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Green Hydrogen H2 News

At the same time, Annalena Berbock, Germany’s Minister of Foreign Affairs and co-chair of the German Green Party, left no doubt in Kiev about the direction “our energy partnership” should take, as she put it bluntly: “Both Germany and Ukraine require large-scale development of renewable energy sources and rapid growth of the green hydrogen market.”

Green Hydrogen H2 News

This is especially critical since the development of green hydrogen is backed by governments and corporations all over the globe; for example, the EU aims to invest up to 470 billion euros in this area, and these funds may be sent to Ukraine.

Green Hydrogen H2 News

According to a new report from energy market experts BloombergNEF, 2022 will be a banner year for the green hydrogen industry, as a growing focus on industrial decarbonization and lowering technological prices drive further investment in new renewable hydrogen production capacity.

Green Hydrogen H2 News

Clean hydrogen is being hailed as a potential panacea for decarbonizing sectors such as steel and chemicals. These sectors are now unable to be fully electrified due to the high energy demands of industrial operations and chemical reactions.