The European Hydrogen Bank (EHB) can benefit his constituency of Ireland South, following the adoption of a European Parliament report on the significant initiative, which is expected to boost the manufacture of clean technologies.
The report highlights the EHB’s role as a streamlined, one-stop-shop for coordinating hydrogen projects along the supply chain.
Seán Kelly MEP for Ireland South said: “This initiative is aimed at accelerating investment and bridging the investment gap to reach our ambitious energy targets,” noted MEP Kelly, underlining the significance of creating 10 million tonnes of renewable hydrogen domestically by 2030.
“For Ireland, wind energy remains our most available and reliable resource. This sector will be vital for Ireland, but if we combine this with green hydrogen production, the country could undergo a transformative shift towards a low-carbon and competitive economy,” said Kelly.
“The Ireland South region, especially the Shannon Estuary and Foynes Port, is prime for hydrogen production. European actions to incentivise electrolyser production and investment, the machines that split hydrogen molecules from water, will therefore be very beneficial to Ireland”, Kelly added.
The parliamentary report on the EHB aligns with the Commission’s Net-Zero Industry Act, emphasising green hydrogen’s role in achieving EU ambitions for climate-neutrality by 2050. The report received overwhelming support from MEPs with 418 votes in favour, 44 against and 59 abstentions.