Institutional and private stakeholders took part in the Italian Hydrogen Summit to take stock of the budding industry’s health. Numbers show it’s glowing, as about 65% of the companies involved increased their investments in hydrogen by 2022, with 70% of funds coming from their internal resources.
In other words, the private sector is driving growth – no small feat for a country that’s traditionally more public-reliant than its competitors – and demonstrates the potential investors see in H2.
A matter of scale. These projects entail installing electrolysers – which isolate hydrogen from water – for a total of 125 megawatts. These production centres will be powered with renewable energy drawn from the grid or supplied by subservient plants.
All in all, the projects have the capacity to produce roughly 7,000 tonnes of renewable hydrogen per year.
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