(Frankfurt am Main, 02.11.2022) Germany has the potential to become a technology leader in the hydrogen economy. This is the conclusion of the experts who, at the invitation of VDE Renewables, discussed the commercialisation of the many new hydrogen technologies at the VDE FINANCIAL DIALOGUE. What needs to be done to advance the development of production and service areas has now been published in the VDE Whitepaper on the hydrogen economy.
In the transition to renewable energies, hydrogen is seen as an important bridging technology. While oil, gas and coal can be easily stored and used as needed, with electricity from the sun and wind, generation only sometimes matches demand. For large amounts of energy, the necessary storage is only feasible with hydrogen. Hydrogen Council has calculated in collaboration with McKinsey & Company that 240 billion dollars will be invested in the hydrogen sector by 2030. According to the study, there are 680 large-scale projects worldwide, but only ten percent of them are already being implemented.