Engie CEO Says EU Won’t Meet Its 2030 Green Hydrogen Goals

The European Union will miss its 2030 target for green hydrogen production as building facilities for the clean fuel faces technical, regulatory and financial challenges, the head of French utility Engie SA said.

“I don’t believe” the EU can install 40 gigawatts of electrolyzers powered by low-carbon electricity by the end of the decade, Chief Executive Officer Catherine MacGregor told journalists at the company’s headquarters near Paris on Friday. “We have an issue with the regulation, with the economics, and an issue in terms of reliability when it comes to building electrolyzers at scale.”

MacGregor joins the ranks of skeptics ...