LEAG and HH2E have signed an agreement to collaborate on developing a green hydrogen economy in Germany.
According to Dr Philipp Nellessen, LEAG’s Board Member for Production, this collaboration is a “step forward in our hydrogen strategy and will enable us to drive the structural change in our coalfields and secure future-proof jobs for our employees.”
Access to green energy is now a key factor in companies’ and businesses’ location decisions. The production of green hydrogen can act as an economic catalyst in any region, drawing in numerous industries and businesses
stated Andreas Schierenbeck, co-founder and board member of HH2E AG.
Hydrogen is currently making waves in Germany. Namely, at the beginning of the year, Yara International announced its plans to modify its ammonia terminals in Germany which will enable the handling of up to 3 million tons of ammonia. This equates to roughly 530,000 tons of hydrogen and will help speed up the hydrogen economy in Germany.
Before that, Germany decided to provide another 550 million euros for the establishment of new hydrogen funds at KfW. More specifically, two special hydrogen funds are to be created in order to provide tailored support.
The PtX Development Fund will foster hydrogen investment in developing and emerging economies, while the PtX Growth Fund will contribute to accelerating the global market and infrastructure development for green hydrogen across all countries.
