By the time of the next presidential election in 2022, France hopes to have regained the economic growth it last experienced in 2019. In order to stimulate the economy following the COVID-19 lockdown, the French government is rolling out a EUR 100 billion recovery program named France Relance. EUR 2 billion of the funds will be released over the next couple of years to support hydrogen projects. In total, the French government plans to channel EUR 7 billion of investment into this energy carrier in the runup to 2030. Meanwhile over the border, Germany has earmarked funds of EUR 9 billion to bolster its hydrogen sector. These financial stimulus packages and, moreover, the ambitions of these two countries to adopt a leadership stance in the future hydrogen economy, are also resulting in increasing efforts of French and German companies to work together.
Hydrogen-exporting countries vie for top spot
A key objective in Germany’s hydrogen strategy is to create international partnerships with green hydrogen exporters. To this end, Gerd Müller, the German minister for international development, recently signed a cooperation agreement with one of the Maghreb countries, announcing: “Together with Morocco, we are developing the first industrial system to generate green hydrogen in Africa.