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Home » Finance » Germany Allocates EUR 2.8 Billion for Decarbonisation Projects, Including Green Hydrogen Initiatives
Finance

Germany Allocates EUR 2.8 Billion for Decarbonisation Projects, Including Green Hydrogen Initiatives

By Christopher EvansOctober 18, 20241 Min Read
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Germany's economic ministry announced on Tuesday that it has granted a total of EUR 2.8 billion (USD 3.05 billion) in subsidies to 15 companies in energy-intensive industries to support their decarbonisation efforts, which include five green hydrogen projects. The ministry stated, "Five of the funded companies plan to decarbonise their production processes using hydrogen, a

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