Germany Gives $5 Billion to Hydrogen Works to Speed Climate Plan
- RWE, Air Liquide, EWE will supplement projects with own money
- European neighbors may supply as much as 70% of the clean fuel
Industrial demand is likely to far exceed the nation’s capacity to deploy renewables.
Photographer: Ina Fassbender/AFP/Getty ImagesThis article is for subscribers only.
Germany is giving €4.6 billion ($5 billion) in subsidies to nearly two dozen hydrogen infrastructure projects as the government accelerates plans to move away from polluting gas and coal.
The recipients include RWE AG, Air Liquide SA and EWE AG, and those companies committed to investing another €3.3 billion, according to the economy ministry. The supported projects involve producing, transporting and storing hydrogen, with the planned construction of about 2,000 kilometers (1,243 miles) of pipelines.