European companies form alliance to promote hydrogen market

About 20 European companies, including steel, energy and hydrogen producers, have formed an alliance to promote a single European hydrogen market through the H2Med corridor. This is stated in the message of Thyssenkrupp Nucera.

The initiative brings together companies from France, Germany, Portugal, and Spain and provides a way to combine hydrogen production, storage, and consumption projects. The alliance aims to accelerate the implementation of the H2Med corridor by the early 2030s, contributing to the decarbonization of industrial sectors.

The initiative will contribute to the development of the corridor and the creation of a strong hydrogen value chain, including the Iberian Peninsula and Northwest Europe. The Alliance is also aligned with European goals such as the European Green Deal.

“Consistent and rapid expansion of infrastructure is essential for the growth of the hydrogen economy, as project developers depend on its timely completion to make final investment decisions. Our alliance brings together the strengths of leading European companies to drive the energy transition by connecting supply and demand, increasing production capacity and creating a trans-European hydrogen ecosystem,” said Dr. Werner Ponikvar, CEO of Thyssenkrupp Nucera.

The alliance includes the German steel groups Thyssenkrupp Steel and Stahl-Holding Saar (parent holding of Dillinger and Saarstahl). Its other members are Thyssenkrupp Nucera, CIP, DH2, Elyse Energy, Enagas, GRTgaz, HDF, Hynamics, Moeve, OGE, QAIR, REN, SEFE and Terega.

The European steel industry is set to become a major consumer of renewable hydrogen, with German steelmakers having some of the most ambitious plans in the region for its use. Potential demand from the country’s steel sector could reach 850 thousand tons of hydrogen per year by 2030.