Government-funded study says Germany should not go too far afield in search for hydrogen trading partners. Spain and Norway come into question instead of China and the USA.
Green hydrogen depends on low electricity costs at the place of production, but also on manageable transport distances and access to cheap financing. Experts assume that the growing global market for hydrogen could change the industrial structure in Germany. The study was funded by the Federal Ministry of Research. Overall, Germany should “already approach potential export countries that will gain significant market power in the medium term,” says study author Martin Wietschel.