The German government is co-funding a hydrogen storage project in the Saale region, with economy minister Robert Habeck having handed over the funding notice of 61 million euros on 27 August, reported public broadcaster MDR. The money will go to gas trader VNG who are expected to convert an existing natural gas cavern into a hydrogen storage facility. Habeck said he expects Germany could produce a third to half of its hydrogen needs domestically. “That’s a lot,” the minister said, arguing this could cut fossil energy imports from 70 to 30 percent. “This isn’t just about protecting the climate and it’s not just about securing an energy supply that avoids carbon dioxide, it’s also about creating value in the region,” said Habeck.
Saturday, 22 February, 2025
