Local Business Advisory Council Meeting on Green Hydrogen

On 19 May, the Local Business Advisory Council met to discuss the topic of green hydrogen. Ms. Peggy Schulz, Deputy Head of the German Ministry for Economic Affairs and Energy (BMWi) presented the German funding guidelines for international green hydrogen projects. The national hydrogen strategy of Germany published in June 2020 is part of the green recovery package in reaction to COVID-19. Government of Germany has committed more than 9 billion Euros to support the establishment of a hydrogen economy. One billion Euro is foreseen for green hydrogen project developments outside Europe. In this meeting Ms. Schulz elaborated how a German company can benefit from this substantial financial support for their hydrogen projects developed in India. One of the goal of the national hydrogen strategy is to establish 5 Gigawatt (GW) of electrolyser capacity until 2030 and 10 GW of electrolyser capacity until 2040 in Germany. This is because it is a global effort to bring down the cost of hydrogen and Germany will remain a net importer of energy in a climate neutral world. Mr. Stefan Halusa, managing director of the Indo-German Chamber of Commerce (IGCC) of foreign trade in India welcomed the participants, among them German energy businesses and associations, representatives from the BMWi, the AHK in India, the Germany Trade and Invest (GTAI), the Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Indo-German Energy Forum Support Office (IGEF-SO).