FEV Joins H2Global Foundation or Hydrogen
Leading international independent service provider in vehicle and powertrain development FEV has joined the H2Global Foundation to achieve the goals adopted in Germany’s National Hydrogen Strategy, to aid the production and import of green hydrogen and power-to-x products. The foundation serves to implement the funding concept of the German Federal Ministry for Economic Affairs and Energy, while FEV brings over 20 years of experience in the field of hydrogen technologies.
In order to achieve climate neutrality for the European economy, Germany and Europe will be dependent on energy imports in the future. ‘Green’ hydrogen, meaning hydrogen produced from renewable energies, can be used as a storage medium of these energies, as well as a basis for synthetic fuels, or directly in fuel cells and combustion engines. Therefore, it is important to accelerate the corresponding market ramp-up and establish a German, or even European, hydrogen economy. Hence, FEV has joined the H2Global Foundation, which is entrusted with implementing the funding concept of the same name. The goal is not only to promote the market rollout of green hydrogen and hydrogen-based power-to-x products in Germany, but also to develop a local hydrogen economy in exporting countries.
The market-oriented support program was initially designed by the German Society for International Cooperation and is now being further developed by a commission of experts, under the project sponsorship of the German Hydrogen and Fuel Cell Association. The foundation is drafting the necessary regulations and specifications, monitoring compliance, and validating conditions for funding set forth by the German Federal Ministry for Economic Affairs and Energy, in addition to other ministries.