Andrew Purvis

Today the #MoU to prioritise seamless cross-border cooperation between Belgium, the Netherlands, and Germany on hydrogen initiatives on a regional scale was signed (https://lnkd.in/dyrfNJZf). "The MoU outlines several key activities to be implemented within the framework of this cooperation, including information #exchange, joint meetings and workshops, collaboration in events, and unified communication and promotion of outcomes."... "The signing of this MoU marks a significant step forward in the collaborative efforts of the Belgian, Dutch and German industry, universities, research institutes, and civil society to drive innovation and foster the widespread adoption of hydrogen technologies in Europe. It also sends a strong signal to the respective governments and the new #EuropeanParliament that collaboration between neighboring Member States will be key to strengthening our #hydrogen market for the future."

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Electricity grids form the foundation for clean energy transition and a well-functioning modern society. It is important that the regulatory framework supports cost-efficient anticipatory investments in electricity network as well as the development and utilization of flexibility. It is great to see that there are actions on EU level to resolve this challenge.

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📢Speakers Announced! Hydrogen: Market Overview and Challenges in Belgium With the EU targeting carbon neutrality by 2050, transitioning from existing energy infrastructure to sustainable solutions is urgent. Sustainable fuels and hydrogen in particular could play an important role for energy storage. Questions are however raised on hydrogen projects and their bankability. In order to facilitate and accelerate the energy transition, what can be done to help overcome these challenges and make projects viable? Moderator: Katrien Antonis, NautaDutilh Keynote speakers: Presentation 1: Belgian Market Overview Jesse Hettema, Aurora Energy Research Presentation 2: Bankability of Hydrogen Projects in Belgium and Europe To be confirmed Roundtable discussions: Table 1: The Hydrogen Backbone Erik Rakhou, Boston Consulting Group (BCG) Table 2: The Upstream of Hydrogen Power Vic Peeters, HINICIO Table 3: The Legal Challenges for Hydrogen Projects Jens Mosselmans, NautaDutilh 📅 – Thursday 13 June 2024 🌏 – NautaDutilh Offices, Ch. de la Hulpe 120, 1000 Brussels, Belgium 🕓 – 5:00pm Register now: https://lnkd.in/eWHYgWPr Not an IPFA Member? Join us - https://lnkd.in/eHw9Mfq3 This in-person event is kindly hosted by NautaDutilh. #IPFA #GlobalNetwork #Connecting #FutureLeadersNetwork #Brussels #Hydrogen

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Looking forward to discussing at the #ICC #SustainabilityConf24 how partnering along value chains is a key way of tackling Scope 3 emissions. I'm often concerned that discussions about Scope 3 oversimplify the challenge. My Scope 3 emissions are always the Scope 1 emissions of another entity, so there is no way I can tackle them alone. It's only through partnership with suppliers and customers that any company can reduce the carbon footprint of its entire value chain and contribute fully to a low carbon future. #ClimateChange #Scope3 #AngloAmerican

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Although electricity generated in Belgium is mainly with low cost units 40% renewables, 50% nuclear and 10% fossile gas, the price of electricity for households is still amongst the highest in EU (vat and taxes not included). How can this be explained? Because network cost tend to increase drastically in the next decade due to increasing offshore wind projects (Cfr energy island), the promise of the GREEN POLITICIANS to reduce the electricity price by investing in renewables seems to be a fairytale! Cfr Eurostat

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#CO2 Exit options are paramount to evacuate the captured CO2 that Fluxys has conveyed from the emitters towards places where it will be sequestrated once and for good. Your insights 💡 as customers are most valuable indeed. We count on your feedback, be sure to respond in large numbers!

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Next and the last in this mandate- European Clean Hydrogen Alliance #ECH2A Round Table on Transmission and Distribution - Learnbook: on the Implementation of Hydrogen Supply Corridors. A massive and tacit piece of work with set of latest data on #hydrogen #infrastructure projects, constituting 6 #H2 corridors, as designed by #RepowerEU plan- all under delivery by emerging #hydrogen value chains in their regional, relevant geographies. Very interesting data, quantifications and recommendations, published today at @ECH2A webside by DG GROW of European Commission. Prove where we exactly are at the end of 2024 on: ➡️ FIDs, ➡️ project prospects ➡️ implementation status. We facilitated this work at ENTSOG. Massive congratulations to Transmission and Distribution Round Table Task Forces Members (Operators, Academia, NGOs, Project Promotors, Producers, Offtakers, Consortia Leaders, Clusters Managers, etc.) Special thanks to our co-Chairs: Panagiotis Panousos for authorship, Abel Enríquez and Andreas Löffler for their leadership, and to my one and only Colleague Carmel Carey, External Communications Manager of ENTSOG, for her outstanding contributions! Please check for yourself: #hydrogeneconomy #NoTransitionWithoutTransmission

