French President Emmanuel Macron said on Tuesday that by 2030 France must be a leader in carbon-free power production, and will build one small modular reactor as well as two megafactories for the production of green hydrogen by then.

"We must be a leader in green hydrogen by 2030," Macron said in a speech while unvieling a 20 billion euro plan for innovation and industrial revival.

Macron said that Europe will never have enough renewable energy capacity to produce sufficient green hydrogen for mobility, and that France's nuclear plants are a major asset for producing green hydrogen via electrolysis.