PI Partnership – KGAL Investment Management


GREEN HYDROGEN – FROM BUZZ TO BOOM


Michael Ebner is managing director and head of sustainable infrastructure at KGAL Investment Management


While there is a lot of talk about the importance of green hydrogen for achieving the Paris climate goals, the number of concrete projects is still negligible. But that will soon change.


Wind and solar energy are growing at double-digit rates and have reached a record share of 24% of the European Union’s electricity mix in recent months. This is another milestone on the path to decarbonising our societies and economies – which is arguably the biggest challenge of this century. However, large parts of the economy – like industry, agricul- ture and heavy-duty transportation – are notoriously difficult to decarbonise with electricity, because they need different energy carriers like heat, ammonia or methanol. Wherever green elec- tricity reaches its limits, green hydrogen takes on a key role. Hydrogen produced from renewable energies by means of electrolysis can be used as a fuel or feedstock in all major CO₂- emitting sectors, including those where direct electrification is not possible. As a positive side effect, locally produced green hydrogen helps to reduce Europe’s dependence on fossil fuels. The case for green hydrogen is compelling.


The general layout of the power-to-X pathway


26 December – January 2023 portfolio institutional roundtable: Infrastructure


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