hydrogen%20network%20and%20to%20industrial%20offtakers%20to%20reduce%20their%20carbon%20emissions.%20Local%20ammonia%20producer%2C%20SKW%20Piesteritz%2C%20is%20a%20potential%20offtaker%20in%20the%20Agro-Chemie%20Park%20Piesteritz%2C%20neighbouring%20the%20planned%20project%20site.%20FID%20is%20expected%20in%202026%2F2027%2C%20with%20planned%20operation%20in%202029.[\/vc_table][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css=”” text_direction=”default”][1]<\/a> Set in the EU\u2019s 2023 Delegated Act \u2013 focus on additionality, time matching and geographic correlation to ensure renewable hydrogen production doesn\u2019t rely on renewable energy that would otherwise decarbonise the grid, thus avoiding fossil fuels.
\n[2]<\/a> Hydrogen Insight, November 2024.
\n[3]<\/a> Thyssenkrupp Nucera, CIP, DH2, Elyse Energy, Enagas, GRTgaz, HDF, Hynamics, Moeve, OGE, QAIR, REN, SEDE, SHS, Terega and Thyssenkrupp Steel Europe.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]If you have any project updates that you would like to share with Westwood’s Hydrogen team, please contact Jun using the contact details below.<\/p>\n

Jun Sasamura,<\/strong> Manager \u2013 Hydrogen<\/em>
\njsasamura@westwoodenergy.com<\/a>[\/vc_column_text][divider line_type=”Full Width Line” line_thickness=”1″ divider_color=”default” custom_height=”60″][divider line_type=”No Line”][vc_column_text]View all issues of Hydrogen Compass here:<\/strong>[\/vc_column_text][nectar_btn size=”medium” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” text=”Hydrogen Compass Listing” url=”https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#3756a5″ scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”form” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”padding-3-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][nectar_animated_title heading_tag=”h6″ style=”color-strip-reveal” color=”Accent-Color” text=”Sign-up to receive the latest Hydrogen insights”][vc_raw_html css=””]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[\/vc_raw_html][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

Westwood\u2019s monthly digest covering Europe\u2019s latest hydrogen market and project developments<\/p>\n","protected":false},"author":13,"featured_media":16531,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[353,430,555,791,551],"tags":[605,354,774,606,816,604,660,879,509],"class_list":{"0":"post-17035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all_articles","8":"category-energy-transition","9":"category-hydrogen","10":"category-jun-sasamura","11":"category-new-energies","12":"tag-blue-hydrogen","13":"tag-energy-transition","14":"tag-europe","15":"tag-green-hydrogen","16":"tag-h2","17":"tag-hydrogen","18":"tag-hydrogen-scale-up","19":"tag-projects","20":"tag-renewable"},"acf":[],"yoast_head":"\nHydrogen Compass - December 2024 - Westwood<\/title>\n<meta name=\"description\" content=\"The European hydrogen market has seen its share of volatility in 2024, with slow progress and uncertainty defining much of the year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass-december-2024\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hydrogen Compass - 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