European industry is back: innovative and financially strong! European inventions and patents have secured world market leadership in many fields. Clear EU rules ensure fair competition. Loans from the European Investment Bank will also enable young companies to enter global markets.
European companies are playing in the world’s top league when it comes to hydrogen technology. EU companies are pioneers when it comes to producing synthetic fuels from renewable energy. European-made electrolyzers use wind and solar power to split water into its constituents oxygen and hydrogen. Hydrogen is used to produce ‘green steel’, or fuel for machinery, ships and aircraft. No climate-damaging CO2 is emitted, only water vapor.
Take Germany’s SUNFIRE, a leading global manufacturer of electrolyzers, as an example. In just a few years, this Dresden-based startup has grown into a global company with a financial strength of 1 billion euros.
Sunfire co-founder Christian von Olshausen said in an interview with Euronews: “By building a green hydrogen infrastructure in Europe, we can develop a strong European industry. We must not make ourselves smaller than we were in Europe. We are great engineers and have excellent systems to drive innovation and scale up and deploy technology. We have a hydrogen market in Europe, making us one of the few regions in the world that can do this.”
