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<\/a><\/p>\nMagdeburg (dpa\/sa) \u2013 To support the ramp-up of green hydrogen, new projects will receive funding totaling around 87 million euros. Companies in the structurally changing region affected by the coal phase-out can submit funding applications until August, the Ministry of Energy in Magdeburg announced. The focus will be on investments in the production, storage, distribution, and use of climate-friendly hydrogen. The goal is to use EU funds to make the Central German mining region future-proof as an industrial location.\u00a0<\/p>\n
Projects have stalled<\/p>\n
Environment and Energy<\/strong> Minister Armin Willingmann (SPD), said:<\/p>\n The development of the green hydrogen economy is currently stalling throughout Germany, including in Saxony-Anhalt,<\/p>\n<\/blockquote>\n \u201cPrimarily due to a lack of economic viability, companies are putting projects on hold or canceling them altogether.\u201d<\/p>\n At the beginning of the year, it became known that several hydrogen projects in Saxony-Anhalt had stalled. Among other things, the energy company Mibrag had postponed the construction of a large electrolyzer at its Profen site.\u00a0<\/p>\n During electrolysis, water is split into its components, hydrogen and oxygen. The process is highly energy-intensive. Hydrogen is referred to as green when the electricity used for electrolysis comes from wind or solar power. When natural gas is used, it is referred to as gray hydrogen.<\/p>\n READ<\/strong> the latest news shaping the hydrogen market at Hydrogen Central<\/a><\/p>\n\n