EBRD and Ukraine joining forces to promote development of hydrogen in the country

The European Bank for Reconstruction and Development (EBRD) and the Gas Transmission System Operator of Ukraine (GTSOU) have signed an agreement to formalise cooperation on low-carbon hydrogen and to develop hydrogen supply chains.

Harry Boyd-Carpenter, EBRD Managing Director, said: “Ukraine relies heavily on fossil fuels across all sectors of its economy and hydrogen can represent a good alternative for decarbonisation, and reduce reliance on fossil fuels. Supporting the green transition of our economies is a key priority for the EBRD.”

According to Sergiy Makogon, CEO of GTSOU hydrogen is one of the most promising energy sources, which will contribute significantly to energy decarbonisation and achieving sustainable development goals. The challenge therefore is to develop technology to scale up hydrogen use, to create the necessary conditions and infrastructure for its production, transportation and consumption. 

In addition, according to the message, the Bank recently launched a study on the potential for developing different segments of the hydrogen supply chain across many of the economies where it invests, including Ukraine.