HZR hazer group limited

Ann: Investor Roadshow Presentation, page-37

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    Germany outlines $17 bln plan to subsidise gas-to-hydrogen shift


    • Summary
    • Companies
    • Germany to tender up to 10 GW gas power plants
    • Government to earmark some $17 billion in subsidies
    • New gas plants must switch to hydrogen by 2040
    • Berlin to agree new electricity market design this year
    • Plants will help Germany exit coal before 2038
    BERLIN, Feb 5 (Reuters) - Germany's government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.
    The announcement follows pressure from the industry, impatient for detail after the government had promised the strategy last year as Germany counts on hydrogen to help the country move away from gas and coal.
    https://www.reuters.com/business/energy/germany-agrees-subsidy-plans-hydrogen-ready-gas-power-plants-2024-02-05/

    So how are gas plants going to switch to hydrogen???
    Hmmmm....
 
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