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Germany ‘pumped’ 10 billion USD to lead the world in hydrogen energy program

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Green hydrogen production is aimed at many countries to reduce carbon emissions, gradually eliminating fossil fuels. Currently, Germany is investing heavily to become a leader in the field of green hydrogen.
On May 28, Germany’s Ministry of Economy and Transport said that the German government will finance 62 large-scale hydrogen projects, with about $ 10 billion from federal and state funds, in order to become the leading country. the world of hydrogen technology.

Specifically, Germany will provide $9.72 billion (€8 billion) for 62 projects it has selected to reduce emissions in the transportation, steel and chemical sectors. According to Economy Minister Peter Altmaier, Germany wants to be a global leader in hydrogen technology, noting that the just announced investment is a step towards making the German economy neutral. with carbon. Mr. Altmaier said that, through the use of hydrogen, Germany could annually cut several million tons of carbon dioxide (CO2) emissions from the steel and chemical industries. Germany has ambitions to lead the world in green hydrogen production. Photo: DW. Transport Minister Andreas Scheuer added: “We are making Germany a hydrogen country. A total of 95% of road traffic still depends on fossil fuels, so Germany needs transport based on renewable energy… We have to push and want to accelerate the transition to mobility. climate-friendly transition”. The German Energy Ministry will oversee 50 of these 62 projects, including plans for more than 2 gigawatts (GW) of electrolytic capacity to produce green hydrogen. This is 40% of the 5 GW target in Germany’s national hydrogen strategy by 2030. The Ministry of Transport will finance the remaining 12 projects in the transport sector. These activities will include the development and production of fuel cell systems and vehicles, including cars, trucks and buses… Hydrogen has gained a lot of momentum in recent years. It is appearing in almost every major oil company strategy and can be seen in many government plans for industrial decarbonisation. Governments, international organizations and oil and gas companies say that blue hydrogen (hydrogen plus carbon is collected and stored) and blue hydrogen (hydrogen produced by electrolysis of water using electricity from energy) solar or wind) could be the key to helping industries decarbonize waste in the energy transition.