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.
