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Coalition Aims for 25GW of Green Hydrogen by 2026

Jason Deign of Greentech Media reports that a new coalition of energy giants has announced plans to build 25GW of hydrogen energy by 2026.

The C3 Take
  • This consortium of companies believes that hydrogen will become the preferred energy source in sectors such as steel, fertilizer, and long-range shipping.
  • The coalition also believes that green hydrogen has the potential to power a quarter of the world’s energy production by 2050.
  • Analysis firm Wood Mackenzie predicts that the 2020s will be the “decade of hydrogen” and that the cost of hydrogen could fall by as much as 64% by 2040.

“ACWA Power, CWP Renewables, Envision, Iberdrola, Ørsted, Snam and Yara launched a coalition called the Green Hydrogen Catapult with the aim of deploying 25 gigawatts of renewables-based hydrogen production capacity by 2026.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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