Germany will join a new hydrogen pipeline project between Spain, Portugal and France, according to the Franco-German declaration at the 60th anniversary of the Elysee Treaty (on 22 January).
By 2030, the H2Med project, which will link Portugal, Spain, France, and now Germany, will be able to meet 10% of the hydrogen demand in the EU. The pipeline under the Mediterranean Sea will carry green hydrogen, made from water via electrolysis using renewable energy.
The Spanish government estimates H2Med will be able to supply some 2 million t/yr of hydrogen. It comes as Europe scrambles to reduce dependence on Russian energy and shift from fossil fuels to cleaner energy.
At the celebration of the treaty in Paris, German Chancellor, Olaf Scholz and French President, Emmanuel Macron said they were “stepping up our investments in the technologies of tomorrow, particularly renewable and low carbon energies.” A joint working group between the two countries will make “recommendations on our strategic choices regarding hydrogen development,” at the end of April 2023.
Macron said after hosting Scholz in Paris, “We started to talk about a strategy for what we want to do on an energy point of view.” Scholz noted, “We want hydrogen to be available in large quantities and at affordable prices as the gas of the future.” He added, “This is a technological advance that we can only achieve together. And we have also agreed closely that we want to achieve this together.”
When Madrid, Paris and Lisbon agreed in December to build the pipeline, it was expected to cost €2.5 billion (US$2.6 billion). It isn’t stated how much Germany’s inclusion would add to the costs.
Read the article online at: https://www.worldpipelines.com/project-news/24012023/germany-joins-h2med-pipeline-project/
You might also like
Bill Chilton has been announced as the new Diving Manager at the International Marine Contractors Association.