Germany Invests €4.6bn in Green Hydrogen Projects to Boost National Strategy
Key Ideas
- The German Ministry of Economy and Climate Protection allocates €4.6bn for 23 green hydrogen projects under the IPCEI Hydrogen, focusing on production, storage, transportation, and utilization.
- The projects aim to have 1.4 GW of green hydrogen capacity, 370 GWh of hydrogen storage, a 2,000 km pipeline, and the use of liquid organic hydrogen carriers.
- Funding is part of the National Hydrogen Strategy to achieve 10 GW of electrolysis capacity and 1,800 km of hydrogen pipelines by 2030, supported by the EU's Recovery and Resilience Facility.
- Key beneficiaries of the funding include Enertrag, RWE, BP, Thyssengas, Air Liquide, and Gasunie, contributing to Germany's transition towards a more sustainable and hydrogen-powered economy.
The German Ministry of Economy and Climate Protection has announced a substantial investment of €4.6bn to finance 23 green hydrogen projects as part of the third Hy2Infra wave of the IPCEI Hydrogen. These projects, approved by the EU Commission, cover the entire value chain of green hydrogen production and utilization. With a focus on renewable energy sources, the projects aim to establish 1.4 GW of green hydrogen production capacity, store up to 370 GWh of hydrogen, build a 2,000 km pipeline for hydrogen transport, and utilize liquid organic hydrogen carriers. Notably, part of the funding is sourced from the German Recovery and Resilience Plan, financed by the EU's Recovery and Resilience Facility NextGenerationEU. The National Hydrogen Strategy, updated in 2023, guides these initiatives, targeting 10 GW of electrolysis capacity and over 1,800 km of hydrogen pipelines by 2030. Beneficiaries of this investment include major players like Enertrag, RWE, BP, Thyssengas, Air Liquide, and Gasunie. This funding underscores Germany's commitment to sustainable practices and signifies a significant step towards achieving a hydrogen-powered economy.