The fund will also position the North East of Scotland as a Hydrogen model region, contributing early funding to projects including: ACORN CCS & ACORN Hydrogen; Aberdeen Vision; and the Aberdeen Hydrogen Hub.
IHS Markit anticipates that, in regions aiming for net-zero carbon, hydrogen could provide as much energy as natural gas today, 20% to 25%. In other regions with lower targets, hydrogen could still account for 10% of the final energy balance.
nvironment minister Svenja Schulze said hydrogen is the "energy of the future" that will give a "double boost" to the climate and jobs. "Above all, we will sell the technology – we're really good at that in Germany," Schulze told public broadcaster ARD.
On June 3, the cabinet approved a Eur7 billion ($7.8 billion) package to reach 5 GW of electrolysis capacity by 2030.
"People are saying that trucks should come first, then passenger cars, not because technology is more developed for that segment, but because trucks have no other solution. But in order to develop fuel cell systems for trucks, it has to be done first with passenger vehicles because you can mass produce. Truck volumes can’t come close to volumes of passenger…
Countries that have released a national hydrogen strategy include the Netherlands, Norway, Portugal, Japan, South Korea, Australia and New Zealand.