{"id":401105,"date":"2022-09-10T14:00:00","date_gmt":"2022-09-10T12:00:00","guid":{"rendered":"https:\/\/innovationorigins.com\/?p=401105"},"modified":"2022-09-10T14:00:00","modified_gmt":"2022-09-10T12:00:00","slug":"eit-innoenergy-is-bringing-business-to-decarbonization-by-building-coalitions-throughout-the-value-chain","status":"publish","type":"post","link":"https:\/\/ioplus.nl\/archive\/en\/eit-innoenergy-is-bringing-business-to-decarbonization-by-building-coalitions-throughout-the-value-chain\/","title":{"rendered":"EIT InnoEnergy is bringing business to decarbonization by building coalitions throughout the value chain"},"content":{"rendered":"\n<p>Steel, fertilizers, chemicals, heavy transport, aviation: these industries &#8211; and many more &#8211; are part of value chains that have difficulty becoming sustainable. Demand for the products is always high, and customers are willing to pay a reasonable price, but the production processes are causing an unacceptable level of carbon emissions. The stakeholders know they will have to decarbonize, but all of them are having a hard time finding a way to achieve that without losing their business opportunities.<\/p>\n\n\n\n<p>To break this cycle, <a href=\"https:\/\/www.innoenergy.com\/\">EIT InnoEnergy<\/a> has taken the initiative for the <a href=\"https:\/\/eghac.com\/\">European Green Hydrogen Acceleration Center<\/a> (EGHAC), and in this initiative, it is supported by Breakthrough Energy.\u00a0 \u201cWith this activity, we aim to decarbonize complete industrial value chains, especially those that have not yet found the commercially viable business opportunities to do so\u201d, says Jacob Ruiter, CEO of EIT InnoEnergy Benelux and Managing Director of EGHAC. Using green hydrogen, ammonia, methanol, and other green fuels, EGHAC aims to help these companies accelerate their decarbonization processes while reducing risks and retaining a viable business. \u201cOur first target is the steel industry\u201d, he says. This sector is responsible for 8% of the global energy demand and 7% of the energy sector\u2019s CO2 emissions \u2013 making it one of the most significant carbon-emitting industries<\/p>\n\n\n<div class=\"vlp-link-container vlp-layout-basic wp-block-visual-link-preview-link\"><a href=\"https:\/\/ioplus.nl\/archive\/en\/selected\/investor-eit-innoenergy-ranks-first-in-europe-in-cleantech\/\" class=\"vlp-link\" title=\"Investor EIT InnoEnergy ranks first in Europe in cleantech\"><\/a><div class=\"vlp-layout-zone-side\"><div class=\"vlp-block-2 vlp-link-image\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 150px;\" width=\"150\" height=\"100\" src=\"https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/02\/TrQegXOa-jason-blackeye-nyL-rzwP-Mk-unsplash-scaled-1.jpg\" class=\"attachment-150x999 size-150x999\" alt=\"Windturbines with clouds in background\" srcset=\"https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/02\/TrQegXOa-jason-blackeye-nyL-rzwP-Mk-unsplash-scaled-1.jpg 2560w, https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/02\/TrQegXOa-jason-blackeye-nyL-rzwP-Mk-unsplash-scaled-1-300x200.jpg 300w, https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/02\/TrQegXOa-jason-blackeye-nyL-rzwP-Mk-unsplash-scaled-1-1024x683.jpg 1024w, https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/02\/TrQegXOa-jason-blackeye-nyL-rzwP-Mk-unsplash-scaled-1-768x512.jpg 768w, https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/02\/TrQegXOa-jason-blackeye-nyL-rzwP-Mk-unsplash-scaled-1-1536x1024.jpg 1536w, https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/02\/TrQegXOa-jason-blackeye-nyL-rzwP-Mk-unsplash-scaled-1-2048x1366.jpg 2048w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/div><\/div><div class=\"vlp-layout-zone-main\"><div class=\"vlp-block-0 vlp-link-title\">Investor EIT InnoEnergy ranks first in Europe in cleantech<\/div><div class=\"vlp-block-1 vlp-link-summary\">Startup Genome names EIT InnoEnergy as Europe\u2019s top impact investor in cleantech.