EnBW to invest 1 bln euros as Germany's hydrogen grid takes shape
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2024
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Source: reuters
Investment in Hydrogen Infrastructure: EnBW plans to invest 1 billion euros in Germany's national hydrogen transport network, which aims to facilitate the import and production of clean hydrogen by 2032, reducing reliance on fossil fuels.
Regulatory Approval and Construction Timeline: The German energy regulator has begun a national approval process for the hydrogen infrastructure, with construction expected to start in 2025, encompassing nearly 10,000 km of pipelines capable of delivering significant hydrogen volumes to consumers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
