Germany approves €900M for green hydrogen project H2Global
Green Car Congress
DECEMBER 25, 2021
Germany’s Federal Ministry of Economic Affairs and Climate Protection (BMWi) has approved €900 million for the innovative funding instrument H2Global. The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. This means that hydrogen or hydrogen derivatives are bought cheaply on the world market and sold at the highest bid in the EU. Green hydrogen plays a central role in the transformation of our economy.