Germany's state-owned development bank KfW has green-lighted a €24bn loan to facilitate the development of the nation's core hydrogen network. This ambitious project entails repurposing gas pipelines to transport hydrogen, creating a massive 9,040 km network by 2032. The goal is to establish seamless connectivity between hydrogen production sites, industrial hubs, and the broader European network. The allocated funds will be channeled into an amortisation account, offering financial support to private entities responsible for constructing and operating the network. This initiative is particularly crucial for energy-intensive industries, as emphasized by Stefan Wintels, KfW's chief executive, who lauded the project as pioneering and essential for the future of hydrogen. The authorities believe that this strategic investment will invigorate the hydrogen sector, which recently faced setbacks following Equinor's withdrawal from hydrogen export plans to Germany due to cost and demand concerns. By setting network fee limits, Germany's Federal Network Agency aims to incentivize customers to transition to hydrogen, underscoring the nation's commitment to advancing towards a hydrogen economy.