10/7/2021 | Institutional
Galp signs Manifesto to speed-up Green Hydrogen deployment and expansion in Europe
- Parties define 12 actions that national and European decision-makers should take to accelerate the development of Green Hydrogen in Europe
- Manifesto is supported by more than 80 companies involved in renewable hydrogen projects throughout the continent
- Galp is studying the development of a large green energy park in Sines that has production of hydrogen from renewable sources as its centerpiece
Galp yesterday became one of the more than 80 signatories of the Green Hydrogen Manifesto, which defines a set of 12 actions that national and European policymakers should take for Europe to remain at the forefront of hydrogen production projects powered by renewable energy sources.
The Manifesto was announced at Smarter E Europe 2021's Green Hydrogen Forum, which closes this Friday in Munich. Its promoters are Hydrogen Europe, the German Hydrogen Association (DWV), The Smarter E, and the European Fuel Cell and Electrolyser Forum (EFCF).
The measures advocated by the signatories include the definition of rules to evaluate and compare the various types of hydrogen according to their CO2 emissions or their geographical origin, sustainability criteria, and certification.
The manifesto calls for measures to reduce costs for final consumers and to promote investments in industrial equipment conversion. The takeoff of green hydrogen also requires the adoption of specific market regulations, balanced ways to define market prices, and support for the creation of national distribution networks, among other measures.
Galp aims to build a green energy park capable of attracting industries whose competitiveness depends on access to clean and diversified energy sources, benefiting from the abundance of renewable energy sources in Portugal, namely wind and photovoltaic energy.
The centerpiece of this project is the gradual installation of electrolysis capacity over the next few years at its Sines site, which should reach 100 MW in 2025 and between 600 MW and 1 GW in 2030. Green hydrogen is key to the decarbonization of the refining process, industrial processed and heavy-duty road transport, but also to feed new production chains for synthetic clean aviation and marine fuels.
Read the original Manifesto here.