Germany Adopts Hydrogen Import Strategy to Secure Energy Security and Meet Net Zero Target
Germany has adopted a strategy for importing hydrogen to ensure energy security as it transitions to fossil fuel alternatives for large parts of its industry.
As reported by the Reuters news on Wednesday, July 24, 2024, the government’s plan clearly outlines how and where hydrogen will come from, as well as where the transport and value chains will be established in ports and pipeline systems.
The plan also outlines how trade will be organised and certified, signalling an opportunity for potential buyers. According to officials’ estimates, Germany will need 95 to 120 terawatt hours (TWh) of hydrogen annually by 2030 and expected 360 to 500 TWh by 2045 to achieve Net Zero emissions goals.
With Germany’s local hydrogen production unable to supply the ever-growing demands, imported hydrogen will cover 50-70% of the needs.
"The import strategy is a major building block of Germany's hydrogen policy and complements the involvement of the government in the domestic market ramp-up," a statement from the Economy Ministry said, according to the Reuters news report.
Germany’s new strategy aims to attract international suppliers and secure a sustainable energy future, with Britain, Norway, and Denmark seen as early partners for providing green or blue hydrogen.
The energy industry group BDEW urged the government to prioritize targets that accelerate hydrogen supply and reduce costs.
In addition to the new strategic plan, a separate nationwide plan for a hydrogen transport network was submitted on Tuesday for regulatory approval.