Germany’s dash for hydrogen gathers pace
Federal government and states grant a combined €4.6b to projects across the value chain, despite struggling economy and pressure on public finances
Germany’s push to hardwire hydrogen into Europe’s largest economy gained momentum in July, with a €4.6b ($5b) public funding commitment to multiple projects, as well as the fleshing out of plans to tender for hydrogen-fired power generation and the signing of a first major green ammonia import deal. Twenty-three projects spanning electrolysis, storage, pipelines and the use of liquid organic carriers have secured public funding under Hy2Infra-Welle, an umbrella project waved through by the EU in February as an Important Project of Common European, allowing it to circumvent EU competition rules on state aid. The funding will be provided by both the federal government (70%) and the individual
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges