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                    [post_content] => 

The introduction to the EP Infrastructure Sustainability Report states that your mission is to provide the necessary infrastructure for energy transmission. How does this mission go hand in hand with the major transformation that is taking place in your company in terms of the new goals you have set for yourself as EP Infrastructure?

The transition to zero-emission sources of anything, including energy, is very important for Europe today. Coal-fired power stations are being decommissioned or replaced. Gas is essential for Europe to become independent of carbon. Our company is therefore ideally placed to help make this transformation happen. Europe has set itself the ambitious goal of being carbon neutral by 2050. We say we will meet these targets by 2040.

This is a very ambitious goal. What do you need to do to fulfil this commitment?

There are several routes we plan to take. First, we’ll look at our coal resources. We have three coal-fired thermal power plants in the Czech Republic, which we will replace by 2030. It could be gas, biomass, synthetic methane… there are more options. This transformation will substantially reduce our emissions burden. In another division, we are trying to power our compressor stations with renewable energy instead of gas. In Slovakia, we are experimenting with new gases – we are converting renewables into hydrogen to power our compressor stations. Carbon capture will become increasingly relevant for us. And once we get carbon underground, it will help us become carbon neutral.

If you can’t keep up with this transformation?

Then we will build some renewable capacity to offset our emissions. So we have a pretty detailed plan to meet the targets. But if you want to say for sure how it’s all going to happen, I don’t know.

EPH has historically invested in green energy, recently approving a huge investment to build wind turbines in Germany. Do you plan to move in this direction within EP Infrastructure as well?

For EPIF, renewables are not the main strategy. We will only step in if we cannot meet the targets and only where it serves as a supporting technology to a larger whole. Investing in renewables is more the EPH way.

You are presenting an investment-intensive plan. How much will such a transition cost you?

I think we need to invest substantially.

EPIF is an investment firm. We have issued €2.35 billion of bonds so far. The latest subscription for half a billion euros indicates that the financial community understands the investment potential of our group. And they also see the role we will play in the context of the transition to clean energy.

Do you feel the rate of transformation to carbon neutrality increasing? Europe has set 2050 targets and companies are already racing to see who can reach the target first. Years like 2030 are already falling.

Two factors influence this situation. The first is the political consensus across the European Union and nation states, and the second is the investor community. If you look at insurance companies, they look very closely at how much is being discharged by the clients they insure. And let us also not forget that there is increasing demand for a clean Europe from citizens. It is no longer a question of if, but when. And every month the question of “when” gets closer and closer. Notwithstanding these changes, energy must remain affordable.

[post_title] => Interview with Gary Mazzotti: We are investing over 12 billion in reducing emissions. We will be carbon neutral by 2040. [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => interview-with-gary-mazzotti-we-are-investing-over-12-billion-in-reducing-emissions-we-will-be-carbon-neutral-by-2040 [to_ping] => [pinged] => [post_modified] => 2021-07-13 13:16:05 [post_modified_gmt] => 2021-07-13 12:16:05 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.epinfrastructure.cz/?post_type=news&p=3038 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 3247 [post_author] => 8 [post_date] => 2021-06-15 12:47:00 [post_date_gmt] => 2021-06-15 11:47:00 [post_content] =>

Today, the European Hydrogen Backbone (EHB) initiative presents an analysis on future demand, supply, and transport of hydrogen across Europe. This study complements the recently published EHB maps, outlining a hydrogen pipeline network of nearly 40,000 km by 2040, connecting 19 EU Member States plus the United Kingdom and Switzerland.

  • A new study by the European Hydrogen Backbone initiative estimates 2,300 TWh of hydrogen demand in EU+UK by 2050.
  • Future demand requires large pipeline transport capacities: repurposed existing gas infrastructure plays a crucial role in connecting hydrogen supply and demand locations.
  • In addition to domestic supply, abundant natural resources and physical proximity drive the favorable economics of pipeline imports from neighboring regions (such as North Africa and Ukraine), making these regions attractive partners for future hydrogen trade.
  • Study identifies additional blue hydrogen supply potential available in CEE (Eustream already plans various green/blue hydrogen project, subject of ongoing discussions with partners).

