Germany’s hydrogen future is taking shape: Economics Minister Habeck speaks of a groundbreaking law and an investment in future viability.
The Bundestag has passed a law to build a billion-dollar hydrogen core network in Germany. Specifically, it involves changes to the Energy Industry Act and a legal framework, especially for the financing of the core network. The law still has to pass the Federal Council.
Economics Minister Robert Habeck spoke of a groundbreaking law and an investment in Germany’s future viability. The hydrogen core network should be financed privately – with state security. The law provides certain mechanisms for this.
Hydrogen should play a key role in the climate-friendly restructuring of the economy. The core network is intended to include the most important lines of the future hydrogen transport and import infrastructure. A total of 9,700 kilometers of lines are planned.
To a large extent it is a reallocation of the current gas network, said FDP energy politician Michael Kruse. For example, large industrial centers, storage facilities and power plants are to be connected via the core network. Investment costs of around 20 billion euros are expected.
Source: Stern
