| | JULY 20248E ERGYTech ReviewIN MY OPINIONOn the year 2020, the Chilean Ministry of Energy published the `National Strategy of Green Hydrogen,' which defined the first guidelines of public politics aimed at promoting this policy in the country. The strategy established three objectives: (i) to produce the least expensive Green Hydrogen on earth by 2030, (ii) To be among the three largest exporters by 2024 and (iii) To have 5 GW of electrolysis capacity under development by 2025.By the end of 2023, the Ministry went deeper with the strategy through what was named the `Action Plan for Green Hydrogen 2023-2030.' Its objective was to define the itinerary for deploying the green hydrogen industry and its derived products. The plan has just completed the citizen consultation process and aims to achieve a broad national consensus about the development of the industry. In parallel to these definitions, at the date of publication of this letter, the private sector has been working intensively on different developments in the north and far south of the country. However, to date, only five initiatives have been submitted to the environmental assessment system. These projects aim to obtain the desired authorization or environmental license, a prerequisite to building and operating any relevant GREEN HYDROGEN: HOW DO YOU TAKE ADVANTAGE OF THE OPPORTUNITY?By Juan Carlos Monckeberg Fernández, Environment Director, AES AndesJuan Carlos Monckeberg Fernández
< Page 7 | Page 9 >