German industry, policymakers urge patience on hydrogen conversion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
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Source: reuters
- Investor caution about hydrogen: Caution about hydrogen as a future energy source does not deter resolve to phase out fossil fuels.
- Regulatory support for hydrogen: German industry executives and policymakers advocate for regulatory support to transition to renewably derived hydrogen energy by the early next decade.
- Germany's electrolysis capacity goal: Germany aims for 10 gigawatts of national electrolysis capacity by 2030 to decarbonize the EU's lead industry.
- Concerns about project delays: Critics highlight concerns over final investment decisions on hydrogen projects and reliance on future bulk imports.
- Importance of successful hydrogen adoption: Failure to manage the transition to hydrogen in Germany could weaken the EU's competitiveness against the United States and China.
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.
