HY-5 on way to becoming Europe's leading hydrogen region
The states of Hamburg, Bremen, Mecklenburg-West Pomerania, Lower Saxony and Schleswig-Holstein have formed a Green Hydrogen Initiative (HY-5) on initiative of IHK Nord to implement the North German hydrogen strategy, a press release said Tuesday (December 1, 2020). The new initiative aims to turn northern Germany into the strongest emerging region for green hydrogen in the heart of Europe and to complete the value chain for environment-friendly hydrogen.
North Germany pioneering wind energy
A recent OECD study has confirmed that Northern Germany is particularly well suited for the development and establishment of a green hydrogen economic sector. The region has unique locational advantages for the production of renewable energies and a great potential demand for environment-friendly hydrogen – especially from industrial companies in the region. The five states bring a maximum of experience and expertise in sustainable technologies and energies as well as a high-performance infrastructure to HY-5. Research into hydrogen technologies has been conducted in the region for over 30 years, and initiatives at state level have long established key networks that drive the issue on an economic, scientific and political level.
Path to green hydrogen economic sector
Green hydrogen is an environment-friendly energy carrier that could replace oil and gas in future. It is also an important raw material for the chemical industry. The long-term benefits include the decarbonisation of the economy, greater competitiveness, structural change and climate protection. Thus, the initiative will encourage other companies, think tanks, research institutions and start-ups to establish themselves in northern Germany to develop solutions for green hydrogen with local stakeholders. The overall goal is to create a green hydrogen economic sector in northern Germany by 2035. The North German Hydrogen Strategy plans to install at least 500 megawatts of electrolysis capacity for the production of green hydrogen as early as 2025. By 2030, the capacity is to be increased to at least five gigawatts and thus by a factor of ten. Dr. Bernd Buchholz, Minister for Economics, Transport, Labour, Technology and Tourism in Schleswig-Holstein, commented: "HY-5 bundles our forces and we are demonstrating the enormous potential of hydrogen technology in our region."
Find out more about the around 50 hydrogen projects in north Germany.
Source: press release, December 1st, 2020, Hamburg News