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BMWi establishes ‘H2Global Foundation’ to provide new hydrogen funding platform

BMWi establishes ‘H2Global Foundation’ to provide new hydrogen funding platform

The German Federal Ministry of Economics and Technology (BMWi) has launched a new funding platform for hydrogen projects called the H2Global Foundation.

The new funding platform has been established by 16 well-known founding companies and is an important milestone for the international market in terms of ramping-up green hydrogen.

Through the foundation, green hydrogen or derivatives are purchased abroad with long-term contracts and resold in Germany via annual auctions.

These long-term purchase agreements create planning and investment security for the expanding economy.

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