GravitHy’s roster of world-class founders has been brought together on the basis of cross-sector collaboration and skills sharing. EIT InnoEnergy, the world’s largest investor in sustainable energy innovations, will provide its business acceleration services through its European Green Hydrogen Acceleration Center (EGHAC), supported by Breakthrough Energy. EGHAC, was set up to serve as a key enabler of industrial value chains and clean tech innovation, with the aim of developing an annual €100B green hydrogen economy by 2025. Engie offers deep knowledge of hydrogen, renewables and electricity markets. Plug offers experience on integrated hydrogen projects and is a leading manufacturer of electrolysers. The GROUPE IDEC, a major player in all segments of the real estate market (development, investment, design-build, energy), will provide the support in the search for land. Primetals Technologies will add to this, providing cutting edge technology and expertise to enable green and low carbon steel production, whilst FORVIA will represent the off-take side of the value chain.
Thierry Breton, European Commissioner for Internal Market, adds: “Given the geopolitical, energy and industrial situation we are experiencing, Europe has a strategic interest in developing a thriving hydrogen economy. The European Commission is working to establish a regulatory and financial framework conducive to the emergence of European value chains that will ensure European industrial leadership in this field. The GravitHy project is an important milestone and will contribute to our European goal of producing 10 million tonnes of clean hydrogen by 2030.”