According to the Franco-German statement, Germany will participate in a new hydrogen pipeline project between Spain, Portugal, and France.
By 2030, the H2Med project, which will link Portugal, Spain, France, and now Germany, will be able to meet 10% of the hydrogen demand in the EU.
Green hydrogen, produced by electrolyzing water using renewable energy, will be transported through the pipeline that runs beneath the Mediterranean Sea. According to the Spanish government, H2Med will have the capacity to produce about two million metric tons of hydrogen yearly.
France and Germany
Both French President Emmanuel Macron and German Chancellor Olaf Scholz declared that they were “increasing our investments in the technologies of tomorrow, particularly renewable and low carbon energies.”
At the end of April 2023, a joint working group between the two nations will offer suggestions on the tactical options for the development of hydrogen.
