Cracking green hydrogen's 'chicken and egg' problem

euronews (in English)

As Europe races towards its 2030 renewable-hydrogen goals, Iberdrola's Carlos Fúnez Guerra explains the importance of working with customers to ensure supply and demand are always in sync.

Transcript

00:00 [Music]

00:06 People talk about the chicken and egg problem with clean hydrogen supply and demand.

00:11 What's your point of view there?

00:12 In this case, the chicken and the egg will be at the same time.

00:16 You need to define the project together with your offtaker.

00:19 You need to be sure that you have an offtaker before to start with the project.

00:23 In the facility that we are today, we discuss it a lot with the effectivaries of this offtaker.

00:29 And we design the project taking into consideration the needs for the offtaker.

00:34 It actually may send a start with a project without any offtaker.

00:37 And for us, in these various steps, it makes sense to put the facilities very close to the offtakers

00:44 in order to avoid the transport and save money at the end of the day.

00:48 This is the best strategy.

00:50 [Music]

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