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The Haralds of Hydrogen

Floris Jacobus Adrianus de Klerk Wolters

Chapter 13: Other Sections

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  • 1 Excluding G46.7.1: Wholesale of solid, liquid and gaseous fuels and related products, and G47.3: Re (...)

1So far, this paper has addressed over 80% of the entities that support the various hydrogen coalitions across Europe. Other sections, such as construction, administrative and support services, and parts of the wholesale and retail trade sector, have been addressed in previous chapters too. That still leaves approximately 12% unaddressed: this includes education (N=9, 0.54%), information and communication (N=18, 1.08%), real estate activities (N=6, 0.36%), water and waste management (N=21, 1.26%), wholesale and retail trade (excl. automotive fuel; N=75, 4.49%),1 public administration and defence (N=14, 0.84%), financial and insurance activities (N=16, 0.96%) and other services activities (N=44, 2.63%). This does not mean that they play no role in the future of the hydrogen transition. In particular, the role of the financial sector, and membership organisations (under other service activities) deserves mentioning.

2Only a very few entities working in the financial and insurance section are registered as members of hydrogen associations in Europe (N=16, 0.96%). This still includes some (very) large companies, such as Allianz, AXA and Bayern Landesbank, but most large financial and insurance companies remain absent. Nevertheless, this section will play an important role in enabling and pushing other sectors to invest in the hydrogen transition. Shareholder activism is an important motivation for large companies in carbon-intensive industries to move in the direction of hydrogen. Financial institutions as well as big investment funds can play a role in encouraging various industry leaders to put more emphasis on sustainability. Perhaps more importantly, the financial sector could be an important partner in generating the large investments needed for kickstarting the hydrogen economy. The support of investment funds for hydrogen projects could be an important catalyst for the realisation of its full potential.

  • 2 This includes entities classified under other personal service activities.

3 Hydrogen also needs broad(er) societal support for it to succeed. Although not the focus of this paper, there are some membership organisations and environmentalist NGOs that are members of hydrogen associations (N=44, 2.63%).2 Although some, such as the Bellona Foundation in Norway, also campaign in support of blue hydrogen, most, including Greenpeace for instance have put their faith specifically in green hydrogen. Most membership organisations, however, remain industry societies and regional economic fora or combinations thereof (e.g. Bayerischer Unternehmensverband Metall und Elektro or Energigass Norge). Although defining the precise level of support for the hydrogen transition from NGOs and environmentalist groups falls outside the scope of this paper, their role in creating a broader base of public support for the hydrogen transition is undeniable.


1 Excluding G46.7.1: Wholesale of solid, liquid and gaseous fuels and related products, and G47.3: Retail sale of automotive fuel in specialised stores.

2 This includes entities classified under other personal service activities.


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