finance
Denmark and Germany Fund Three Green Hydrogen Projects With 1.3 Billion Euros
Denmark and Germany approved 1.3 billion euros in subsidies for three large-scale green hydrogen projects and a planned cross-border supply corridor. The Danish Hydrogen Backbone will link renewable-powered production in Denmark to industrial users in Germany.
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Denmark and Germany approved 1.3 billion euros in subsidies to support three large-scale green hydrogen projects and a future cross-border supply corridor. The funding targets the gap between hydrogen supply and demand by connecting renewable-powered production facilities in Denmark with industrial consumers in Germany.
It will carry hydrogen produced from renewable electricity in Denmark to steel, chemical, and manufacturing plants in Germany. The three projects receiving the subsidies will scale up electrolyzer capacity and pipeline infrastructure between the two countries.
The new subsidies aim to address those financing gaps by coordinating production, transport, and end-use demand across borders.
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