Navigating the Green Hydrogen Transition in Greece

Key Ideas

Greece is at the forefront of green hydrogen development, with the government introducing the first law on hydrogen and renewable gases, aiming to leverage the country's high renewables potential.
Market participants believe that green hydrogen must rely on the price of carbon to compete with grey hydrogen, but the cost-effectiveness remains a challenge without government financial support.
Despite technical challenges and the need for 24/7 operation, there is optimism about Greece's ability to produce and export green hydrogen, especially with the excess renewable energy during the day.
Biomethane is seen as a more mature technology in Greece, offering advantages such as easier development and the ability to enter the gas network, with companies like Enaon EDA showing readiness to incorporate it into their network.

Greece is navigating the green hydrogen transition with the introduction of the first law on hydrogen and renewable gases in parliament. Despite challenges like the government's reluctance to provide financial support, market participants are optimistic about leveraging the high renewables potential of the country. The cost-effectiveness of green hydrogen remains a hurdle, with the reliance on carbon pricing to compete with grey hydrogen. Greece aims to produce and export green hydrogen, utilizing the excess renewable energy generated during the day. Biomethane emerges as a more feasible option due to its easier development and ability to enter the gas network. Enaon EDA is actively considering incorporating biomethane into its network, highlighting a study on existing and planned production plants. The future of green hydrogen and biomethane in Greece presents opportunities for long-term investments and sustainable energy development.

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