Germany passes $10.2 billion hydrogen strategy and stimulus plan

June 11, 2020
Owning the Energy Transition
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

SAIC opens 8,000 m² hydrogen fueling station

News Commentary | June 14, 2019

SAIC Motors launched what it claims is the world's largest hydrogen fueling station in Shanghai Chemical Industry Park. The fueling station covers 8,000 m2, has a refueling capacity of 2 tons of hydrogen per day, and can service 20 fuel cell vehicles at a time or 600 fuel cell vehicles per day. ... Not part of subscription

NEDO organizes industrial consortium to research ammonia co-firing in thermal power plants

News Commentary | April 03, 2020

The New Energy and Industrial Technology Development Organization (NEDO), the Japanese government arm coordinating public‑private sector research on energy technology, announced a new industrial consortium dedicated to researching co‑firing ammonia with fossil fuels to reduce the carbon emissions of... Not part of subscription

Dutch plan to create a local hydrogen exchange market will be a huge boost to the hydrogen economy

News Commentary | November 05, 2020

The Netherlands is currently exploring the possibility of creating a local trading platform for hydrogen which will include guarantees of origin and a hydrogen price index. Today, hydrogen is typically produced and consumed on‑site – the lack of infrastructure and mechanisms for hydrogen transport ... Not part of subscription