“This transformation, for us, is within reach and requires accelerating investment in renewable energy,” said Francesco Starace, endorsing the steps the European Commission is taking towards the decarbonisation of European society. The Enel CEO and General Manager confirmed this during his speech at the European Hydrogen Forum, which took place on 26 November 2020 and gathered leaders from industry, politics, governments and the research community. The aim of the event was to foster the adoption of green hydrogen policies and to discuss the latest developments in the field. The Forum is a major event of European Hydrogen Week, which is jointly organised by the European Commission’s Directorate General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) and the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), in collaboration with Hydrogen Europe and Hydrogen Europe Research.
We are developing green hydrogen projects in Spain, Chile and the United States. We have plans together with Eni for their refineries, and with Snam and other players for other applications in Italy
Francesco Starace, Enel CEO
In his speech, CEO and General manager Francesco Starace highlighted Enel’s experience in this area: “We are developing green hydrogen projects in Spain, Chile and the United States. We have plans together with Eni for their refineries, and with Snam and other players for other applications in Italy.” The Group’s commitment has been also confirmed by its 10-year vision to 2030, which was presented on 24 November 2020 along with the 2021-2023 Strategic Plan. Over the next ten years, the Group plans to grow its green hydrogen capacity to over 2 GW. Furthermore, Enel plans to integrate electrolysers with renewable plants producing electricity for direct sale and dispatching services, to support the further penetration of the grid by renewable energy and to sell green hydrogen to industrial customers as well.
Starace focused on the value of such projects, stressing that for some sectors green hydrogen is the real answer to decarbonisation. “There are sectors like the cement, fertilizer and chemical industries – as well as transport by sea or air – that cannot be fully electrified. They need green hydrogen if we want to achieve a fully zero-emission society,” he said. However, he noted that technological development is only in its initial phase: “We have to accelerate its pace and study its evolution carefully to avoid mistakes in capital allocation and bets on solutions that need to be tested before large investments are mobilised.”
Enel editorial staff