H2 projects in Norway, the Netherlands, Portugal and France
In June 2020, the German government adopted a national hydrogen strategy, spelling out clear ambitions, concrete targets and a solid plan of action for the next 20 years, including an increase in production capacity to 5 gigawatts by 2030 and 10 gigawatts by 2040. Overall, the country will invest EUR 9 billion in new business and R&D ventures. By 2050, hydrogen produced in Germany could cost less than EUR 1 per kilogram.
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?
Hydrogen will have a crucial role to play in transforming the energy market. The first element of the periodic table has great potential to decarbonize much of the steel, cement and chemical industries as well as aviation, heavy-duty road haulage and maritime transportation. As a result, politicians across the EU are mapping out plans to support electrolyzer capacity increases and hydrogen production methods.
FuelCell Energy recently announced that, since launching business, it had produced over 10 million megawatts of clean electricity, saving over 1.5 million tons of carbon dioxide. Its basis for success is the SureSource platform. The company is now gradually fulfilling orders worth more than USD 1.3 billion. New bookings season the pot, as they are expected to lead to high margins.
Although the European Commission funded many hydrogen and fuel cell projects in the last several years, the industry sector was rarely mentioned in Brussels. That changed in 2019, when high-ranking German politicians started taking a second look at the technology.