Against the German Angst

By Sven Geitmann

January 15, 2024

Image titel: A desolate situation for the energy industry

Sources: Correct Conception KI

Against the German Angst

The current situation of the German government appears to be a state of desolation: The constitutional court did not play along as hoped – albeit by the narrowest of margins – and has awarded the Ampel Coalition a 60-billion-euro gap in the budget.

Out of this, a desolate situation for the energy industry could also rise, since many projects that were to be financed via the planned fund for climate action and clean energy Klima- und Transformationsfonds (KTF) have come into question, justifiably or not. The uncertainty is great.


The situation beforehand was already tense. Decisions from Brussels, for example, have had a long wait time. This was the case with the EU energy directive RED II, RED III and also the IPCEI projects – even though RED III was published on October 31, 2023. If things go well, at the end of the year still, the 37th ordinance on the implementation of the German emissions reduction act (37th BImSchV) could be updated – after twelve years.

This waiting has not exactly encouraged many investors to make their money available for projects for the future. The FID (final investment decision) especially for numerous electrolysis projects is still pending, because the framework conditions are not seen as sufficiently secure.


Not without reason, numerous companies took part in the tender for the Important Projects of Common European Interest. In doing so, they are relying on EU member state funds to reduce their own financial risk.

The price they have to pay for these “gifted” state funds is that they have to abide by the giver’s rules. It also means that they have to put up with it when a decision takes longer in Brussels.

The loud lamentation therefore has a bit of hypocrisy to it, since after all nobody forced them to apply for an IPCEI. They could all have started much earlier on such projects, even at their own risk. But now some of them are sitting there complaining that their originally planned IPCEI project is no longer viable in the form applied for, although it was they themselves who had decided to take this path.

Again and again in this context have there been warnings that companies based in Germany could move abroad to where the framework conditions are supposedly better. Perhaps there are individual companies that will actually take this step. Exactly what their motives are, we will probably never know, but it should be clear that such a decision does not depend solely on the processing time in Brussels but is multifactorial.

And yes, one or two projects will probably never be realized – for whatever reason. Westküste100 is such a project. As a real-world lab it has done valuable work, but “H2 Westküste GmbH will not make a positive investment decision for the planned electrolyzer” can be read on their homepage. And “The reason for it is especially the increased investment costs.”

That may hurt one or the other player, since such a scenario may also threaten other projects. But isn’t it better to stop a recognizably uneconomical project at the right time than to desperately hold on to it and to go through with it against your better judgment? Isn’t it better to acknowledge the altered framework conditions by the now two wars and current energy emergency, and to recalculate?

Because Westküste100 won’t continue does not mean that the energy transition has been canceled, that we are not switching to renewable energies and hydrogen after all. Just because a few companies will produce elsewhere in the future does not mean that value creation will no longer take place in Germany.

The political commitment is there: German economy minister Robert Habeck as well as numerous minister-presidents of the federal states recently emphasized the enormous importance of H2 projects in particular. In addition, a startup scene has now established itself in Germany, which is pushing its way onto the market with new, innovative ideas. Here, investors are called to recognize their potential and make advance investments now at their own risk – without subsidies.

I don’t want to refer to the American e-car manufacturer again, but there exist – even in Europe – players who with a little instinct or a lot of money can make new technologies marketable at the right time.

The energy transition is a gigantic challenge – for everyone. Who, if not Germany, would be better placed to exemplarily show the way and offer suitable products? Instead of seeing the enormous potential that lies in this global upheaval, however, many in this country remain stuck in “German Angst.” It’s bad enough that this term (according to Wikipedia, “typical German hesitancy”) is now commonplace around the world.

The motto should therefore be: “Recognize and leverage potentials to shape a sustainable future together.”

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.

Apr 11 2024

Bloom Energy convincing in the long haul

Bloom Energy is planning a cooperation with Shell to use its SOEC technology for the large-scale...
Apr 11 2024

Ballard – Prospects better than current market valuation

The share price of Ballard Power is at an all-time low. The published figures for the fourth...
Mar 18 2024

Search for the ideal hydrogen storage

Interview with Thomas Korn, CEO of water stuff & sun Startup company water stuff & sun has...
Mar 15 2024

Is exponential growth slowing down?

Fuel Cell Industry Review 2022 Year 2022 saw fuel cell shipments creep up over 2021 numbers,...
Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...
Feb 28 2024

H2Direkt: Blueprint for heating with pure H2

The energy providers Thüga und Energie Südbayern (ESB) as well as Energienetze Bayern have...
Feb 26 2024

Just switch over?

Hydrogen in the existing natural gas network Whether hydrogen contributes to the clean heating...
Feb 26 2024

Pilot plant for coating bipolar plates

At Fraunhofer FEP (Fraunhofer-Institut für Organische Elektronik, Elektronenstrahl- und...
Feb 20 2024

55 MW electrolyzer to decarbonize Saarland

Hydrogen Regions series: HydroHub Fenne living lab The power plant site in Fenne, Völklingen, a...
Feb 20 2024

Chicken feathers as FC membrane material

Feathers from chickens or other poultry could in the future help make fuel cells more effective...
Feb 15 2024

SMEs demand more security

Guest article by André Steinau, CEO of GP Joule Hydrogen After all, the Ampel Coalition leading...
Feb 15 2024

Accelerated expansion of renewable energies

RED III is here – Elsewhere, the wait continues Progress is being made at EU level – albeit...
Feb 12 2024

Picea 2 relies on lithium instead of lead

HPS presents new product generation The company HPS Home Power Solutions has unveiled a new...
Feb 12 2024

H2 production by photocatalysis

The direct generation of hydrogen from sunlight has long been considered the most elegant solution...
Feb 05 2024

Regional instead of international

Hy-Fcell has it difficult asserting itself The aspiration of Landesmesse Stuttgart with Hy-Fcell...
Feb 01 2024

Hydrogeit Verlag turns 20 years old

Hydrogeit Verlag is proudly celebrating its 20th anniversary as a renowned specialist publisher in...
Jan 26 2024

Stracke other H2Now managing director

BMV Energy GmbH is entering the market as another player in hydrogen refueling stations. The...


Submit a Comment

Your email address will not be published. Required fields are marked *