top of page

Ursula von der Leyen: Europe Leads in Hydrogen Investment Attracting Billions

16 Sept 2023

During a plenary session of the European Parliament in Strasbourg, Ursula von der Leyen, President of the European Commission (EC), made a significant announcement. She revealed that the European Union (EU) is now drawing more investment in hydrogen energy development than both the United States and China combined. While specific figures were not provided, this statement underscores the EU's growing stature as a global leader in hydrogen technology and clean energy solutions.

A Triumph for Clean Industry

President von der Leyen also celebrated the EU's achievements in adapting its industrial landscape to meet increasingly stringent environmental standards. She proudly noted that in the past five years, the number of clean steel plants in Europe has surged from zero to an impressive 38. This transformation aligns with environmental objectives while positioning the EU as a hub for environmentally conscious industrial practices.

Innovations on the Horizon

The EC president unveiled an exciting development on the horizon. She announced that Europe is preparing to launch its first container ship, powered by environmentally friendly methane produced using solar energy, on September 14 in Denmark. This groundbreaking vessel serves as a tangible manifestation of the EU's commitment to sustainable and innovative transportation solutions.

A Green Transition Requiring Bold Investments

Ursula von der Leyen's announcement echoes sentiments expressed in a draft EC report previously covered by Bloomberg. According to this report, the European Union acknowledges the necessity of bold investments to facilitate its transition to a green economy. To realize this vision and eliminate its reliance on Russian fossil fuels, the EU must invest an additional $763 billion annually. This substantial commitment underscores the EU's determination to lead the way in sustainability and carbon reduction.

The EU's ability to attract substantial investment in hydrogen energy signifies a significant step toward a cleaner and more sustainable future, positioning Europe as a prominent player in the global clean energy landscape.

bottom of page