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Thursday, 9 July 2020

GERMANY - €7 BILLION INVESTMENT IN H2


The German government adopted its national hydrogen strategy last month with plans to ramp up production capacity to 5 GW by 2030 and 10 GW by 2040. 

To achieve this, €7 billion will be invested in new businesses and research. EURACTIV Germany reports.

When he presented Germany’s hydrogen strategy in Berlin yesterday (10 June), economy minister Peter Altmaier (CDU) called the 28-page document the “greatest innovation since the EEG”, a reference to the landmark German renewable energy sources act which came into force in 2000.

With this “quantum leap,” Germany wants to become the world leader in hydrogen technologies, added Altmaier, who was speaking alongside three other ministers.

This is the first time that Germany has set itself quantitative targets for the production of hydrogen - 
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