Germany Taps Hydrogen Subsidies in Race to Replace Fossil Fuel
- Country to build up to 5 GW of electrolysis capacity by 2030
- Plan is to spur switch to green hydrogen in industrial scale
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Germans are preparing to throw the weight of Europe’s biggest economy behind a plan to replace fossil fuels with the universe’s lightest element.
Hydrogen production could be subsidized under a new German plan to fill in the energy gaps left by the country’s impending exit from coal and nuclear power, according to an Economy Ministry draft report seen by Bloomberg. Officials have tapped clean-burning hydrogen as the new oil to fuel transport, heating and industry.