RWE believes that green hydrogen will be an important factor in the success of the energy transition, as well as being crucial to the further expansion of renewables. In many sectors, hydrogen is needed as an alternative to the direct use of electricity. Hydrogen will replace fossil fuels in many industrial processes and will be used in transportation in cases where batteries are unsuitable. This is why we are proactively developing a hydrogen economy, both in Germany and beyond.
Substantial investments needed
There is still much to be done before hydrogen can become a green energy source. In addition to the expansion of renewables and an extensive hydrogen infrastructure, this includes the construction of electrolysers on an industrial scale. We have to develop hydrogen generation and demand simultaneously to allow the market to grow.
RWE is currently the only German company involved in all stages of the green hydrogen value chain, ranging from electricity generation from renewables to hydrogen generation and storage, through to distribution to industrial customers. We hope to apply our wealth of expertise so that the EU and Germany can achieve their ambitious vision of a European hydrogen economy. The objective of the European hydrogen strategy is to provide a total of 40 gigawatts of electrolyser capacity to produce green hydrogen by 2030. As one of the largest generators of electricity from renewables, we are already pushing ahead with numerous hydrogen projects.