100% renewable targets will require power storage to manage flows on the net
Electrolysers utilise these intermittent power flows to produce H2 gas from water
H2 gas can be stored in large quantities underground and transported via existing gas pipelines
H2 vehicles recharge faster and are more durable than battery powered transport
Growing H2 demand in industrial processes will reduce costs and increase supply

The “Fuel Cell and Hydrogen technologies in Europe; Financial and technology outlook on the European sector ambition 2014 – 2020” was made public this November 2011 during the FCH JU stakeholder assembly which took place in Brussels.

The Report summarizes the sector’s financial ambition to reach Europe’s objectives in 2020. The estimated investments are split into traditional R&D and Demonstration efforts, totaling around €6.4 bn and a newer effort to take place in relation to market introduction investments, estimated at around €11.5 bn. The role and responsibility of Industry will increase with increased proximity to the market. The respective contemplated
roles of Member States and the European Union and other supporting financial institutions are explored in detail in the document.

To read the report view downloads section of this post.