mandates that require hydrogen injection into the gas Hydrogen is a critical technology to achieve the energy network, and contracts for difference which secure offtake transition. It now stands where solar PV and wind were process for producers. These stimulants must be quickly about 15 years ago. While renewables continue to and widely deployed to escalate demand for hydrogen benefit our clients through the quality and dynamism of by pushing ultimate prices down, and maintained until our investments, it is time to also embrace hydrogen as sufficient scale is achieved for market forces to deliver the energy source and investment opportunity of the Net low-cost hydrogen whenever and wherever it is needed. Zero future. We have already seen such a transformation of costs in the field of renewable energy, which has a crucial role in the production of hydrogen. To reach Net Zero, worldwide renewable power generation must increase by approximately 1,000GW per year until 2050. Hydrogen, while a green fuel in its own right, also accelerates renewable energy development by participating in solving the problems of intermittency and the limits of the grid: •Hydrogen facilitates long-term storage of renewable energy, for example between winter and summer, through the use of natural underground caverns. •Hydrogen, a versatile energy carrier, can help decarbonize hard-to-abate industries and heavy mobility. Ardian has projects that create hydrogen using electrolyzers powered by our renewable plants across the world. An introduction by At Ardian, we are committed to the energy transition MATHIAS BURGHARDT because first, it requires huge volumes of investment. Next, we expect environmentally unfriendly investments to Head of Infrastructure and destroy value. Finally, we believe it is everyone's duty to Member of the Executive Committee, Ardian act. In this context, we are particularly committed to clean hydrogen as it provides investors with great opportunities. 9