Oireachtas Joint and Select Committees
Thursday, 23 March 2023
Public Accounts Committee
2021 Financial Statements of Enterprise Ireland: Discussion
9:30 am
Mr. Leo Clancy:
The Deputy is right. We will see green hydrogen projects that will not rely on offshore wind. The larger future opportunity in green hydrogen will depend on more and more renewables. That is the point I was trying to make but I absolutely take the Deputy's point and agree with him. On that point, we have had an offshore wind cluster develop over the past number of years. We will continue to work with those companies on opportunities for offshore and onshore wind in Ireland and overseas. We see this as a massive export opportunity and indeed, it is an export reality currently. We are seeing Irish companies supplying offshore and onshore markets across Europe.
Activity relating to green hydrogen is increasing. As stated, I spoke to two companies in past three days about their green hydrogen ambitions. I have spoken to quite a number of others over the past three months. There is a growing momentum, and we will get behind that. I mentioned that we launched the latest call in respect of the disruptive technology innovation fund the week before last. That call is focused on sustainability and the built environment. We are keen to see green hydrogen projects come through in response to that. It is a very generous scheme for clients in terms of ability to access funding. We would like to see more on that.