"In 2022, the Australian mining and energy company Fortescue signed a deal with E.On, a German energy network and infrastructure operator, to supply up to five million tons of low-emission green hydrogen to Europe annually. "The race for large-scale production and transportation of green hydrogen has taken off," said Robert Habeck, then German minister for economic affairs and climate action, of the deal. Adding that it would be the start of a "future without fossil fuels.""
"Because it can power everything from trucks to long-distance trains. As well as provide stock for chemicals and fertilizers and act as a potential solution for heavily polluting industries like steel and iron production that traditionally rely on climate-wrecking coal power, it has been at the center of plenty of hype. But three years after reaching agreement, the German-Australian deal is dead."
"E.On has since retreated from investment in large-scale green hydrogen infrastructure and has slashed import targets. "International hydrogen imports, hydrogen production, and midstream activities will be deprioritized," E.On spokesperson Alexander Ihl told DW. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video And it's not the only sign of a mismatch between ambition and reality."
Green hydrogen was promoted as a solution for decarbonizing heavy industry, long-distance transport, and as feedstock for chemicals and fertilizers. Large export deals were announced, including a 2022 agreement for up to five million tons annually from Fortescue to Europe and political endorsements framing imports as a route to a fossil-free future. Many planned projects and investments have been canceled or deprioritized; major utilities have retreated from large-scale hydrogen infrastructure and slashed import targets. EU production and import ambitions for 2030 now appear unlikely, with only about 17% of planned projects expected to be realized by the decade's end.
Read at www.dw.com
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