Germany’s H2Global and European Hydrogen Bank to link to support hydrogen imports

Germany has agreed to link its H2Global Foundation to the European Hydrogen Bank, opening the funding model to all EU member states to support international hydrogen imports.

On Wednesday (May 31) European Commissioner for Energy, Kadri Simon, and Germany’s Federal Minister for Economic Affairs, Robert Habeck, agreed to link the initiatives to support EU hydrogen projects.

Under the plans, the European Hydrogen Bank and H2Global will jointly develop a European auction targeting international hydrogen imports, to support the European Commission’s non-binding target of importing 10 million tonnes of renewable hydrogen by 2030 under its REPowerEU plan.

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