GTAI

Germany pledges EUR300 million for green hydrogen research / German research minister announces massive additional investment in hydrogen-based energy technology

Berlin (ots) - As part of the Energiewende, Germany's transition
to non-nuclear, sustainable power sources, the Ministry of Education
and Research will pump at least 300 million euros more into research
on green hydrogen by 2023. 180 million euros in ministry funds were
already allocated to such research in the coming years.

The new influx of funds comes after the government cabinet
approved its draft legislative "climate package."

"We will increase the intensity of our research into green
hydrogen, that is, hydrogen produced by the sun and wind," said
Federal Minister of Education and Research Anja Karliczek. "Green
hydrogen is the energy carrier of the future and a key foundation
needed for us to meet our climate goals."

In July, Federal Economic Affairs and Energy Minister Peter
Altmaier announced 300 million euros of his own to support hydrogen
research and has promised that Germany will become the "world number
one" in hydrogen technologies.

"By the end of this year, the government will decide on a hydrogen
strategy with which we will create the conditions enabling businesses
to further develop its industrial potential," Altmaier said on
Wednesday.

With Wednesday's announcements, the two ministries have pledged
780 million euros to this research.

"Hydrogen technologies offer enormous potential for the
Energiewende, climate protection and new jobs," says Germany Trade &
Invest (GTAI) Director of Energy, Construction and Environmental
Technologies Esther Frey. "This initiative shows how serious Germany
is about supporting this technology. It should provide a major boost
to this sector."

For further information, see the GTAI fact sheet on the German
energy storage market:

http://ots.de/r0dPbb

Germany Trade & Invest (GTAI) is the economic development agency
of the Federal Republic of Germany. GTAI supports German companies
setting up in foreign markets, promotes Germany as a business
location and assists foreign companies setting up in Germany.

Originaltext: Germany Trade & Invest
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