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  • With Australia, the UK and EU: Chile will lead the new clean hydrogen mission

With Australia, the UK and EU: Chile will lead the new clean hydrogen mission

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  • The minister of Energy from Chile, Juan Carlos Jobet announced the news during  CEM12MI6, the most important clean energy summit in the world, which this year is organized by Chile.
  • The new "Hydrogen Mission" will aim to increase competitiveness and promote the construction of a global hydrogen economy.
  • It will also seek the increase in Clean hydrogen R & D and create 100 hydrogen valleys in the fields of production, storage, and end-use to reduce their cost all over the world.

Santiago, Wednesday, June 2, 2021.- "We want to accelerate public and private clean energy innovation to address climate change, make clean energy affordable for consumers, create green jobs and make decisions that allow us to act quickly on energy transformation," with these words,  The Minister of Energy, Juan Carlos Jobet kicked off this morning the second phase of Mission Innovation (MI 2.0),  within the framework of the  Cem12/ MI6 Global Summit (Clean Energy Ministerial 12 and  Mission  Innovation  6), which this year is organized by Chile.

On the occasion, Jobet announced that Chile, together with Australia, the United Kingdom, and the European Union, will lead the new clean hydrogen mission.

"Chile is assuming a leading role in the development of this mission, being the first and only country that will be part of that mission. Our goal will be to increase the cost competitiveness of clean hydrogen to build a global economy," the Energy Minister announced.

For Jobet, this space will seek to join collective efforts to drive this market globally: "We have partnered with several of our competitors in this space, focusing, for now, on collaboration in this initial phase to foster a market that is estimated to grow to $25 billion by 2030, large enough for all of us to play an important role. Cooperation now in research, development, and innovation is essential to accelerate the deployment and use of this clean fuel."

The Clean Hydrogen Mission will work to achieve this goal through three pillars:

1. Investigation and development focused on the innovation of technologies and industrial processes.

2. The development of large-scale projects to adopt a systemic approach covering the production, storage, transport and end-use of hydrogen through the hydrogen valleys.

3. Identification and overcoming obstacles to accelerate deployment through rules, regulations, and demand-drivenness.

"The work of this Mission will perfectly complement the ambitious National Green Hydrogen Strategy that we announced last year, in which our main objective is to be one of the three main exporters of green hydrogen worldwide by 2030, sending approximately 2,500 million dollars each year at the lowest cost globally," said Minister Jobet.

In addition, the ministerial authority reaffirmed our country's commitment to the deployment of "large-scale green hydrogen valleys" in the regions of Antofagasta and Magallanes through policy support and public-private collaboration, to take advantage of "both national and international demand, as well as our abundant renewable resources, to deliver competitive clean fuels to the end-user by 2030," he explained.

Progress in the national energy transition

The Minister of Energy also took the opportunity to detail the progress that our country has made in the field of clean energy, since the first edition of Mission Innovation in 2015.

"We are extraordinarily blessed with some of the best solar and wind resources in the world; renewable resources that will feed the twenty-first century. From the first phase of Mission Innovation, we invested heavily in this vast potential. In the five years from 2015 to today, I am pleased to say that Chile managed to double our INVESTMENTS related to the IF," said Minister Jobet.

The minister explained that thanks to the investment and collaboration with other MI countries, they led, for example, to the development of new optimal solar technologies that are specifically designed to take advantage of the best solar radiation in the world in the Atacama Desert. "With innovations like this, we are on track to reach our goal of having 70% renewable energy generation by 2030," he said.

MI 2.0 brings together 23 countries, collectively responsible for more than 90% of global public investment in clean energy innovation. Chile is one of the 23 countries that make this commitment.

CEM 6.0 and MI 2.0. it will be held until June 6, and to participate, those interested only have to register at https://cem12mi6chile.com/

 

For more information:

  • Trinidad Prat

tprat@minenergia.cl

  • Andrea Celedon

aceledon@llorenteycuenca.com

 

 

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