FEBRUARY 20237EDITOR'S DESKThe European Union recently announced its most ambitious hydrogen deployment objectives in an attempt to substantially reduce the region's dependence on Russian fossil fuels. The target­to deploy over 20 million tonnes of renewably produced hydrogen as fuel and feedstock by 2030­will put Europe in a position to gain from the growing global support for accelerated green initiatives where hydrogen and oxygen-producing electrolyzers are utilized.Owing to the urgency of Europe's energy transformation, the EU is expected to utilize both locally generated and imported hydrogen to allow industrial sites to remain operational while replacing fossil fuels in energy-intensive industries. The demand for green hydrogen in Europe is anticipated to reach 25 million tonnes per year by 2030 driven by accelerated fuel switching in chemical manufacturing, refineries, shipping, heavy-duty trucking, and more. As the predictions associated with global warming and the impending climate crisis begin to materialize, hydrogen will play the role of a credible alternative to fossil fuels by decarbonizing high-emitting industries where direct electrification is not feasible. An efficient EU energy ecosystem will be constructed with targeted usage of hydrogen. To bring the energy crisis into the spotlight and educate the readers about the developments in Europe's energy sector, Energy Business Review Europe's latest edition focuses on hydrogen supply chain development. The edition features LIFTE H2, a forerunner in the realm of hydrogen-based solutions that provides next-generation hydrogen infrastructure solutions. Uniquely positioned in the industry as a customer-centric brand, the company collaborates with industry leaders to develop products that eliminate the blind spots in the H2 industry and translate global renewable energy commitments into realities.This edition also features thought leadership articles by Rudolf Zauner, Head of Hydrogen Programme, VERBUND [VIE: VER] and Arnt Baer, Head of Public Affairs, GELSENWASSER AG [FRA: WWG] sharing their views on how hydrogen as a fuel can change the trajectory of global energy sectors.We hope the valuable insights from industry thought leaders and the featured company in this edition help you make informed decisions. Write to us about how you leverage these H2 solutions in your organisation.Let us know your thoughts!Hydrogen Influencing the Power Dynamics in EuropeCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@energybusinessreview.comeditor@energybusinessreview.comMarketing@energybusinessreview.com FEBRUARY- 2023, Vol 03 - Issue 01 Published by ValleyMedia, Inc. To subscribe to Energy Business ReviewVisit www.energybusinessreview.com VisualizersMichael WayneManaging EditorJade McdonaldEditorial StaffAaron Pierce Ava GarciaDaeg GroverVian IsaacJoshua Parker Kenny PeruzziScott ThomasJade McdonaldManaging Editoreditor@energybusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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