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📣Last 26th June both the 🇪🇺Directive 2024/1711 and the Regulation 2024/1747 as regards improving the Union’s electricity market design #EMD were published in the official Journal of the EU 📑. 👇Just in case you are asked about the key elements of the #Directive or you need a 2-minute summary, I would like to share with you the following: ✅In legislative terms: 🇪🇺It amends the Directives (EU) 2018/2001 and (EU) 2019/944 🏁It will enter into force next 16 July. 🗓️Member States must transpose it by 17 January 2025. By way of derogation, new art. 4 and 15a by 17 July 2026. ✅I leave you below 🖐️five points I consider #NEW ones: 1️⃣ #EnergySharing is now part of the EU energy legislation and this Directive makes clear that active consumers (of any kind) have the right to energy sharing in a non-discriminatory manner. 2️⃣ #ProtectionFromDisconnections becomes a firm right for vulnerable customers and customers affected by energy poverty. Under this Directive, regulated prices are possible as well for vulnerable customers and customers affected by energy poverty. 3️⃣ #ElectricityPricesCrises is well defined in the Directive through concrete price conditions. If these conditions are met, under the proposal by the EC, the Council can declare a regional or Union-wide electricity price crisis and trigger certain public interventions in price setting for electricity supply. 4️⃣ #SupplierRiskManagement must be regularly assessed by national competent authorities. Stress tests and reporting requirements on suppliers could be tools by which to assess supplier hedging strategies. 5️⃣ #FlexibleConnectionAgreements should have a proper regulatory framework in which transmission system operators and distribution system operators offer this connection possibility in areas where there is limited or no network capacity availability for new connections. #MoreEurope #MoreMarkets

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💡 Interesting summer read for energy and decarbonisation experts as well as European Commission, European Parliament & Council of the European Union policymakers.   Carbon Pulse’s Frédéric Simon’s article features a rare comprehensive in-depth analysis of the challenges of decarbonisation for energy intensive industries such as steel and the close relationship with the EU reform of the electricity market design.   Key points of the article include:   🔧 EU Power Market Reform: Reforming electricity market rules is essential to provide low-cost renewable energy for energy-intensive industries and improve the EU steel industry’s competitiveness. Adolfo Aiello, Deputy Director General of EUROFER, stresses the need to address energy issues. - "The last reform of the electricity market did not go far enough, and there won't be any decoupling of fossil fuel prices from electricity prices at least until 2040," Aiello said, citing modelling results from the European Commission's Joint Research Centre (JRC).    🌱 Challenges in Decarbonisation: The steel industry faces pressure to shift to low-carbon electricity, natural gas, and green hydrogen. To meet the EU 2030 targets, high energy costs for European steelmakers and the need to increase clean electricity deployment need to be tackled.   🏗️ Long-term Solutions and Future Policy: The steel sector calls for a reevaluation of the marginal pricing system in the EU electricity market, advocating for structural solutions that allow consumers to benefit from the low costs of fossil-free energy.   Read the full article here 👉 https://lnkd.in/dXpGUHEq

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HYDROGEN. It was great to participate in the H2 Talk by Hydrogen Europe on the day of the announcement of results on the #hydrogenbank. My point was that this European Commission has put in place an impressive package of policies and measures to support decarbonisation via #electrification and #greenmolecules, but that market conditions pose a challenge and will require further step-up under the next Commission. Four prices are key: ❎ low gas prices: now <30€/MWh in Europe (<5 in US!) making grey H2 historically cheap ❎ lower carbon price: #EUETS hovering around 80€/tCO2, now down to 60, whereas most carbon capture for #blueH2 requires prices >100€/MWh ❎ higher RES cost: #greenH2 requires RES <25 €/MWh, almost impossible to find in EU, and even less so given ... ❎ higher cost of capital, around 6% WACC in advanced and around 10% in emerging economies (IEA) If these conditions persist, more subsidies, higher carbon price, higher binding targets and/or higher imports will be inevitable if 2040 targets are to be met, coming on top of an already challenging industrial and fiscal situation in the EU. Time for a market reality check! Matthias BUCK Olivia Infantes Morales Theresa Steinfort James Kneebone Bert Saveyn Ruud Kempener

