Germany is investing 700 million euros in hydrogen projects

Federal Research Minister Anja Karliczek (CDU) is stepping up the pace on the subject of hydrogen: She is providing a total of 700 million euros for three large research projects with numerous industrial companies. These should enable the series production of systems for the production of hydrogen, so-called electrolysers, in Germany . It is also a matter of researching the cheapest options for global transport and advancing the technology to generate hydrogen on-site with the help of wind power on the high seas. The project plans, which will be presented on Wednesday, are available to the Handelsblatt. The research is intended to support the federal government's hydrogen strategy, which aims to achieve the climate goals and at the same time conquer a billion-dollar market. A study for the EU considers more than 5.4 million jobs and more than 800 billion euros in sales in a European hydrogen industry to be possible by 2050. The EU has set itself the goal of becoming the technology leader in hydrogen . In the summer of 2020, the federal government announced an additional seven billion euros in funding for its market establishment.