Objectives: Within 2026:

  • Scale up green hydrogen production capacity 50x
  • Achieve a 50 % cost reduction, getting green hydrogen below $2 per Kg.
  • Deploy 80 GW of new renewables-powered electrolyzes, of which Catapult members have already committed 45GW

Membership: ACWA Power, CWP Renewables, Fortescue Future Industry, Envision, Iberdrola, Ørsted, Snam, Yara, H2 Green Steel, Mærsk Mc-Kinney Møller Center for zero carbon shipping)

Activities :

  • Develop 45 GW of electrolyzes with secured financing in the next five years helping to transform the world most carbon intensive industries including power generation, chemical, steelmaking and shipping.
  • Green ammonia is being tested to displace fossil fuel in thermal power generation.
  • ACWA Power CEO believe that private sector can deliver green hydrogen at less than US $2 per kilogram within four years.

Foundation Date : 2020

Regional Grouping : Europe

Main Projects :

  • ACWA power intend to produce hydrogen below $2 kg with 2026
  • Fortescue Future Industries intend to supply 15 million tons of green hydrogen by 2030
  • Investing in green hydrogen infrastructure

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