- Berlin is reliant on Russian gas to the tune of 40%.
- The Hydrogen Council estimates Germany’s yearly need for green hydrogen to be 1.7 billion m3 per year.
- Hyphen aims to achieve a capacity of 300,000 tonnes of green hydrogen per year by 2030.
German Vice-Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck has signed a joint declaration of intent with Namibian Minister of Mining and Energy Tom Alweendo to produce green hydrogen.
The situation in Ukraine is straining Germany’s energy sector. Berlin is reliant on Russian gas to the tune of 40%. Green hydrogen and its derivatives, according to experts, can be used to replace this fossil fuel. This supports Germany’s diplomatic push to build the global green hydrogen market, which is still in its infancy.
The Hydrogen Council estimates Germany’s yearly need for green hydrogen to be 1.7 billion m3 per year. And given the current geopolitical situation, this demand is anticipated to rise in the coming years. On the other hand, Germany has not waited for the conflict in Ukraine to begin participating in the global green hydrogen market, including the beginning of cooperation with Namibia in this field.
This money will go toward the research and development of the green hydrogen sector. At the same time, private German investors have declared investments in Namibia’s fast-growing economy. This is the case with Enertrag, an industrial conglomerate that teamed up with investor Nicholas Holdings to form Hyphen Hydrogen Energy. The joint venture will invest 9.4 billion USD in developing a green hydrogen project in Namibia. Hyphen aims to achieve a capacity of 300,000 tonnes of green hydrogen per year by 2030 by converting 5,000 MW of solar and wind power. The Namibian government supports the project.