Germany has come out head and shoulders above the rest of the world in a new study by CranmorePartners and energyestate of the world’s best nations for investment in the hydrogen sector. The “global hydrogen frontrunner” placed clearly ahead of Spain, the US, Australia and France in positions two through five.
The report cited first and foremost the eight million euros in domestic German government funding, which it said would “unlock gigawatts of electrolyzer production and thousands of kilometers of H2 pipeline.” Germany received perfect scores of five in the categories “regulatory commitment,” “transportation” and “local demand potential.”
The study also highlighted Germany’s world-first hydrogen Contract for Difference program and its geography.
“Germany’s geographical attributes support its aspirations to lead the EU’s energy transition,” the report concluded. “Germany holds 42 percent of Europe’s onshore and offshore salt cavern hydrogen storage potential, essential to seasonal energy balances.”
Full report: here