German Tech Giant makes a major bet on green hydrogen

German Tech Giant makes a major bet on green hydrogen

Hydrogen is fast becoming the next media star after solar and wind. In its latest claim to fame, two spin-offs from German tech conglomerate Siemens are joining forces to advance green hydrogen technology by building wind-hydrogen systems to help decarbonise the global economy. Green hydrogen is touted as a solution to many climate change problems: the element can be an energy carrier, it can be used to store energy, and it can be used in fuel cells to power cars. Green hydrogen is a particularly attractive option because its production comes from the hydrolysis of water using electricity produced by renewable systems, which means that it has a much smaller carbon footprint than hydrogen from gas or coal.

Siemens Gamesa and Siemens Energy have therefore joined a growing group of supporters of green hydrogen, many of whom see it as the ultimate solution to the planet’s pollution problem.

Both plan to invest $ 120 million over five years to develop a fully integrated offshore …

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