Germany unveils plan to accelerate adoption of hydrogen

Handelsblatt

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Pragmatic and realistic measures: The Federal Government wants to accelerate the development of a hydrogen market, but hydrogen is much more expensive than fossil alternatives.

n-tv

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Hydrogen is a key component of a climate-neutral economy, but it is still too expensive and scarcely available. Economics Minister Reiche now wants to boost the sluggish market through partnerships and less stringent regulations.

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The German Ministry of Economy and Energy has announced an incentive package of at least €1.5 billion to accelerate the hydrogen market and support industrial companies in switching to the new fuel. Carbon differential contracts will offset additional costs for companies over 15 years.