Germany is taking further steps with regard to developing a national hydrogen infrastructure. On 19 June 2023, the Federal Government published respective draft legislation that provides for the development of a hydrogen core grid. The Bundesrat (one of the two legislative chambers in Germany representing the German states) issued an essentially positive statement on this draft. The legislation is expected to be adopted soon.
In this virtual event, Baker McKenzie lawyers shared their views and covered topics on how companies can protect their digital property, how digital solutions can be safely utilized and the regulatory implications of data usage for a business. Guest speakers also discussed considerations on how they are dealing with an ever-evolving digital environment and the regulatory implications to consider when organizations adapt new technologies and manage data usage.
Our upcoming “Deciphering Digital Transformation for Industrials” seminar on 14 February 2023 provides an opportunity to hear directly from Baker McKenzie’s digital transformation specialists and industrial leaders on their experience implementing digital change and insights on what risks to avoid for a successful transition.
The H2Global Foundation announced on 8 December 2022 the launch by its wholly-owned subsidiary, HINT.CO GmbH, its first procurement procedure for the import of green ammonia into Europe. This procedure is intended to provide an innovative and efficient funding instrument, backed by EUR 900 million provided by the German Federal Ministry for Economic Affairs and Climate Protection, with further funding planned for 2023. This is the first global tender procedure of its kind. The deadline for application is 7 February 2023.
As battery energy storage systems become increasingly crucial to grid resilience and a key driver in the race to achieving the Net Zero target by 2050, the case for energy companies to consider battery storage as a valuable addition to their sustainable investments portfolios is very strong.
In this episode we explore key challenges and opportunities when developing battery storage initiatives in EU markets, regulatory frameworks for battery storage investments and support schemes that make a significant difference to the success of an energy company’s projects.
With its National Hydrogen Strategy from 2020, the German federal government has presented a comprehensive strategy to boost the market ramp-up for green hydrogen and, thereby, to decarbonize the German economy. In doing so, the German federal government recognized early on that the country would be dependent on importing a considerable amount of green hydrogen, especially in the medium to long term. Accordingly, a global hydrogen supplier market will be established in the near future.