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Belgium's Hydrogen Council and France Hydrogène have signed a Memorandum of Understanding during the King and Queen of Belgium's State visit to Paris. The agreement aims to enhance cooperation in the field of hydrogen production. Read more here: https://fcw.sh/z7hy5F #HydrogenNow #EnergyTransition #Collaboration #HydrogenEconomy

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We don't need to choose between a Green Deal and a strong European Industrial Deal – we can and must have both! 🌍⚡️ Anyone who says we have to pick one over the other is missing the point. A thriving industrial sector and a sustainable environment aren't mutually exclusive – in fact, they can fuel each other. By investing in low-carbon electricity and streamlining energy agreements, we're not just cutting emissions – we're also creating a more competitive, resilient industry. To achieve this, industries need financial support to decarbonise, and it's crucial that clean, abundant energy is accessible to everyone. Cleaner energy translates to lower long-term costs, increased innovation, and a better position in the global market. A strong industrial base provides the resources and stability needed to tackle big environmental challenges. Europe has the tools and the know-how – now we just need the will and the investment. This isn’t about changing one European Commission flagship initiative for another. It’s about understanding that these initiatives can be complementary and mutually reinforcing. #EUGreenDeal #AntwerpDeclaration

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Fantastic, holistic article about the energy transition challenges. There is a lot of problem definition here. The need for industry, consumers, financiers and governments as enablers to really embrace unblocking, accelerating and scaling these shifts is already very apparent, as power supply, EV charging continue to be too little, too late, too expensive. Having this type of clear-eyed summary of the problems, let's please collaborate, fast on solutions.

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Energy transition in the making: We invite you to read through the latest ENTSOG and ENTSO-E Interlinked Modelling Progress Report and to share your thoughts at the workshop. Check the details for yourself below

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Tender launched to develop a hydrogen ecosystem in Belgium. By Edward Laity A tender for the development of a hydrogen valley in Belgium’s Wallonia region has been announced by the Walloon Administration. The tender is titled, “Service market aimed at supporting the Walloon Administration in the specific governance of the hydrogen sector and in the establishment of a hydrogen valley in Wallonia.” Published on May 29 2024, submissions must be completed by 21 June. The valley concept will encompass a comprehensive ecosystem where hydrogen production, storage and usage are all integrated and it will act as a pioneer model for other regions. https://lnkd.in/dxT_xCqy

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As a sustainability reporting practitioner in a multinational corporation subject to the CSRD, I appreciate the recent decision by the European Council to postpone the implementation of sector-specific sustainability reporting standards (as well as the standards for the companies operating outside the EU). The new deadline is now June 30th, 2026. This extension allows companies in scope to focus their efforts on proper implementation of the first set of ESRS. A question to my peers - What do you consider the most challenging aspects of your current preparations for ESRS reporting? #CSRD #ESRS #sustainabilityreporting #esgreporting #reportingrequirements https://lnkd.in/d5cadC6n

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👍As you know, one of the core legislative instruments of the #EUElectricityMarketReform is the new Regulation 2024/1747 to improve the Union’s electricity market design (published in the Official Journal of the EU on 26th June🗓️).   ✅In this context, much has been commented about the pros & cons of this Regulation, but... you know what… 🎬the true #EUElectricityMarketReform #EMD will start next 🗓️16th July with the enter into force of this key legislative text and consequently with its #Implementation phase.   ✅The current electricity prices scenario in Europe has nothing to do with the one that triggered the political negotiation about the new electricity market design #EMD in late 2022 and 2023, and this better “energy atmosphere” is precisely what should facilitate the proper #Implementation of this Regulation with regard to both #Timing and #Impact.   ✅I leave you below a #timeline with some milestones that might help you follow up and navigate the implementation of the long-debated #LongTerm market instruments as key componentes of the #EUElectricityMarketReform   🤞Intense months and years are coming to implement many things … but motivating ones towards #MoreEurope #MoreMarkets and #MoreDecarbonization.

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Very interesting findings in this report on the #hydrogen market by ERCST - European Roundtable on Climate Change and Sustainable Transition. One message that particularly struck me: most hydrogen projects in the US and the EU are blue hydrogen production with #CCS. China is almost exclusively going for green H2 via electrolysis (Committed low-carbon hydrogen supply, p.24). The next sector where China is going to dominate a key green technology will be #electrolysers

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Electricity storage will play a key role in future energy systems. It will complement the volatility of renewable energies in a cost-effective way! If you'd like to find out more about the subject, this seminar is well worth considering.

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