DW – Is the green hydrogen dream over?
In 2022, the Australian mining and energy company Fortescue signed a deal with E.On, a German energy network and infrastructure operator, to supply up to five million tons of low-emission green hydrogen to Europe annually.
Robert Habeck, then German minister for economic affairs and climate action, of the deal, said:
The race for large-scale production and transportation of green hydrogen has taken off,
Adding that it would be the start of a “future without fossil fuels.”
Because it can power everything from trucks to long-distance trains, provide stock for chemicals and fertilizers, and act as a potential solution for heavily polluting industries like steel and iron production that traditionally rely on climate-wrecking coal power, hydrogen has been the subject of plenty of hype.
But three years after reaching agreement, the German-Australian deal is dead. E.On has since retreated from investment in large-scale green hydrogen infrastructure and has slashed import targets.
E.On spokesperson Alexander Ihl told DW,
International hydrogen imports, hydrogen production, and midstream activities will be deprioritized,
READ the latest news shaping the hydrogen market at Hydrogen Central
DW – Is the green hydrogen dream over?, source
