NEWS COMMENTARY

Germany passes $10.2 billion hydrogen strategy and stimulus plan

Published:
June 11, 2020
Coverage:
Owning the Energy Transition
Activities:
Investment More...
by Tim Grejtak
Truly disruptive

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.

For the original news article, click here .


Further Reading

Germany to invest €8 billion to support the development of its hydrogen economy

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Lotte Chemical commits $3.8 billion to boost South Korea's hydrogen economy

News Commentary | September 02, 2021

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U.K. unveils its National Hydrogen Strategy

News Commentary | August 23, 2021

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