In response to the impact of the new crown epidemic, European Commission President Ursula Vondelien is scheduled to announce a relatively “green” economic stimulus plan on the 27th. Ten billion euros.

US Bloomberg News reported that Von Delaine is expected to announce a trillion-euro budget of 2021-2027 and an EU recovery of at least 500 billion euros on May 27 Specific tools. The plan takes into account the 2050 “carbon neutral” emission reduction target set by the European Union, and is therefore more “environmental friendly” than the bailout plan launched by most member governments.

Hydrogen energy consumption currently accounts for less than 1% of total energy consumption in Europe. In order to promote the development of hydrogen energy technology, the EU intends to adopt a number of measures, including: providing support for hydrogen energy production from 5 billion euros to 30 billion euros through the “Innovation Fund” to increase annual output to 1 million tons; Supporting funds for hydrogen energy projects increased to 1.3 billion euros; increased investment in renewable energy and hydrogen energy infrastructure through a special fund managed by the European Investment Bank, this fund of main loans can dispose of 10 billion euros per year .

A major bottleneck that previously restricted the development of hydrogen energy is cost. However, with the development of electrolysis technology, the cost of hydrogen energy has been reduced accordingly. French liquid gas company, German steel manufacturer ThyssenKrupp and Anglo-Shell Oil Company have demonstration projects in this regard.

Some EU member states have begun to independently promote the development of hydrogen energy. The Netherlands intends to expand the capacity of the hydrogen electrolysis plant to 500 MW by 2025 and further increase it to 3,000 to 4,000 MW by 2030. The governments of Germany and the Netherlands have also launched a joint feasibility study to explore the use of offshore wind power plants to produce hydrogen energy.

Bloomberg reported that the economic stimulus plan of the European Commission must be unanimously approved by the governments of 27 member states, and the relevant review process may take several months. The European Commission is scheduled to announce another plan for energy system integration and emission reduction in June, when more hydrogen energy production increases will be introduced.

(original title: EU economic stimulus plan focuses on hydrogen energy)