Monday, November 23, 2020
Home Finance & Regulations New member of the European Clean Hydrogen Alliance: Eesti Energia is in!

New member of the European Clean Hydrogen Alliance: Eesti Energia is in!

Estonia’s energy company Eesti Energia joined the European Clean Hydrogen Alliance (ECHA) with the aim of accelerating the delivery of innovative, clean and future-oriented energy solutions to Estonia as well as to the company’s other home markets, thereby supporting the green revolution in the region.

In the near future, Eesti Energia would like to launch pilot projects for the production of green hydrogen with the help of its wind farms in the near and in cooperation with other companies, deliver the production to end-users, such as rail, city, or road transport.

Margus Vals, Member of the Management Board of Eesti Energia declared that as the largest producer of renewable energy in the region, the company has the potential to become the leading producer of green hydrogen in the Baltics, taking advantage of its existing wind farms.

“The vigorous reduction of carbon emissions in recent years and the increase of renewable energy production have enabled Eesti Energia to make a significant contribution to the fact that we are already meeting the 2030 climate goals,” said Mr Vals. “In achieving long-term climate goals, the European Commission’s hydrogen strategy sees hydrogen as one of the key components which should cover 60 per cent of seasonal energy storage needs by 2050.”

“By developing the capacity to produce hydrogen from renewable energy at an industrial level, we can solve several burning issues,” he continued. “We will have the possibility to save the output of renewable energy that depends on the weather, support significant reductions in the emissions from the polluting transport sector that uses fossil fuels and create new competence-based on future technologies in Estonia. To achieve them, we need support and partners that we can get by being a member of the Alliance.”

To be a part of the ECHA enables Eesti Energia to be at the forefront of developments and to directly influence the green revolution in Estonia, in the company’s home markets and in the whole of Europe. Mr Vals believes that Estonia has the potential to become an important player in the development of hydrogen technology in the world, just like they have been in the information technology or oil shale sectors for decades.

Eesti Energia is yet another company from the region to join the Alliance, after Latvia’s gas transmission and storage operator Conexus Baltic GridPolish oil and gas company PGNiG and the Gas Transmission System Operator of Ukraine (GTSOU).

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