Cyprus shapes up Europe’s first hydrogen valley

A consortium comprising 27 companies from various countries, including Greece, the Netherlands, Lebanon, and Roumania, is embarking on a groundbreaking endeavour to establish Europe’s inaugural “Hydrogen Valley.” This ambitious project is poised to transform the region’s energy landscape, with a strong emphasis on the production of green hydrogen.

Green hydrogen, produced using renewable energy sources, notably solar power in the case of Cyprus, is gaining increasing recognition as a clean and sustainable energy carrier. George Papanastasiou, Cyprus’s Minister of Energy, Commerce, and Industry, has revealed that several Cypriot companies have proposed pilot projects for green hydrogen production. Additionally, a technical committee has been appointed to assess hydrogen’s potential role in the domestic market.

The European Hydrogen Strategy initially targeted 10 million tons of annual hydrogen production by 2030. However, with the recent REPowerEU initiative, this ambitious goal has been doubled to 20 million tons, inclusive of imports. Cyprus is positioning itself as a leading player in this hydrogen revolution.

A study supported by the European Commission has identified various avenues for integrating hydrogen into the energy mix, including applications in cement and electricity production, as well as road, maritime, and air transportation. The versatility of green hydrogen makes it a pivotal player in achieving a sustainable energy transition.

The concept of a hydrogen valley encompasses the entire value chain of hydrogen, from production and storage to distribution and consumption. It represents a holistic approach to harnessing the potential of hydrogen as an energy carrier. Cyprus and its international consortium partners are united in their commitment to realising this vision.

Green hydrogen is generated through electrolysis, a process that employs renewable electricity to split water into hydrogen and oxygen. State aid is available to support green hydrogen production, and Cyprus aims to harness this technology for the greater good. Andreas Poulikkas, Head of Cyprus Energy Regulatory Authority, envisions hydrogen dominating various sectors, including transportation, by 2050, marking a significant departure from fossil fuels.

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