The European Union's goal of producing 10 million tonnes of renewable hydrogen by 2030 are at odds with current market reality, where production and regulation costs leave investors unconvinced.
The development of a hydrogen market in the European Union is far from meeting an ambitious 2030 target thanks to high fuel production costs and regulatory uncertainty, according to the latest report from the bloc's energy regulators.
The warning from the Agency for the Cooperation of Energy Regulators (ACER) comes as the EU tries to encourage hydrogen projects in a bid to reduce reliance on fossil fuels.
But critics argue that investments in hydrogen infrastructure will end up backing dirty hydrogen or even natural gas given the immaturity of the hydrogen market and the high energy costs of producing the gas cleanly.
True renewable hydrogen, or "green hydrogen", is produced using electrolysers, which split water into hydrogen and oxygen. These can be powered using renewable sources such as solar, wind and hydropower.
Full story EU hydrogen market hampered by costly production and uncertainty, energy regulators say | Euronews
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