- Hamburg city will provide EUR 23 million towards co-financing the development of eight green hydrogen projects with an IPCEI status.
- As much as 70% of the state funding for these projects will come from the federal budget, and the federal states will provide 30%.
- The financing got approved last week by Hamburg’s Senate.
Hamburg city will provide EUR 23 million towards co-financing the development of eight green hydrogen projects with an IPCEI status. The projects aim to advance the decarbonisation of the state’s industry, energy and transport sectors.
The projects selected will aid Hamburg in building a green hydrogen economy to support the transition of industrial companies in the region, changes in goods handling and transport for the maritime sector, the transformation of the road, rail, water and air transport and the upgrade of the existing energy infrastructure towards a climate-neutral economy.
The government of Germany has selected 62 major green hydrogen projects scattered across the country to receive federal and state funding. Eight of all IPCEI-designated initiatives are in Hamburg. As much as 70% of the state funding for these projects will come from the federal budget, and the federal states will provide 30%.
The eight IPCEI projects to be supported by Hamburg include — Hamburg Green Hydrogen Hub (HGHH) by Shell, Mitsubishi and Hamburger Energiewerke; HH-WIN by Gaznetz Hamburg; H2 for Hamburg by ArcelorMittal; WIPLiN — Hydrogen for the Aviation Infrastructure and Production in Northern Germany by Airbus; Hydrogen Logistics Applications & Distribution (H2LoAD) by logistics company HHLA AG; Hydrogen Port Applications (HyPA) by Hamburg Port Authority; H2HADAG by HADAG Seetouristik und Faehrdienst AG and Hydrogen Schubboot (H2SB) by GreenPlug.
Speaking to the resolution of the Senate to finance the projects, Michael Westhagemann, Senator for Economics and Innovation, stated that the Senate has laid the foundation for a hydrogen economy in Hamburg and ensured the region’s competitiveness.
The completion of the projects is expected to reduce carbon dioxide emissions in the Hamburg area by about 600,000 tonnes from 2028.