Scholz to galvanize hydrogen boom

”We will create a huge boom,” the German Chancellor says in a speech.

Photo: Michele Tantussi/REUTERS / X03942

German Chancellor Olaf Scholz sees a huge potential in green hydrogen, calling it the future of gas.

”We will create a huge boom,” says Scholz Tuesday in a copy of a speech that Reuters has obtained, set to be held at a conference.

Scholz further notes that Germany is well positioned to get through the winter despite reductions in gas deliveries from Russia.

This is due to a number of initiatives and measures, including extending the lifecycle of two nuclear power plants.

At the same time, gas inventories in Germany are at a higher fill levels than at the same time last year and ”will continued to be filled before the winter,” Scholz adds in the speech.

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