Germany Pumps $10 Billion In Hydrogen In Bid To Become Global Leader

Germany will fund 62 large-scale hydrogen projects with as much as US$10 billion in federal and state funds as it aims to become the world’s leader in hydrogen technologies, the German ministries of economy and transport said on Friday. Germany will provide US$9.72 billion (8 billion euro) to the 62 projects it has selected to reduce emissions in the transportation, steelmaking, and chemicals sectors. Germany wants to become a global leader in hydrogen technology, Economy Minister Peter Altmaier said, noting that the investment announced…