Image: EHBEurope’s gas transmission system operators (TSOs) are planning to make substantial investments and can point to tangible progress on projects for the European hydrogen backbone network. The TSOs also are actively seeking sufficient contractual commitments from future network users to underpin their investment decisions in hydrogen networks, with the first financial investment decision – on the Hydrogen Network Netherlands project to create a national network there – already taken. The European Hydrogen Backbone initiative is a group of currently 33 TSOs spanning the European continent and collaborating to lead hydrogen infrastructure development. The report concludes stating that the initiative views investment in the hydrogen backbone as a necessary step forward for achieving lowest cost societal decarbonisation in Europe. Simply put, the hydrogen infrastructure network is of critical importance for achieving energy transition goals while preserving the competitiveness of the EU.”Originally published on smart-energy.com

Source: The North Africa Journal November 28, 2023 02:10 UTC