Morocco continued during the year 2022 on its momentum in terms of the development of green hydrogen,
commonly called Power-to-X, constantly attracting major investors, to the point of being considered by observers as a new El Dorado for this one.
Indeed, the Kingdom is today one of the best-positioned countries in the revolution of this green energy, a technology for which it could offer some of the lowest production costs in the world.
Moreover, Morocco, which enjoys “significant” potential to develop this new sector of the energy transition, was in 2022 at the forefront of the deployment of large-scale solar and wind capacities and its ambitions to achieve more than half of its energy mix in renewables by the end of the decade are even more impressive.
And it is the Italian media “L’Opinione Delle Liberta” which confirms it loud and clear. "Endowed with an ambitious, pragmatic, and forward-looking vision, Morocco is a model to follow in terms of the energy transition", writes the media which wishes to recall that "thanks to its political and social stability, the Kingdom is experiencing major transformations in several sectors and is betting more than ever on green hydrogen".
In this context, Morocco has launched the first Green Hydrogen Cluster in Africa "Cluster Green H2", composed of public and private, national and international actors with a view to working on all technological developments in this very promising economic and industrial sector, with the ambition of becoming a key player in the export of green hydrogen to Europe at very competitive costs.
There was also talk this year of announcing the development of a hydrogen storage project launched by HDF Energy and Somas which will allow the storage of this gas in the cavities of the Mohammedia salt mine as well as the conclusion of a contract between total energies and the Spanish denim manufacturer Evlox, which intends to strengthen its position in the industrial and commercial sector to support companies in their energy transition in Morocco.
Also, Total Eren, a subsidiary of Total Energies, has committed 10.69 billion dollars, in this case, 100 billion dirhams (MMDH) in the realization of a project for the production of green hydrogen and ammonia, in Guelmim -Oued Noun.
Either a project that will be able to enable the country to decarbonize certain major sectors of its economy, including mining and maritime transport, to create a Moroccan industrial sector of green energy that will generate thousands of jobs, direct or indirect, non-relocatable and competitive, in addition to serving Europe with clean energy.
Placed by the World Energy Council Germany as one of the five countries with the greatest potential for the production and export of green molecules (ammonia, methanol, etc.), Morocco could capture up to 4% of the world market. hydrogen, or nearly 3 billion dollars, which could only reinforce the growth of this rising industry.