CRETE-AEGEAN H2 VALLEY (CRAVE-H2)

The Cretan-Aegean Hydrogen Valley will be developed in the Island of Crete with main objective the production of green hydrogen, which will be used for the decarbonisation of the transportation sector and the grid with electricity production with fuel cells.

Link to website

LEAD DEVELOPER

EUNICE

PROJECT PARTNERS

De Nora, Polito, CERTH, Ballard Europe, Region of Crete, Solmar

EUNICE

Ballard Europe, SOLMAR Union Coaches, HEDNO

MAIN POLITICAL SPONSORS

Region of Crete Government

MAIN LOCATION

Greece

OTHER LOCATIONS

Project details

H2 PRODUCTION VOLUME

[T/year]:

500

INVESTMENT VOLUME

[M€]:

12.50

FUNDING

VALUE CHAIN COVERAGE

PRIMARY ENERGY SOURCING

Electricity from solar PV

H2 PRODUCTION

Water electrolysis with ALK electrolyser

H2 STORAGE

Cylinder - Compressed H2

H2 TRANSPORT

Trucking - Compressed H2

H2 DISTRIBUTION FOR MOBILITY

HRS 350 bar

END USES

MOBILITY

Buses

ENERGY

Stationary fuel cells for distributed generations - Prime power

INDUSTRIAL FEEDSTOCK

Project timeline

CURRENT STATUS:

Under construction

2014

2023

Start of project development

2026

Project finalization

2035

KEY SUCCESS FACTORS

PROJECT DEVELOPMENT PHASE

Regulatory provisions
Permitting and authorization procedures
Political backing and buy-in
Experienced staff
Local public acceptance
Risk sharing mechanisms between project partners

COMMERCIAL AND FINANCING PHASE

Securing private investors
Securing public financial support (subsidy/grant)
Putting a de-risking framework in place

Go back to Hydrogen Valleys Contact

N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.