The European Bank for Reconstruction and Development (EBRD) and the Gas Transmission System Operator of Ukraine (GTSOU) agreed to promote the hydrogen development and hydrogen supply chains across the country.
“Hydrogen is one of the most promising energy sources, which will contribute significantly to energy decarbonisation and achieving sustainable development goals. The challenge therefore is to develop technology to scale up hydrogen use, to create the necessary conditions and infrastructure for its production, transport and consumption. All this requires time, effort and cooperation by all stakeholders,” Sergiy Makogon, CEO of GTSOU, said.
The agreement is a continuation of a Memorandum of Understanding signed by the two sides in April 2020 that would provide a general framework to improve the environment for sustainable energy investments in Ukraine and reduce the level of greenhouse gas emissions, in particular methane fugitive emissions, and air pollution.
“I am very pleased that the EBRD and GTSOU are cooperating to support each other’s activities regarding hydrogen. Ukraine relies heavily on fossil fuels across all sectors of its economy and hydrogen can represent a good alternative for decarbonisation and reduce reliance on fossil fuels. Supporting the green transition of our economies is a key priority for the EBRD,” Harry Boyd-Carpenter, EBRD Managing Director, Green Economy and Climate Action, said.
The EBRD recently launched a study on the potential for developing different segments of the hydrogen supply chains across many of the economies where it invests, including Ukraine.
“Green” hydrogen, made through the electrolysis of water powered by renewable energy, is widely seen as a promising clean fuel as it has no carbon footprint. In early July, the European Union put scaling up green hydrogen at the centre of Europe’s climate ambition, announcing plans to produce up to a million tonnes of the gas through facilities to be built in the next four years.