Germany uses hydrogen bank for own proje • Table.Briefings

epa10964418 Employees work at an assembly line during the opening of Siemens Energy's new Gigafactory for the production of electrolysers, in Berlin, Germany, 08 November 2023. According to Siemens Energy, it intends to manufacture modules for hydrogen electrolysers on a gigawatt scale at its site in Berlin and move on to industrial series production. Electrolysers are devices that break down water into the basic components hydrogen and oxygen in an industrial process. If the electricity used for this comes from climate-friendly or low-CO2 emission sources such as wind and solar energy or hydropower, it is called green hydrogen. EPA-EFE/HANNIBAL HANSCHKE — Basis for hydrogen production: production of electrolyzers in Berlin.

The German government will be the first EU country to use the auction model of the European Hydrogen Bank and will provide €350 million for this purpose. The funding for the projects in Germany comes from the KTF.

The German government will be the first EU state to use the auction model of the European Hydrogen Bank. It intends to provide €350 million for this purpose. This was announced by the Federal Ministry for Economic Affairs and Energy and the EU Commission on Wednesday. The money will be used to subsidize the construction of electrolyzers in Germany. The German government had set itself the goal of increasing capacity to ten gigawatts by 2030.

Germany uses hydrogen bank for own projects

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