Germany's green hydrogen ramp-up reliant on public money, E.ON says
By Reuters
November 29, 2024 2:34 AM EST

FRANKFURT, Nov 29 (Reuters) - The development of a green hydrogen market in Germany still depends to a large extent on public spending, utility E.ON said on Friday.

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WHY DOES IT MATTER?
Germany wants to build up electrolysis capacity to produce its own green hydrogen from wind and solar power to clean up the carbon footprint of industries such as steelmaking and cement and replace fossil fuels.

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BY THE NUMBERS
Domestic electrolysis capacity has risen around 68% from the spring to 111 megawatts (MW), the six-monthly research showed.

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The government expects hydrogen demand of 95-130 terawatt hours (TWh) per year by 2030, of which 50%-70% will be imported.

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