Germany is creating a hydrogen-based energy economy to replace fossil energy sources. The country plans to double its hydrogen electrolyser target to 10 GW by 2030.
- Green hydrogen economy
- National Hydrogen Strategy
- Business opportunities: decarbonizing German industry
Green hydrogen economy
The development of an efficient “green” hydrogen economy is central to achieving Germany’s climate protection goals and positioning the country as an international lead market for carbon-neutral energy. Hydrogen can be stored for long periods of time and transported over long distances with almost no loss.
Hydrogen produced in a climate-friendly way can help to significantly reduce CO2 emissions – especially in sectors (aviation, shipping, transportation) that cannot effectively be decarbonized in any other way.
National Hydrogen Strategy
The National Hydrogen Strategy (NHS) provides an action framework for the future production, transportation and use of hydrogen and related technologies and investments. The new government has doubled the original NHS hydrogen electrolyser target to 10 GW by 2030. Increased capacity will be achieved through massive expansion in offshore wind energy and the creation of European international energy partnerships.
Significant investment is being made in the necessary infrastructure to meet the new target, with a number of support programs being put in place within the sector. Accelerated planning and authorization processes are also being put in place to speed up power and hydrogen grid roll out.
Business opportunities: decarbonizing German industry
The German chemical industry as well as the German steel industry are leading industry sectors in Europe. Both industry's are seeking decarbonization in order to reduce their carbon footprint - and will therefore be moving to hydrogen within the next few years. This decarbonization trend will create new investment opportunities along the entire value chain: for the production of decarbonized chemicals, for the production of green steel as well as for technology providers that enable this transition.
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