Ukraine actively participating in creation of global hydrogen energy market

Ukraine actively participating in creation of global hydrogen energy market

Ukrinform
Today, 90 million tonnes of hydrogen are produced annually around the world. By 2030, the production is expected to reach 200 million tonnes, creating significant opportunities for Ukraine.

“The global hydrogen market of the future is just emerging. And Ukraine takes an active leadership position in this process. We are currently exploring the production potential of three colors of hydrogen: ‘blue’ – from natural gas, ‘green’ – renewable energy sources, and pink – nuclear energy,” Deputy Energy Minister for European Integration Yaroslav Demchenkov said during a round table on challenges and obstacles in the process of hydrogen energy production in Ukraine at the Interfax-Ukraine news agency on Friday, July 2.

Hydrogen energy creates new opportunities for Ukraine, which has an extensive pipeline network connected to the European system and storage infrastructure.

Ukraine develops its hydrogen market with the support of international partners, including USAID, World Bank, the governments of Germany, the United Kingdom and the EU. The Ministry drafts the hydrogen strategy with the assistance of USAID, and examines potential of production of different types of hydrogen and asseses Ukraine’s GTS with the support of the World Bank and the EU.

“Now our tasks are: to develop the hydrogen strategy, assess the potential of our GTS, and launch the first pilot projects,” said the Deputy Minister.

Ukraine has the potential to launch a full-cycle hydrogen economy: production, transportation, storage, and use. To do this, Ukraine needs to do “homework” both in the field of technology and in the regulatory framework.

“The investment climate must be attractive. International business is interested in projects in Ukraine. Our partners express their desire to work here. Of course, we don’t look through rose-coloured glasses, and the hydrogen market will not be launched tomorrow. It’s a matter of years. But there is s fierce competition in the world, and we have no right to lag behind,” Yaroslav Demchenkov summed up.

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