World Energy Council launches Hydrogen Global Charter
by David Fleschen
The World Energy Council has launched the Hydrogen Global Charter today. The initiative aims to be a platform to recognize the momentum of hydrogen as a complement to electrification as well as the long-term storage option for renewables.
The Charter is about collecting the commitments to consume, enable, and invest in clean hydrogen. The goal of the Hydrogen Global Charter is to simply amass the scattered efforts around the world and create a common platform that recognizes and celebrates progress toward bringing scalable and cost-effective clean hydrogen to the market.
Any company, government or organization working to enable and create demand for clean hydrogen can sign on to the Charter. The Council is delighted to announce that as we launch the Charter today, we have two companies who have already signed on to the Charter:
1 - Snam, one of Europe's leading energy infrastructure companies, is the first industrial signatory of the charter. Snam is heavily involved in promoting hydrogen as a clean energy source: it was the first company in Europe to experiment the injection of hydrogen in its gas transmission network, supplying H2NG (hydrogen-natural gas mixture) to two industrial companies.
2 - SWEN Capital Partners is the first investor signatory of the charter. SWEN CP recognises the role of renewable gas to achieve the decarbonisation of the entire energy system. SWEN Capital Partners created a dedicated investment vehicle, SWEN Impact Fund for Transition, and will deploy up to €120m by 2025 towards companies that are producing and distributing biogas and low carbon hydrogen.
There are no financial commitments or other implications apart from a participant’s own chosen objective. Participants set their own target, e.g. consume X tonne/increase X% blue and/or green hydrogen per year towards 2030. Signing the Hydrogen Global Charter is voluntary and non-binding.
The Council is looking forward to adding other investors, companies and governments to the Charter. There are no financial commitments or other implications apart from a participant’s own chosen objective. The Council will gather and facilitate demand and will also be the champion of a participant’s progress, while championing clean hydrogen as a complement to electrification, as we all work to achieve decarbonization of the global economy.
Source: World Energy Council, Photo: Fotolia