Germany plans 5 GW hydrogen capacity by 2030, earmarks Euro 9 billion for expansion

The German government has decided to reboot Europe’s largest economy with a Euro 130 billion stimulus package, which includes steps to further the country’s landmark energy transition. A key aspect of the package is the finalisation of the national hydrogen strategy. Of the total amount, Euro 9 billion ($10 billion) has been earmarked for the expansion of hydrogen capacity at home and abroad in a bid to meet emission targets. Under the plan, Germany aims to add up to 5 GW of hydrogen capacity by 2030. Another 5 GW is planned by 2035 and 5 GW by 2040. The stimulus includes Euro 7 billion for domestic expansion and Euro 2 billion for forging partnerships with countries where hydrogen can be efficiently produced.

GET ACCESS TO OUR ARTICLES

Enter your email address