<\/div><\/div><\/div>\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block stk-8d0789e\" id=\"strong-complete-value-chain-approach-strong\" data-block-id=\"8d0789e\"><h2 class=\"stk-block-heading__text\"><strong>Complete value chain approach<\/strong><\/h2><\/div>\n\n\n\n<p>Essential in this effort is the ecosystem EIT InnoEnergy has been building for the past decade, Ruiter adds. \u201cIt allows us to create new industrial organizations through early-stage investment and acceleration services delivered in collaboration with our network. Altogether, it\u2019s a complete value chain approach. By bringing all stakeholders together, including the off-takers, the risks and benefits can be shared so the extra costs for a carbon-free end product are kept to a minimum.\u201d<\/p>\n\n\n\n<p>Ruiter and his team have experienced that this thinking is best applied when a new company is set up with value chain partners to share the risks and revenues. \u201cIf you do this in a traditional project approach, the benefits and burdens are often not equally divided between the stakeholders. And to be clear: the EGHAC initiatives never require subsidies to close the business case. Of course, subsidies are still welcome, but we do not depend on them. This aspect sets us apart from the hundreds of hydrogen project announcements that are waiting for grants and often get stuck in the project phase.\u201d<\/p>\n\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block stk-3e8902f\" id=\"strong-proof-of-viability-strong\" data-block-id=\"3e8902f\"><h2 class=\"stk-block-heading__text\"><strong>Proof of viability<\/strong><\/h2><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/archive.ioplus.nl\/wp-content\/uploads\/2022\/09\/779-127_GravitHy_Infographicv2-1004x338.png\" alt=\"\" class=\"wp-image-401119\"\/><\/figure>\n\n\n\n<p>After already being involved in the initial set-up of <a href=\"https:\/\/www.h2greensteel.com\/\">H2 Green Steel<\/a>, EGHAC has recently founded <a href=\"http:\/\/www.gravithy.eu\">GravitHy<\/a>. With this sustainable iron and steel company in southern France, EIT InnoEnergy and its partners want to offer proof of the model&#8217;s viability. <a href=\"https:\/\/gravithy.eu\/#founders\">Founding shareholders<\/a> are, next to EIT InnoEnergy, <a href=\"https:\/\/www.engieventures.com\/\">Engie New Ventures<\/a>, <a href=\"https:\/\/www.forvia.com\/\">FORVIA<\/a>, <a href=\"https:\/\/www.groupeidec.com\/\">GROUPE IDEC<\/a>, <a href=\"https:\/\/www.ir.plugpower.com\/overview\/default.aspx\">Plug<\/a>, and <a href=\"https:\/\/www.primetals.com\/\">Primetals Technologies<\/a>. The project aims to mobilize \u20ac2.2 billion in investments. The plant in Fos Sur Mer should be fully operational by 2027 and aims to produce two million tons of Direct Reduced Iron (DRI) annually and create over 3,000 direct and indirect jobs for the region.<\/p>\n\n\n\n<p>\u201cGravitHy will support the emissions reduction of this industry by generating and using green and low-carbon hydrogen to produce iron\u201d, Ruiter says.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block stk-9423458\" id=\"strong-holistic-approach-strong\" data-block-id=\"9423458\"><h2 class=\"stk-block-heading__text\"><strong>Holistic approach<\/strong><\/h2><\/div>\n\n\n\n<p>Although many industries see the potential of green hydrogen to store and use energy, there\u2019s a significant dispute about its efficient production, mainly caused by the apparent energy loss in the production and storage process and, partly because of this, the high costs. GravitHy wants to change this. Ruiter: \u201cOur holistic approach can break through these &#8211; understandable &#8211; objections. By seeing the interdependencies all the way, from securing enough renewables, producing the green hydrogen, integrating this hydrogen in chemical or other processes, to finally producing the product and finding the off-takers, we can unite stakeholders instead of dividing them. EIT InnoEnergy\u2019s position as a neutral companion supports this: we can facilitate the whole process by bringing all these elements and players on board.\u201d&nbsp;<\/p>\n\n\n\n<p>EGHAC and GravitHy see a growing demand for green steel from off-takers looking for ways to reduce their carbon footprint. This trend is reinforced by political and regulatory pressure and the geopolitical situation. \u201cStill, green hydrogen is a means and never a goal in itself\u201d, Ruiter adds. \u201cIt is a means to decarbonize those industries where direct electrification is impossible, and hydrogen offers the best alternative to become more sustainable.