FEV has joined the European Clean Hydrogen Alliance to support the development of a competitive hydrogen industry on a transnational scale.
Within the framework of the European Alliance for Clean Hydrogen, FEV is committed to the joint sustainable development of a European hydrogen industry as a contribution to achieving full CO2 neutrality.
Go deeper with GlobalData
The alliance is an initiative of the European Union.
In 2015, the Paris Climate Conference agreed to reduce CO2 emissions by 38% by 2030 and 80% by 2050. With the ‘Green Deal’, the EU Commission has further tightened these requirements and aims to achieve a reduction of at least 50% by 2030 and complete climate neutrality by 2050.
“Speaking in development cycles of the transport sector, the future is already just around the corner,” said FEV Group president and CEO, Stefan Pischinger.
“In order to achieve the ambitious climate targets, we need a mix of all economically and ecologically reasonable approaches to defossilise the entire sector.
“Hydrogen can be used here as a storage medium for renewable energies, as a basis for synthetic fuels or directly in fuel cells and internal combustion engines.”
Together with experts from EU Member States, companies, associations and research and innovation communities, resources are to be pooled and new impulses and investments created in order to make a contribution to climate neutrality.
The Alliance serves as an exchange forum and covers the entire value chain from hydrogen production, transport and storage to final applications.
“The need for investment, for example in electrolyzers for green hydrogen, is enormous,” added Pischinger. “It is therefore crucial to create clear political incentives and to pursue a common European direction. This is what we want to support through our commitment”.
The alliance plans to bring together 2,000 companies by 2050.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
