Cyprus is making significant strides in the realm of green hydrogen production, with several companies proposing pilot projects that primarily harness solar power for production. The country has established a dedicated technical committee for hydrogen to assess its potential in the domestic market and explore how green hydrogen can enhance renewable energy adoption.
Minister of Energy, Commerce, and Industry, George Papanastasiou, highlighted the European Hydrogen Strategy’s target of achieving 10 million tons of annual hydrogen production by 2030, which has been doubled to 20 million tons through the REPowerEU initiative.
Furthermore, a collaborative effort involving 27 companies from various countries is underway in Cyprus for a hydrogen valley project. This ambitious initiative aims to establish a comprehensive value chain for green hydrogen, spanning production, storage, distribution, and consumption.
Andreas Poulikkas, the head of the Cyprus Energy Regulatory Authority (CERA), envisions hydrogen playing a dominant role in various sectors, including transportation, by 2050.
While last year saw the EU grant €4.5 million to the GreenH2CY consortium for a project producing 150 tons of green hydrogen annually for transportation, it’s worth noting that a significant portion of hydrogen production in the region still relies on fossil fuels.
