EU Bankrolls Greek Expansion in Hydrogen/EV Infrastructure

Anyone working in the Motor sector must wonder if car ownership itself is being phased out, as the rush to jump onto the Net Zero bandwagon continues to gather pace. But there are signs that globalist organisations are realising the switch to battery cars, vans and trucks might not be as easy as simply passing new laws. As companies like Toyota and Renault begin to invest in hydrogen, plus UK construction equipment firm JCB already have a hydrogen powered digger in production, perhaps it is wise to hedge the regulatory bets somewhat. 

Even if you built an infrastructure of millions of EV charging points, how could you generate enough power to charge all the vehciles 24/7? So yeah, hydrogen makes sense as a mass transport fuel supply.

Hydrogen is far more resilient, greener and cleaner than battery power of course, being created from water. No oil rigs, no oil wars. That’s a big upside, but there’s more ESG goodness. It also requires zero slave or child labour to mine the cobalt and lithium. No destruction of the Atacama desert to transform the landscape into a lithium pond Hellscape. Fewer product miles for the UK too, as we stop shipping battery cell material repeatedly around the globe to make new batteries and refubish clapped out battery packs after 7-10 years.

You might have noticed, the UK is surrounded by water, plus it constantly falls from the sky, especially north of Watford. That means we don’t rely on Mexico, China or dictators in Africa for battery pack supplies either. The material we need for fuel is local and as every Guardianista knows, shopping local thinking global, is a good thing. The current thing you might say…

So here’s some investment news from the EU, who are lending Greek based Hellas Motor Oil some 40 million euros to install from charging points for both battery and hydrogen powered vehicles. Nice work.

The European Investment Bank (EIB) has agreed to provide a €40 million 10-year loan to Motor Oil, cofinancing its new investment to develop an extensive network of EV charging and hydrogen stations throughout Greece.

The pioneering investment, the first of its kind on such a scale in Greece, will see the deployment of about 3000 electric vehicle charging stations for road transport. The hydrogen transport infrastructure will include one electrolyser for hydrogen production, hydrogen trailers, a feeding terminal to load the trailers, as well as hydrogen refuelling stations.

By rolling out zero-emission vehicles charging and refuelling infrastructure, the project will generate environmental benefits, including reduced air pollution, reduced greenhouse gas emissions and lower noise. The project will also contribute to the development of the hydrogen and electromobility industry through the accelerated deployment of Zero Emission Vehicles (ZEV) infrastructure. It will thus indirectly contribute to the growth of relevant market segments for electric and hydrogen infrastructure, as well as the associated vehicles.


About alastair walker 12121 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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