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Hydrogen sector asks EU to help local firms compete with China [View all]
https://www.reuters.com/sustainability/hydrogen-sector-asks-eu-help-local-firms-compete-with-china-2024-07-01/Hydrogen sector asks EU to help local firms compete with China
By Kate Abnett
July 1, 2024 4:16 PM EDT Updated 3 hours ago
BRUSSELS, July 1 (Reuters) - European manufacturers of hydrogen equipment have urged the European Union to step in to help the industry compete with cheaper Chinese producers, in a letter seen by Reuters on Monday.
The companies, among them Thyssenkrupp Nucera (NCH2.DE), opens new tab, Siemens Energy (ENR1n.DE), opens new tab, and Nel Hydrogen (NEL.OL), opens new tab, want Brussels to do more to ensure Europe-made equipment powers the EU's plan by 2030 to produce 10 million tonnes of renewable hydrogen using electrolysers, machines that use electricity to split water to produce the green fuel.
China is rapidly expanding its production of hydrogen equipment and is now home to 40% of the world's electrolyser manufacturing capacity, up from 10% last year, the letter said, adding that state subsidies were giving Chinese firms an edge.
"This skewed playing-field creates unfair competition and puts European electrolyser manufacturers at a significant disadvantage," said the letter to European Commission President Ursula von der Leyen.
[...]
By Kate Abnett
July 1, 2024 4:16 PM EDT Updated 3 hours ago
BRUSSELS, July 1 (Reuters) - European manufacturers of hydrogen equipment have urged the European Union to step in to help the industry compete with cheaper Chinese producers, in a letter seen by Reuters on Monday.
The companies, among them Thyssenkrupp Nucera (NCH2.DE), opens new tab, Siemens Energy (ENR1n.DE), opens new tab, and Nel Hydrogen (NEL.OL), opens new tab, want Brussels to do more to ensure Europe-made equipment powers the EU's plan by 2030 to produce 10 million tonnes of renewable hydrogen using electrolysers, machines that use electricity to split water to produce the green fuel.
China is rapidly expanding its production of hydrogen equipment and is now home to 40% of the world's electrolyser manufacturing capacity, up from 10% last year, the letter said, adding that state subsidies were giving Chinese firms an edge.
"This skewed playing-field creates unfair competition and puts European electrolyser manufacturers at a significant disadvantage," said the letter to European Commission President Ursula von der Leyen.
[...]
1 replies
= new reply since forum marked as read
= new reply since forum marked as read