German Economic Ministry Allocates EUR 900 Million for H2Global
Germany’s Ministry for Economic Affairs and Climate Action has approved nearly a billion euros in hydrogen support funds as part of the government’s H2Global project.
The money is earmarked to help scale up green hydrogen as an energy carrier up to industrial dimensions. The German government aims to increase the country’s electrolyzer output to ten gigawatts by 2030. But Germany’s hydrogen plans are decidedly international.
“Green hydrogen plays a central role in transforming our economy,” said Minister Robert Habeck. “In the future we’ll need a large amount of green hydrogen and will have to rely on imports as well as production in Germany. That’s why we are already starting with the international industrialization of the hydrogen economy and are creating long-term value and supply chains using the H2Global instrument.”