NEWS COMMENTARY

Germany passes $10.2 billion hydrogen strategy and stimulus plan

Published:
June 11, 2020
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The German federal ministry of economy and energy unveiled Germany's national hydrogen strategy, calling for 5 GW of new green hydrogen capacity (hydrogen produced from wind- or solar-powered electrolysis) and dedicating $8 billion toward the development of that capacity. The hydrogen strategy brief recognizes Germany's limited renewable potential to produce green hydrogen, so it has also dedicated a further $2 billion toward international collaboration projects. Notably, the hydrogen strategy identifies an 85 TWh shortfall between green hydrogen supply and economywide hydrogen demand in 2030. Clients should evaluate different hydrogen import technologies and position themselves as early leaders in one of the largest markets for hydrogen.

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