In The Netherlands, Offshore Energy reported that the CEOs from the Renewable Hydrogen Coalition (RHC) have urged European Ministers of Finance to streamline financing to renewable hydrogen and electrolyzer manufacturing capacity within Europe and allocate national budgets to the European Hydrogen Bank.
In a joint letter, the CEOs noted that today, only 4% of projects have reached the final investment decision (FID), and inflationary pressures and increasing interest rates have cast a shadow over investment cases, among other factors.
“Urgent and bold action is required now to realize more projects and supply Europe’s hard-to-electrify sectors with the volumes of green molecules they require. For this, the rapid, non-bureaucratic and targeted deployment of simple and well-focused public financial support is needed,” the CEOs said.
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