EuropeFeaturedHydrogen

Germany to invest more than €8bn in hydrogen projects

0

Germany’s Economy and Transport Ministries announced that they will invest more than 8 billion euros ($9.74 billion) in large-scale hydrogen projects as part of a plan to scale up hydrogen as a carbon-free alternative to meet climate targets.

The 62 German projects, which support the chemical, steel, and transportation industries, are part of Hydrogen-IPCEI, a joint European hydrogen project, according to the ministries.

In a statement, Transport Minister Andreas Scheuer said, “The fact is: we must and WANT to urgently promote the switch to climate-friendly mobility.”

Germany is attempting to accelerate its transition to clean energy following a landmark ruling by the country’s top court last month that called for more ambitious CO2 reduction targets.

Green hydrogen is a zero-carbon fuel produced by electrolysis, which splits water into hydrogen and oxygen using renewable energy sources such as wind and solar.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

HydrogenPro, H2V Industry and Mitsubishi Power focus on green industrial hydrogen projects

Previous article

Flemish region gets green hydrogen Hyve team

Next article

You may also like

More in Europe

Comments

Comments are closed.