Huge investment in hydrogen from Germany
Projects that will receive financial support Up to 1.4GW hydrogen production capacity, 370WGh hydrogen storageIt involves the use of 2,000 km of pipeline and liquid organic hydrogen carrier (LOHC) terminals with a carrying capacity of 1,800 tonnes. Developers, which include RWE, Air Liquide, BP, EWE and Enertrag, are expected to invest a total of €3.3 billion specifically in these projects by 2030, in addition to €4.6 billion.
While Germany provides 70 percent of the approved financing from the federal government budget, the remaining 30 percent will be covered by the state budgets where the projects will be developed. This €4.6 billion financing is the third of the EU-wide €6.9 billion funding that supported 33 projects in France, Germany, Italy, the Netherlands, Poland, Portugal and Slovakia earlier in the year. Part of the IPCEI Hy2Infra program It is stated that .
German Federal Minister of Economy and Climate Protection (BMWK) Robert Habeck touched upon the importance of hydrogen in his statement and said: “An effective hydrogen infrastructure plays a key role in decarbonizing the industrial and energy sectors. Hydrogen pipelines will become the lifeblood of industrial centers. In doing so, we create the conditions for climate-neutral growth.”
According to reports, Germany provided financing for a total of nine electrolyzer projects ranging from 55-370 MW capacity. 10 pipeline projects ranging in length from 40 to 618 km also received financial support. In addition, four hydrogen storage projects between 17 million nm3 and 50 million nm3 were also supported. In addition to these projects, financing will also be provided for new projects.
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