Germany picks 62 major hydrogen projects to get EUR 8bn in funds

The German government will provide more than EUR 8 billion (USD 9.76bn) in federal and state funds for 62 large-scale hydrogen projects that were hand-picked last week.

The selected projects cover the entire value chain of the hydrogen market -- from production and transport to industrial applications. They have been picked out of over 230 applications to receive funding under a joint European hydrogen project referred to as an Important Project of Common European Interest (IPCEI). Germany's picks will need to be approved by the European Commissions (EC) under state aid law this year.

The Federal Ministry for Economics Affairs and Energy (BMWi) and the Federal Ministry of Transport and Digital Infrastructure (BMVI) will award some EUR 4.4 billion and up to EUR 1.4 billion, respectively, while the remainder will be made available by the federal states.

BMWi, in particular, has chosen 50 schemes that envisage the installation of over 2 GW of electrolysers for the production of green hydrogen. BMVI, in turn, has selected 12 projects in the mobility sector with regard to the development and manufacture of fuel cell systems and vehicles.

A map of all selected projects is available here. More details about three of the projects are available here.

The German government noted that the winning projects are expected to trigger a total of EUR 33 billion in investments, including more than EUR 20 billion from private investors.

(EUR 1.0 = USD 1.220)

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