Germany selects hydrogen projects for $9.7bn in state support

Germany selects hydrogen projects for $9.7bn in state support

Germany selects hydrogen projects for $9.7bn in state support

Germany’s economy and transport ministries have selected 62 large-scale hydrogen projects for more than €8bn ($9.7bn) in state and federal funding, they announced on May 28.

The projects were picked from a list of over 230 investment proposals, as part of the EU’s Important Projects of Common European Interest initiative. They include over 2 GW of electrolyser projects, representing 40% of Germany’s goal for electrolyser capacity by 2030, as well as 1,700 km of hydrogen pipelines, various projects to decarbonise the CO2 intensive steel industry and the development of hydrogen fuel cell systems and vehicles, as well as hydrogen refuelling infrastructure.

The economy and transport ministries are providing a combined 5.8bn in funds, while additional financing will come from federal states. The support will unlock €33bn in investment, the ministries said.

“We want to become the number one in the world in hydrogen technologies,” German federal economics minister Peter Altmaier said in a statement, noting that the projects covered the entire hydrogen value chain. “We are thus taking a big step on the way to making our economy climate neutral,” he said, adding: “a central area of this is the steel industry as well as the chemical industry.”

“Green hydrogen and fuel cells are, across all modes of transport, a great addition to pure battery vehicles,” federal transport minister Andreas Scheuer added. “The fact is we must and want to urgently promote the switch to climate-friendly mobility.”

Germany is prioritising the development of green hydrogen rather than lower-cost blue hydrogen, even though the latter is also considered clean as its CO2 emissions are captured and stored. The IEA estimates the cost of green hydrogen at €2.5-5.5/kg, and the cost of blue hydrogen at only €2/kg.

This content was originally published here.

Previous Article
Racing for hydrogen: How gas giants are vying to stay relevant - JWN Energy

Racing for hydrogen: How gas giants are vying to stay relevant - JWN Energy

Next Article
Model S deliveries, Honda Insight, Hyundai fuel-cell truck, free fast-charging: Today’s Car News

Model S deliveries, Honda Insight, Hyundai fuel-cell truck, free fast-charging: Today’s Car News

Related Posts