Germany must advance hydrogen CfD plans – advisory body
Long-term support seen as essential for investment planning as industry transitions to low carbon
German advisory body the National Hydrogen Council has called on the government to accelerate a pilot scheme for carbon contracts-for-difference (CCfDs) for industries switching to use green hydrogen and to broaden the scope of the scheme. The council, set up by the government to assess the implementation of the National Hydrogen Strategy, includes senior figures from German firms Siemens, Uniper, Linde and ThyssenKrupp. “CCfDs are a key tool for balancing out higher operating costs” National Hydrogen Council CCfDs, which are included in Germany’s National Hydrogen Strategy, bridge the difference between carbon prices and the cost of deploying clean hydrogen in industrial processes.
Also in this section
11 December 2024
With a new president and new Congress imminent, attention must turn to the next stage of hydrogen development
11 December 2024
Road transport seen as most promising consumer of rapidly expanding electrolytic hydrogen production
9 December 2024
Editor-in-chief recognised by Cititec as among the 50 voices in commodities worth following
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now