Following the launch of the Renewable Hydrogen Coalition, six hydrogen developers have joined forces to form the Green Hydrogen Catapult.

The Green Hydrogen Catapult initiative aims to scale green hydrogen 50-fold in the next six years, with founding members ACWA Power, CWP Renewables, Envision, Iberdrola, Ørsted, Snam, and Yara, targeting the deployment of 25GW hydrogen production in that time, with a view to halving the current cost of hydrogen to below $2 per kg.

"The world urgently needs to massively ramp up deployment of breakthrough solutions like green hydrogen," said Nigel Topping, COP26 High Level Champion for Global Climate Action. "The bold vision and leadership of businesses can propel green hydrogen along an exponential growth trajectory to support economic recovery and deep decarbonization sooner than anticipated."

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