Mission Innovation meeting

Hydrogen Sector 25.08.21
Written by: HYCAP

On June the 2nd, the European Commission, the UK and the US, and ministers from Australia, Austria, Canada, Chile, China, Germany, India, Italy, Morocco, Norway, Saudi Arabia, Republic of Korea, made a joint commitment to collaborate on a Clean Hydrogen Mission at the Mission Innovation Ministerial meeting
in Chile.

Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth, said:

“The European Commission, together with the Fuel Cells and Hydrogen Joint Undertaking and EU Member States, will further develop the hydrogen valleys in Europe and abroad. Creating a strong network and decreasing the cost of clean hydrogen is a significant step towards achieving our ambitious EU climate goals by 2030.”

The aim of the Clean Hydrogen Mission is to deliver a minimum of 100 large-scale integrated hydrogen valleys worldwide, and diminish the costs of clean hydrogen to 2 dollars per kilogram by 2030.

 

Hydrogen valleys are integrated hydrogen value chains, which include the production, storage, and distribution of hydrogen to end-users.

The Mission will assemble a robust alliance between countries, research institutes, businesses and investors, to accelerate innovation in clean hydrogen as part of a global clean hydrogen economy, in alinement with the European Green Deal objectives.

The initial period of The Clean Hydrogen Mission is five years, with an extension of a further five years to enable execution of its key objectives by 2030.

“The Mission will assemble a robust alliance between countries, research institutes, businesses and investors“

Mission Innovation is a global initiative by the European Commission, on behalf of the EU and 22 countries, established to help accelerate global clean energy innovation, achieving performance breakthroughs and cost reductions, and creating affordable and reliable clean energy solutions that are widely available.