Recording of Friday, June 21, 2024 | The smarter E Europe | Exhibition Program | Language: English | Duration: 43:54 .
In a keynote speech at the EES Fair's hydrogen session on financing the energy revolution, the speaker emphasized the urgent need for Germany to expedite its efforts in developing a green hydrogen market economy. Despite public perception that progress is being made, actual advancements in Germany are lagging due to excessive discussions rather than decisive actions. The German government must seize this opportunity to build a resilient and efficient energy system that can compete globally. The speaker called for substantial political and financial support from the federal government, stressing that mere promises of limited funding will not suffice. A proposed 100 billion euro Hydrogen Future Fund over seven years aims to secure Germany’s position as a leader in hydrogen technology with an anticipated annual turnover of 2,500 billion euros. Key action areas include accelerating renewable energy expansion, establishing robust infrastructure across Europe, promoting green industrial processes, ensuring competitive conventional production during transitions, and encouraging investments through reliable policies. The High Guide 2030 outlines 85 strategic measures developed by industry experts aiming for climate neutrality by 2045 while securing economic growth and job creation. Six main guidelines were suggested: 1. Government investment and promotion of renewable energies. 2. Sector-wide adoption of hydrogen. 3. Investment in infrastructure and storage systems. 4. Streamlining planning processes. 5. Developing future-oriented engineering industries. 6. European cooperation strategies. Ultimately, immediate action is necessary to transform announcements into concrete frameworks conducive to large-scale production capacities essential for maintaining Germany's industrial leadership amidst global competition challenges.
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Werner Diwald
Chairman of the Board
German Hydrogen Association
Germany
In this panel session, the challenges to finance hydrogen projects are discussed. What are the obstacles and risks for private investors? Do we need more safeguarding for private investors? How can investors make an impact with their investments? How will private investors support the energy transition?
Further Talks of this session:
Speaker
Silke Frank
Managing Director (Moderatorin)
Hydrogen Moves GmbH
Germany
Speaker
Rainer Gehrung
CFO/CSO
Home Power Solutions
Germany
Speaker