\u201d&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block stk-6617bfd\" id=\"strong-battery-alliance-and-solar-initiative-strong\" data-block-id=\"6617bfd\"><h2 class=\"stk-block-heading__text\"><strong>Battery alliance and solar initiative<\/strong><\/h2><\/div>\n\n\n\n<p>For EIT InnoEnergy, the green hydrogen project is not the only way to support sustainable energy projects. It also started the <a href=\"https:\/\/www.eba250.com\/\">European Battery Alliance<\/a> (EBA), where projects have been launched that cover the whole spectrum from raw materials to battery recycling, thus strengthening Europe&#8217;s competitive position. In another effort, the <a href=\"https:\/\/europeansolarinitiative.eu\/\">European Solar Initiative<\/a> is looking at bringing solar panel production back to Europe. Ruiter concludes: \u201cThese projects are, just like EGHAC, all about creating sustainable industrial value chains. As the world&#8217;s largest investor in sustainable energy innovations, this is what Europe can expect from us &#8211; and build a greener future upon.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steel, fertilizers, chemicals, heavy transport, aviation: these industries &#8211; and many more &#8211; are part of value chains that have difficulty becoming sustainable. Demand for the products is always high, and customers are willing to pay a reasonable price, but the production processes are causing an unacceptable level of carbon emissions. The stakeholders know they [&hellip;]<\/p>\n","protected":false},"author":1568,"featured_media":515169,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[42],"tags":[32638,73223],"location":[6763],"article_type":[43139],"serie":[],"archives":[],"internal_archives":[],"reboot-archive":[],"class_list":["post-401105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sustainability-nl","tag-eit-innoenergy","tag-jacob-ruiter","location-netherlands","article_type-features"],"blocksy_meta":[],"acf":{"subtitle":"The European Green Hydrogen Acceleration Center (EGHAC) aims to set up business opportunities for industries that have difficulty finding a sustainable model.","text_display_homepage":false},"author_meta":{"display_name":"Bart Brouwers","author_link":"https:\/\/ioplus.nl\/archive\/author\/brewbart\/"},"featured_img":"https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/09\/Jacob-Ruiter.png","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/sustainability-nl\/\" class=\"advgb-post-tax-term\">Sustainability<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Sustainability<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/sustainability-nl\/\" class=\"advgb-post-tax-term\">EIT InnoEnergy<\/a>","<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/sustainability-nl\/\" class=\"advgb-post-tax-term\">Jacob Ruiter<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">EIT InnoEnergy<\/span>","<span class=\"advgb-post-tax-term\">Jacob Ruiter<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 4 years ago","modified":"Updated 4 years ago"},"absolute_dates":{"created":"Posted on September 10, 2022","modified":"Updated on September 10, 2022"},"absolute_dates_time":{"created":"Posted on September 10, 2022 2:00 pm","modified":"Updated on September 10, 2022 2:00 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/401105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/users\/1568"}],"replies":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/comments?post=401105"}],"version-history":[{"count":0,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/401105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media\/515169"}],"wp:attachment":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media?parent=401105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/categories?post=401105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/tags?post=401105"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/location?post=401105"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/article_type?post=401105"},{"taxonomy":"serie","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/serie?post=401105"},{"taxonomy":"archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/archives?post=401105"},{"taxonomy":"internal_archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/internal_archives?post=401105"},{"taxonomy":"reboot-archive","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/reboot-archive?post=401105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}