From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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h/t Patsy Lacey

ESSEN, Germany, June 12 (Reuters) – Investor caution about hydrogen as a future source of energy to reduce emissions of greenhouse gases did not suggest slowing resolve to phase out fossil fuels, German industry executives and policymakers said on Wednesday, pleading for patience.

They told a conference organised by the Handelsblatt business newspaper that regulatory support for new value chains would bring about a large-scale switch to renewably derived hydrogen energy early next decade.

Germany wants national electrolysis capacity of 10 gigawatts (GW) by 2030. Last month, it approved an acceleration bill to help decarbonise the EU’s lead industry, whose manufacturers are key to future hydrogen consumption.

Critics say that final investment decisions on only 300 MW of projects, according to data presented by utility E.ON , indicate of possible failure, while reliance on future bulk imports is nebulous.

If Germany does not manage the move to hydrogen, it will weaken the entire bloc’s chances of adopting it and competing successfully with the United States and China.

https://www.reuters.com/sustainability/climate-energy/german-industry-policymakers-urge-patience-hydrogen-conversion-2024-06-12

TRANSLATION

Without massive subsidies, hydrogen is a non-starter in Germany.