Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
dpa

HOME > dpa

Saxony's hydrogen industry hopes for millions in funding

March 12, 2021


Abstract : ​Companies based in the eastern German state of Saxony want to play a leading role in the development of a European hydrogen economy and have submitted funding applications for two projects to the German government.

Companies based in the eastern German state of Saxony want to play a leading role in the development of a European hydrogen economy and have submitted funding applications for two projects to the German government. Seven companies and other partners are involved, Karl Lötsch, managing director of the "HZwo" innovation cluster, told dpa in Chemnitz. In doing so, they hope to receive funding from the federal and state governments in the three-digit million range. The aim of the program is to build a market for "green hydrogen."

So-called green hydrogen is produced exclusively with renewable energy. It can be used as a basis for fuels to replace the use of coal, oil, and natural gas in industry and transportation. The German government therefore wants to drive forward the expansion of renewable energies from wind and sun in Germany. Germany and Europe want to secure a pioneering position in this key issue for the future.

According to Lötsch, four companies employing more than 2,000 people belong to the "H2-SARA" network: Sunfire from Dresden, Voith from Zschopau, WätaS from Olbernhau, and Vitesco Technologies from Limbach-Oberfrohna. The aim is to create production capacities for so-called electrolyzer plants, in which hydrogen is produced from water and electricity, of 6.5 gigawatts per year, as well as production plants for fuel cells with a volume of 7 gigawatts per year.

In this way, the foundations are to be laid for so-called giga-factories to be built for the production of hydrogen. "Without such production capacities, a market ramp-up cannot work," Lötsch emphasized. The market for electrolyzers is estimated to reach a total of 270 gigawatts worldwide by 2030, he said.

In the second project, "LHyVe," an entire value chain from production through storage and transport to end consumption of "green hydrogen" is to be implemented in the Leipzig region and networked with other European projects. The project involves the construction and operation of a plant to produce 42,000 metric tons of synthetic aviation fuel per year as well as 1,500 metric tons of "green hydrogen."

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: hydrogen industry German state of Saxony

Reading:

Exor N.V. invests 541 million in the footwear Group Christian Louboutin to expand its business in China

​China to promote construction of comprehensive science centers

S.China's Guangxi establishes alliance for 5G industry development

China's auto industry to see steady growth this year: S&P report

SSE, Belgrade Stock Exchange sign MoU on pragmatic cooperation in multiple fields

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial