02 Jun 2021
Mission Innovation launches a new global coalition to support the clean hydrogen economy
On 2 June, on the occasion of the 6th Mission Innovation Ministerial meeting in Chile, the European Commission and ministers from Australia, Austria, Canada, Chile, China, Germany, India, Italy, Morocco, Norway, Saudi Arabia, the Republic of Korea, the UK and the US made a joint commitment to collaborate on a Clean Hydrogen Mission under the second phase of Mission Innovation.
The goal of the Clean Hydrogen Mission is to reduce the costs of clean hydrogen to the end user to 2 dollar per kilogram by 2030 and to deliver at least 100 large-scale integrated hydrogen valleys worldwide. Hydrogen valleys are integrated hydrogen value chains, which include the production, storage, and distribution of hydrogen to end-users via various methods of transport in a defined geographic area.
The Mission will build an alliance between countries, businesses, investors and research institutes to accelerate innovation on clean hydrogen. This will include international collaboration on research, development, and innovation to further develop Clean Hydrogen Valleys and accelerate building a global clean hydrogen economy in line with the European Green Deal objectives.
The Clean Hydrogen Mission is launched for an initial period of five years, and, depending on progress achieved, may be extended for a further five years to support the delivery of its key objectives by 2030.
Mission Innovation is a global initiative of 22 countries and the European Commission (on behalf of the European Union) to reinvigorate and accelerate global clean energy innovation, achieve performance breakthroughs and cost reductions and provide widely affordable and reliable clean energy solutions. Its second phase was announced at the Mission Innovation Ministerial meeting on 2 June 2021.