Germany Selects 62 Hydrogen Projects For €8 Billion Fund
The Ministry for Economic Affairs and Energy and the Ministry of Transportation and Digital Infrastructure have announced the names of more than 60 initiatives that will received support as part of Germany’s National Hydrogen Strategy.
The Important Projects of Common European Interest (IPCEIs) are spread across all of Germany and represent four main areas: hydrogen production (Erzeugung), infrastructure (Infrastruktur), industrial uses (Nutzung Industrie) and mobility uses (Nutzung Mobility).
More than 230 projects applied for funding. All told, Germany hopes to see EUR 33 billion in investments in hydrogen, with more than EUR 20 billion of that to come from private investors.
“We’re providing the 62 German projects selected today with more than eight billion euros in national and regional state money,” Economic Affairs Minister Peter Altmaier told the press. “With these projects, we’re covering the entire value creation chain.”
“We’re rethinking mobility in a European and holistic way – from the energy system to engine technologies to filling infrastructure,” Transportation Minister Andreas Scheuer said in a statement. “At present 95 percent of transportation is dependent on fossil fuels. So we urgently need more mobility based on renewable energies.”
The government has repeatedly stated that it intends to make Germany a world-leader in hydrogen power technology.