Bonne fête nationale! Its Bastille Day today! We take the chance to take a look at the French Low Carbon Hydrogen Production Ecosystem:
With 147 tracked low-carbon hydrogen production projects, France is one of the most important European countries. In our forecast, we estimate, that France will realize 1.7 GW of electrolyzer capacity by 2030.
The French national hydrogen strategy had even bigger ambitions compared to our forecast: France's hydrogen strategy is centered on developing carbon-free hydrogen to drive the energy transition and industrial innovation, with three key objectives: decarbonizing industry by deploying 6.5 GW of electrolyzers by 2030, promoting clean mobility to save over 6 million tons of CO2 by focusing on heavy vehicles and fostering research, innovation, and skill development to create 50,000 to 150,000 jobs. The strategy is supported by a 7 billion euro investment by 2030 to enhance hydrogen technology deployment across various sectors.
But who are the leading innovators pushing the sector forward? Of course, we need to mention Air Liquide at first, the French industrial gas major is already building one of the largest European electrolyzer facilities. The 200 MW grid-based Air Liquide NormandHy project, which we estimate will produce hydrogen at LCOH in a range between 5-7 EUR/kg after subsidies. France also has very exciting technology companies in the field. We need to mention the electrolyzer manufacturers McPhy, Elogen, Genvia & Gen-hy, as well as the low-carbon hydrogen startups Haffner Energy & 45-8 ENERGY-8.
With Technip Energies & Axens, 2 globally leading process engineering firms are also based in France.
Of course, the French ecosystem is much larger, than the mentioned firmsfar above 100 French hydrogen companies can be explored through our PtX market dashboard. Did you for example know, that some of the globally leading EPC Firms are based in France, or that the French nuclear sector is very important in driving the hydrogen economy forward?
Do you think that France can meet its strategy targets by realizing 6.5 GW by 2030? Comment below.