FEV has joined the H2Global Foundation in order to help achieve the goals set out in Germany’s National Hydrogen Strategy, which include assisting in the manufacture and import of green hydrogen and power-to-x goods.
The foundation serves to implement the German Federal Ministry of Economic Affairs and Energy’s funding model, while FEV offers over 20 years of experience in the field of hydrogen technologies.
“In order to achieve climate neutrality for the European economy, Germany and Europe will be dependent on energy imports in the future. ‘Green’ hydrogen, meaning hydrogen produced from renewable energies, can be used as a storage medium of these energies, as well as a basis for synthetic fuels, or directly in fuel cells and combustion engines. Therefore, it is important to accelerate the corresponding market ramp-up and establish a German, or even European, hydrogen economy. The transportation sector here in particular represents a significant demand. To achieve a rapid reduction of CO2 emissions in this field, the use of all available technology options is required.”Professor Stefan Pischinger, CEO of FEV Group.
As a result, FEV has joined the H2Global Foundation, which is in charge of putting the funding concept of the same name into action. The goal is to build a local hydrogen economy in exporting nations as well as to encourage the market spread of green hydrogen and hydrogen-based power-to-x products in Germany.
The German Society for International Cooperation (GIZ) devised the market-oriented support program, which is now being expanded by an expert commission under the project sponsorship of the German Hydrogen and Fuel Cell Association (DWV). The foundation is writing the relevant regulations and specifications, monitoring compliance, and certifying funding conditions established by the German Federal Ministry of Economic Affairs and Energy, as well as other ministries.
“To achieve national and international climate goals, a global approach to solutions, increased international cooperation, changed economies, and a systematic de-fossilization of national economies worldwide is required. Various regions are particularly attractive as strategic partners for future energy imports due to favorable wind and solar conditions for renewable energy production. However it is important to ensure that the export of energy sources does not come at the expense of the energy supply needed to service the exporting countries or slow down their own efforts for an energy turnaround, as this could create incentives to reinvest in petroleum-based energy sources. For us, a partnership of equals means that all parties should benefit.”Professor Pischinger.
As part of the 2015 Paris Climate Agreement, legally binding global climate protection targets were established. Among other things, it was determined to cut harmful emissions in the EU by 40% compared to 1990. This figure was tightened to 55 percent under the European Green Deal, while Germany went even farther, lifting its targets to 60 percent. The EU’s goal is to achieve complete carbon neutrality by 2050. The European market’s strong interconnections and constant expansion in transport volumes necessitate a single approach, notably in the transportation industry. FEV hopes to be at the forefront of this ambitious change by cooperating with the H2Global Foundation.