The German Finance Minister and the Saudi Energy Minister attended the signing of this groundbreaking agreement SEFE and ACWA Power plan to build a hydrogen bridge between Saudi Arabia and Germany, starting with the delivery of 200,000 tons of green hydrogen annually from 2030 SEFE will market the green hydrogen to its German and European customers as a co-investor and main buyer
Machine translation from the original German
If there is anything more stupid then hydrogen fuel it has to be getting it from the Saudis. We need to stop relying on autocratic shitholes.
The economics do not make sense. This is a fluff piece.
I know. It always is with hydrogen. I hardly makes sense as a rocket fuel and it’s a terrible excuse for a battery (which is what Germany really needs with all the renewables). It’s just dumb.
You will buy it and be happy like your ancestors bought our frankincense and gum.
Who else will you buy it from? China? Russia? The US?
FYI: We also sell solar panels to Germany and others
Fair enough.