 

Full report and press release is available here:

https://gasforclimate2050.eu/publications/

https://gasforclimate2050.eu/news-item/new-study-sufficient-hydrogen-available-within-reach-of-the-european-hydrogen-backbone/

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Slovak gas TSO Eustream has joined the European Hydrogen Backbone (EHB) initiative with the aim to facilitate future hydrogen transit flows within the EU. The EHB initiative now proposes an updated vision of a hydrogen network of 39,700km connecting 21 European countries by 2040. Slovak part represents an important contribution to this initiative, enabling future import of hydrogen, potentially supplied from Ukraine, or other cross-border transit flows.

Eustream operates a part of the European  backbone network consisting of 4-5 parallel pipelines connecting Ukraine, the Czech Republic, Austria, Hungary and Poland in the near future. 

Eustream carefully follows the announced plans and partnerships indicating future green hydrogen production in the EU and neighbouring countries, with significant potential identified in Ukraine. The system of parallel pipelines will allow Eustream to develop hydrogen transportation gradually, depending on how fast the new production capacities are launched. 

“Our robust transmission system would offer a flexible and very cost-effective way of transporting green energy further to EU markets. We are committed to make our infrastructure hydrogen-ready and thus strongly contribute to the EU’s decarbonisation objectives” Eustream’s general director Rastislav Ňukovič.

For more information about EHB Initiative please visit https://gasforclimate2050.eu/

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The Slovak Regulatory Office for Network Industries approved the updated version of the Operational Order of eustream, a.s. introducing the new shorthaul product between Velke Zlievce – Baumgarten. For more information consult article 5.7. and 7.4.2. of the Operational Order.

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The introduction to the EP Infrastructure Sustainability Report states that your mission is to provide the necessary infrastructure for energy transmission. How does this mission go hand in hand with the major transformation that is taking place in your company in terms of the new goals you have set for yourself as EP Infrastructure?

The transition to zero-emission sources of anything, including energy, is very important for Europe today. Coal-fired power stations are being decommissioned or replaced. Gas is essential for Europe to become independent of carbon. Our company is therefore ideally placed to help make this transformation happen. Europe has set itself the ambitious goal of being carbon neutral by 2050. We say we will meet these targets by 2040.

This is a very ambitious goal. What do you need to do to fulfil this commitment?

There are several routes we plan to take. First, we’ll look at our coal resources. We have three coal-fired thermal power plants in the Czech Republic, which we will replace by 2030. It could be gas, biomass, synthetic methane… there are more options. This transformation will substantially reduce our emissions burden. In another division, we are trying to power our compressor stations with renewable energy instead of gas. In Slovakia, we are experimenting with new gases – we are converting renewables into hydrogen to power our compressor stations. Carbon capture will become increasingly relevant for us. And once we get carbon underground, it will help us become carbon neutral.

If you can’t keep up with this transformation?

Then we will build some renewable capacity to offset our emissions. So we have a pretty detailed plan to meet the targets. But if you want to say for sure how it’s all going to happen, I don’t know.

EPH has historically invested in green energy, recently approving a huge investment to build wind turbines in Germany. Do you plan to move in this direction within EP Infrastructure as well?

For EPIF, renewables are not the main strategy. We will only step in if we cannot meet the targets and only where it serves as a supporting technology to a larger whole. Investing in renewables is more the EPH way.

You are presenting an investment-intensive plan. How much will such a transition cost you?

I think we need to invest substantially.

EPIF is an investment firm. We have issued €2.35 billion of bonds so far. The latest subscription for half a billion euros indicates that the financial community understands the investment potential of our group. And they also see the role we will play in the context of the transition to clean energy.

Do you feel the rate of transformation to carbon neutrality increasing? Europe has set 2050 targets and companies are already racing to see who can reach the target first. Years like 2030 are already falling.

Two factors influence this situation. The first is the political consensus across the European Union and nation states, and the second is the investor community. If you look at insurance companies, they look very closely at how much is being discharged by the clients they insure. And let us also not forget that there is increasing demand for a clean Europe from citizens. It is no longer a question of if, but when. And every month the question of “when” gets closer and closer. Notwithstanding these changes, energy must remain affordable.

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