FRANKFURT/DUESSELDORF, Germany (Reuters) - Germany’s corona recovery stimulus package has earmarked 9 billion euros ($10 billion) for the expansion of hydrogen capacity at home and abroad in a bid to meet emission targets.
Under the plans, unveiled late on Wednesday as part of a larger 130 billion euro boost to the economy, Germany eyes hydrogen capacity of up to 5 gigawatts (GW) by 2030, with a further 5 GW to be installed by 2040 at the latest.
That will cost about 7 billion euros, while a further 2 billion euros is to be spent on forging partnerships with countries where hydrogen can be efficiently produced.
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