Contact

Political leaders just love hydrogen

By

February 12, 2021

Image titel:

Sources:

Political leaders just love hydrogen

On AFID, EEG, IPCEI, RED II and the Green Deal

German economy minister Peter Altmaier defines the launch of IPCEI Hydrogen as a “huge success.”
Altmaier, © BMWi/Andreas Mertens

Leaders are in the hot seat. The German government is expected to fix it all – the Covid-19 crisis, the climate crisis, the energy crisis, and the auto industry crisis. Summit after summit after summit. We’re hearing an awful lot from the chancellor, ministers, business leaders and lobbyists these days. And comparably little from parliament, where the laws are actually passed. But which political topics or summits are truly relevant to hydrogen and fuel cell technology?

Advertisements

It’s still not clear just where the auto industry is heading. Obviously, for most politicians and industry representatives, batteries take a front seat since small all-electric cars could be the solution to clean, urban transportation. As yet undecided is who will be responsible for expanding EV station availability to avoid long lines at the charging columns.

Early last December, the Charging Column Summit decided matters as German transportation minister Andreas Scheuer announced: “In the coming years, the German transportation ministry will invest over EUR 4 billion in charging infrastructure – along the highways, at work, while shopping and in private garages. In short, charging options for everyone, everywhere, at all times.”

And what about hydrogen-powered cars? The latest update tells us primarily Japanese and South Korean FCEVs will be fueling up at local hydrogen stations in the coming years. European carmakers have hung their hats on batteries, at least for passenger cars. But when it comes to commercial vehicles, various European manufacturers are by no means going to surrender the sector to Hyundai without a fight. By the end of the decade, new and converted diesel trucks will be fueling up at stations H2 Mobility will erect in the coming months and years.

Cars, trucks, buses, vans and chargers

So what happens to vehicles already on the road? The German government announced a scrappage bonus for commercial vehicles to finally eradicate old polluters, replacing them with new, low-emission models. In mid-November, the economy, environment, labor and finance ministries collectively agreed on a EUR 3 billion stimulus package for the auto industry in addition to Covid-19 support.

At the summit press conference, economy minister Peter Altmaier said a mouthful when he announced: “We grant the auto industry more than EUR 5 billion to surmount the economic crisis.” Only when questioned more closely did he concede that EUR 2 billion of the Covid-19 stimulus package had already been distributed. That leaves us with EUR 3 billion in funding to play with:

  • EUR 1 billion will extend the economic incentive for electric car purchases until 2025 – due to expire in 2021. Gradually reducing the bonus as of 2022 is not scheduled.
  • EUR 1.16 billion funding until 2023 for commercial vehicles running on alternative fuels (50 percent in scrappage bonuses, 50 percent for publicly owned trucks).
  • EUR 1 billion in endowments for advanced learning and retraining programs.

Not enough, according to automakers and lobbyists. During the commercial vehicle summit a week earlier, Markus Olligschläger, German Association of Trade, Transportation and Logistics – BWVL chief executive, had already explained to EuroTransport that “without a clear destination, money alone will not convince the masses to buy into alternative drivetrain technology.”

… Read more in the latest H2-International e-Journal, Feb. 2021

Kategorien: Germany

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

May 16 2024

New CFO for H-Tec Systems

Electrolyzer manufacturer H-Tec Systems underwent restructuring at the turn of the year and...
May 16 2024

One-man show continues to grow

Hydrogeit Verlag celebrates its 20th anniversary The Hydrogeit Verlag publishing house has been...
May 15 2024

Hydrogen for the post-coal era

Nuclear energy also to power electrolysis in Hungary In May 2021, Hungary published its national...
May 15 2024

Hüwener to lead OGE

Thomas Hüwener will become the new management spokesman for transmission system operator OGE from...
May 15 2024

Accelerating expansion and reducing hurdles

German government adopts power plant strategy It took a long time, but now it's here – the power...
May 15 2024

Brussels approves IPCEI projects

3rd funding wave for H2 infrastructure measures The decision has finally come. In mid-February...
May 15 2024

Apex becomes H2APEX

Apex, headquartered in Rostock, Germany, is continuing to make big strides forward in the hydrogen...
May 06 2024

Lübesse Energie wants to become a pioneer

Project realization despite Exytron bankruptcy Originally at the end of 2023, an “emissions-free...
May 02 2024

Bischof-Niemz appointed to Enertrag board

Project developer Enertrag has appointed Tobias Bischof-Niemz to the board. From the beginning of...
Apr 30 2024

“Cool, what you’re doing in Germany”

“Today is a good day for industry location Germany, climate protection and sustainable jobs in our...
Apr 30 2024

DWV shortens its name

As of January 2024, the DWV has a slightly shorter name. Instead of being called the German...
Apr 30 2024

Changes at CEP

New board, new members and a new structure – that’s the news in the latest press release from the...
Apr 18 2024

Plug Power – Price jumps with many questions

The Plug share price fell quickly to under 3 USD (2.50 USD at low) and then rose again to over...
Apr 17 2024

Siemens Energy – Light at the end of the tunnel

Siemens Energy is on the right track, as the latest figures show. Although the wind subsidiary...
Apr 17 2024

Nikola Motors – Outlook speaks for the company

The press conference in February 2024 on the fourth quarter results and the entire year 2023 and,...
Apr 17 2024

Hyzon Motors – Strong patent position

Hyzon Motors will start production of 200‑kW modules for commercial vehicles in the USA in the...
Apr 17 2024

FuelCell Energy – Carbon capture as a growth story?

FuelCell Energy has with SOFC fuel cell power plants built its own capacities for clean energy...
Apr 16 2024

Hydrogen economy gaining speed

Trade fair guide for Hannover Messe 2024 AI and hydrogen are the focus of this year's Hannover...
Apr 16 2024

Politicians with an open ear for hydrogen

Optimism at the H2 Forum in Berlin A good 450 participants gathered at the specialist conference...
Apr 16 2024

Gas producers are the winners of the H2 ramp-up

The major international gas companies such as Linde, Air Liquide and Air Products have always been...

0 Comments

Leave a Reply