Germany's ruling coalition has agreed on a financing mechanism for the country's future H₂ network. The deadline for building the network has been extended by five years to 2037 and private companies will be responsible for building it. The project will cost around €20 B and will be financed through user fees.

The core network for H₂ fuel will extend over 9,700 km, with existing gas pipelines making up 60% of the network. The government will offer protection for investors in case of bankruptcy, with a government guarantee of around 6.7% return on equity before taxes. If demand is weak, network operators will have to shoulder some 24% of the costs.

Source: Reuters