The H2Global program was developed in recent months as part of the government’s national hydrogen strategy. The idea is that as an instrument of the market economy, an intermediary will buy green hydrogen and derivatives at the lowest price possible at auction and sell these on in Germany and in Europe to the highest bidders. The intermediary will then receive a subsidy from the BMWi to cover the anticipated negative difference in price as production costs for green hydrogen and power-to-X products are currently significantly higher than for fossil-based products.
The H2Global Foundation welcomes the clear commitment of the new Federal government to green hydrogen. “Our goal is to establish a green hydrogen industry which will give us the assurance of a climate-neutral future, while at the same time safeguarding supplies to industry and business,” said Dr. Axel Wietfeld, Chairman of the H2Global Foundation and CEO of Uniper Hydrogen GmbH, when the funding allocation was announced.
The Foundation aims to advance the development of a global market for the hydrogen industry. As demand for energy rises, green hydrogen too will be increasingly in demand. According to the BMWi, up to the year 2030 power consumption in Germany alone will trend upwards from 545 terawatt-hours (status of per 2020) to 655 terawatt-hours. “Consequently, it is all the more important for us to be able to make green hydrogen and derivatives available now without delay – for as long as these are not being provided in Germany and in Europe in adequate quantities and on competitive terms.”
The following companies are participating in the foundation: Siemens Energy Global GmbH, Thyssenkrupp AG, VNG Handel&Vertrieb GmbH, Deutsche Bank AG, Salzgitter AG, Uniper SE, Hamburger Hafen und Logistik AG, Neuman & Esser Verw. U. Beteil. mbH, F. Laeisz GmbH, Viridi RE GmbH, Enertrag AG, Nordex SE, Green Enesys GmbH, MAN Energy Solutions SE, Hydrogenious LOHC Technologies GmbH, Linde GmbH, AirProducts GmbH, Air Liquide S.A., Atmosfair gGmbH, FEV Europe GmbH, RAG Austria AG, Engie Deutschland GmbH, RWE AG.
Over the next few months, the Foundation intends to recruit further European members in order to make a joint contribution to achieving the European climate goals and to advance the energy transition.