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Olivia, what fascinates you about hydrogen?
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Hydrogen I see is a very important part of the energy mix,
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particularly in the future where we want to move
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to a fully renewable system.
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And we have to find a solution for when it's not windy
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and when it's not sunny.
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I'm fascinated in hydrogen because it's one of those
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solutions that will fix the gap when those aren't available.
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The intermittency problem, if you like.
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What motivates your organization to be a front runner?
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EnBW is very committed to a new energy future
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of removing fossil fuels from the mix,
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of protecting the climate at the end of the day,
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and protecting the planet.
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To solve the intermittency issue,
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we need to investigate hydrogen and work out
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how we can use that
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in maintaining the energy system for our users.
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What challenges,
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because I guess it's not without challenges,
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do you think we're facing now
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in the up-nascent hydrogen market?
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I'm not sure we have long enough to talk about
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all of the challenges.
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There are many challenges,
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but as there always are with any new industry,
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any new product,
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and in this case, any new entire value chain,
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frankly speaking.
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That said, there's challenges and there's opportunities.
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So I think the big opportunities I would focus on
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is the fact that none of this is
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really brand new technology.
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A lot of it is using existing technology,
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but in either a different way to how it's already been used,
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and I'm thinking here of electrolysis, of gas pipelines,
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of uses of hydrogen,
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so refineries, fertilizer plants, et cetera.
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All of those exist today,
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but just need to be tweaked somehow
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to work with the new system, if you like.
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And that's not going to happen overnight.
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So that's a challenge.
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The biggest challenge is clearly the economics.
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Yeah.
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But if you break that down,
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it's getting all of the stakeholders in the value chain
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aligned, on board, cooperating well.
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So we have the EUETS, for example, which is already...
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we wouldn't be sitting down having this conversation,
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if there wasn't a carbon price.
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What's your view and the outlook
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for the nascent hydrogen industry?
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So I think clarity on the regulations
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is a critical next step.
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And I think at that point, industry is poised
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and industry all the way along the value chain.
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So from the end user industry,
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to the midstream infrastructure industry,
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to the upstream production industry,
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everyone is poised to make this transition,
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to make it happen.
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The framework needs to be clear that we're operating within.
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What is your final takeaway?
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I think we need to manage the hype a little bit,
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that it's not the sole solution.
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It is going to be one of the solutions,
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but clearly renewable energy development,
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wind development, solar development,
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hydropower where it's available, is also critical.
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And other forms of storage, energy storage.
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So yes, I think hydrogen is a very important part.
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It's not the only part,
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but we all have an important part to play
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in making the whole thing carbon neutral.