As part of the EU's Green Deal Industrial Plan, this "Act" aims to achieve a net-zero technology manufacturing capacity in the EU that is close to or reaches 40% of the EU's annual deployment needs by 2030. Using assessments of commercial viability and potential for rapid scale-up, the "Act" identifies eight strategic net-zero technologies, including solar photovoltaics, onshore wind power, battery/storage technology, and heat pumps. According to the "Act," by 2030, the EU's domestic solar PV manufacturing capacity will be at least 30GW; the manufacturing capacity of wind turbines and heat pumps will be at least 36GW and 31GW respectively; the capacity of battery manufacturing will be at least 550GWh, aiming to meet nearly 90% of the EU's annual demand; and the total installed capacity of electrolysis hydrogen production will be at least 100GW. The proposal has not yet completed the legislative process, and specific provisions are subject to further negotiations, and subsequent approval by the European Parliament and EU member states. View Details >