Energy Transition

Green Hydrogen | Europe’s Energy Security Blanket

byAlex Nevokshonoff

Research Report : Enverus Intelligence® Vault – Figure 8

As global political tensions escalate, Europe is undertaking a crucial balancing act – meeting ambitious decarbonization targets while ensuring its energy security. To bridge this gap, the EU has crafted a strategic plan that leverages local resources and renewable power to reduce its reliance on Russian natural gas. Recognizing that renewables alone cannot meet all industrial or baseload power needs, the continent aims to produce 10 mtpa of clean hydrogen and import an additional 10 mtpa by 2030, with a focus on green hydrogen given its lower carbon intensity.

This requires a monumental effort to coordinate massive-scale renewable energy development, clean hydrogen production and infrastructure construction to service all EU nations. The plan aims for 1.1 TW of renewable energy capacity, a 2.3x increase from 2022 levels (Figure 1). The production of 10 mtpa of green hydrogen domestically would require 22% of the EU’s planned 2030 renewable capacity, significantly impacting the electricity available to the grid.

Highlights from Energy Transition Research:

Picture of Alex Nevokshonoff

Alex Nevokshonoff

Alex joined Enverus in April of 2022 as a member of the CCUS team before shifting coverage to Low Carbon Fuels with an initial emphasis on hydrogen. He holds a degree in mechanical engineering from the University of Calgary, which he earned in 2020. Prior to joining Enverus, he completed a 12-month internship and gained two years of post-graduate experience at Canadian Natural Resources Limited, where he worked at their Horizon Oilsands Plant. Alex is based in Enverus's Calgary office.

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