KfW Hydrogen funds
Germany announced two new funds to make EUR 550 million available to support establishing green hydrogen projects in developing and emerging countries. The development fund, under the responsibility of the Ministry of Economic Cooperation and Development (BMZ) and with EUR 250 million, is intended to help developing and emerging countries to build up their own local green hydrogen value chain. The growth fund, under the responsibility of the Ministry for Economic Affairs and Climate Action (BMWK) and with EUR 300 million, will support German or European companies to ramp-up the global hydrogen market. Both funds will be managed by the German development bank KfW, which already launched a platform where companies can apply for support.
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