Denmark confirms its step towards green hydrogen economy

Date:

On Tuesday, Denmark pledged to build up to six gigawatts (GW) of electrolysis capacity to convert renewable energy into green hydrogen as it looks to wean itself off fossil fuels and boost its energy security.

Hydrogen is categorized as ‘green’ when made with renewable power and is seen as key to help decarbonize industry, though the technology remains immature and costly.

Advertisement

Danish lawmakers agreed to subsidies worth 1.25 billion Danish crowns ($184.83 million) through one tender to support production and make green hydrogen more commercially viable.

“We have had an economy that has been based primarily on oil, but it will be based on hydrogen in the future,” climate and energy minister Dan Jorgensen said.

“This will help us become independent of fossil fuels,” he said, adding that he had reason to expect a faster approval of state aid from the EU given the war in Ukraine.
The European Union is currently struggling to rid itself of Russian gas, oil and other commodities.

Denmark’s goal rests on the comprehensive development of solar and wind energy. Still, Jorgensen declined to say whether the new agreement would trigger new renewable tenders and referred to political talks later this year.

Electrolysis uses electricity to split water into oxygen and hydrogen, which can be used directly for industrial purposes or as a fuel for heavy road transport or aviation, which is challenging to electrify with batteries.

The European Union has set a goal of six GW of electrolysis capacity by 2024 and 40 GW by 2030. Data from the International Energy Agency (IEA) shows that about 0.3 GW of generation capacity from electrolyzers exists today, data from the International Energy Agency (IEA) shows.

Advertisement

 

Share post:

spot_img

Popular

More like this
Related

UK: MP Priti Patel visits Colchester Zoo to celebrate its 60th anniversary

British Conservative Party Politician and Member of Parliament in the United Kingdom, Priti Patel, feels deeply pleasured to visit the Colchester Zoo in England to celebrate its 60th anniversary on Friday, June 2, 2023.

UK: MP Robert Largan receives extra funding of £2,291,718 for High Peak Schools

British Conservative Party Politician and Member of Parliament for High Peak, Robert Largan, expressed her pleasure and gratitude for receiving extra funds for the high peak schools in the United Kingdom Government, which will help students to receive a better, more advanced and more efficient education system. As per the update shared by MP Robert, there has been receiving extra funding of £2,291,718 for schools in High Peak.

Dominica: PM Roosevelt Skerrit urges citizens to protect families, properties amid Atlantic Hurricane Season

Prime Minister Dr Roosevelt Skerrit reminded the citizens and residents of the Commonwealth of Dominica to stay prepared to safeguard their families and properties during the Atlantic Hurricane Season 2023, which began officially on June 1. Several countries in the Eastern Caribbean region are preparing themselves for this year's hurricane season.

UK: MP Michael Ellis hosts Q&A Session at Headlands School, Thorplands Academy, expresses gratitude

British Conservative Party Politician and Member of Parliament for Northampton, North, hosted Q&A Session with Pupils Prepped by Laura Kuenssberg at both Headlands School and at Thorplands Academy, who had previously attended a seminar with the senior BBC journalist Laura Kuenssberg discussing how to interview political figures.