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    Home > Chemicals Industry > Petrochemical News > Greece can produce 500 megawatts of blue hydrogen by 2030

    Greece can produce 500 megawatts of blue hydrogen by 2030

    • Last Update: 2021-06-10
    • Source: Internet
    • Author: User
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    China Petrochemical News Network reported on June 4, according to Ansense, market participants said at an energy conference on June 4 that Greece may produce up to 500 megawatts of blue hydrogen by 2030.


    Participants from several Greek energy companies added that in order to achieve this goal, Greece needs to develop a hydrogen and battery storage framework and a plan to attract investment in carbon capture and storage (CCS) facilities before the end of this year.


    One participant said: “The strategy should also encourage the use of blue hydrogen in the power, industrial and maritime sectors, which is produced through the transformation of natural gas and the use of CCS.


    A member of the company said in the introduction that by 2030, hydrogen may become a liquid commodity, and EnEx Power Exchange is committed to developing this market.


    EnEx has established a hydrogen working group and hopes to jointly develop a hydrogen index with the market.


    EnEx officials added: “Currently there is no transparency regarding the price of hydrogen.


    The forecast model of Greek grid operator DESFA predicts that by 2030, Greece's natural gas consumption will reach 6.


    DESFA said that by 2025, Greece's natural gas consumption for power generation will increase from 3.


      The government should strengthen the development of natural gas and hydrogen and place them at the core of energy planning for the next few years, another participant added.


      In addition to renewable energy, natural gas or hydrogen can also be used to balance fluctuations in Greece's energy structure.


      Cao Haibin is an excerpt from An Xun Si

      The original text is as follows:

      Greece could produce 500MW blue hydrogen by 2030

      Greece could produce up to 500MW of blue hydrogen by 2030, market participants said during an energy conference on 4 June.


      To achieve the target the country needs to develop a hydrogen and battery storage framework by the end of the year and set a plan for attracting investment in carbon capture and storage (CCS) facilities, added participants from several Greek energy firms.


      “The strategy should also encourage power, industry and maritime sectors towards blue hydrogen, which is produced by reforming natural gas and using CCS,” said one participant.


      Hydrogen could become a liquid commodity by 2030 and the power exchange EnEx is committed to developing this market, said a member of the company in its presentation.


      EnEx created a hydrogen working group and is looking to develop a hydrogen index together with the market.


      "There is no price transparency for hydrogen yet.


      Grid operator DESFA's forecast model expects gas consumption in Greece to reach 6.
    1 billion cubic metres (bcm) by 2030 due to 1.
    4GW combined cycle gas turbines scheduled to come online and the national energy strategy backing a number of gas projects.

      DESFA said Greek gas consumption for power generation is set to increase from 3.
    3bcm this year to 3.
    4bcm in 2025, as the country plans to phase out the majority of its coal-fired capacity by 2023.
    Generation from gas units covered 40% of the power demand between 30 May to 5 June, while renewables covered 25%, imports stood at 24%, hydro 8% and lignite with 3%, according to the weekly report from the power exchange EnEx.

      The government should enhance the development of gas and hydrogen and place them at the heart of energy planning in the coming years, added a second participant.

      Gas or hydrogen units could operate in addition to renewables, balancing the fluctuations in the Greek energy mix.

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