Twelve hydrogen-related initiatives are being funded by the German federal and state governments in the state of Lower Saxony.
The projects are expected to receive a total of 2.3 billion Euros. About 700 million euros are projected to come from the state in addition to the federal government’s 1.6 billion euros. The state of Lower Saxony hopes to develop a green hydrogen economy that can last for the long haul.
The twelve approved projects will help with hydrogen production, storage, transportation, and importation. State officials have stated that domestic hydrogen production cannot function without some external supply. Therefore, it is essential that the terminals being built to import liquefied natural gas (LNG) can be converted to import green gas in the future.
Hydrogen provides a chance to fortify Germany’s energy supply while decreasing its reliance on any one country. Hydrogen is essential to ensuring the country’s economic growth and stability. The goal is to drastically cut CO2 emissions using hydrogen.
