Linde Group has announced that the company will invest €30m in a Hydrogen Highway for Germany following a recently commissioned report that shows the costs to build a hydrogen infrastructure are significantly lower than previously expected.
Over 150 delegates attended the 2nd International Hydrogen Day in Berlin – hosted by Linde AG at the Axica Conference Hall next to the Brandenburg Gate.
The main announcement was that around €3.5 billion is the realistic investment that is needed to develop a hydrogen infrastructure in Europe by the year 2020. This is significantly lower than previously believed. That was the main conclusion from a feasibility study of hydrogen infrastructure presented in Berlin by the Linde Group as part of the “International Hydrogen Day”.
The author of the study, renowned energy expert David Hart, found that in Germany, the infrastructure needed to supply 1.9 million cars with hydrogen would cost around €870 million. The study also said that a centralised hydrogen production and storage system could provide hydrogen for 41 million vehicles if approximately €18.5 billion were invested. Investors who were willing to invest in the implementation of a hydrogen infrastructure would expect to see profits after 10 to 15 years. Furthermore, the price for hydrogen was reported at half the price of fuel. It said that due to high taxes on fuel, hydrogen could already be competitive today.
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