/cloudfront-us-east-2.images.arcpublishing.com/reuters/NSLOIJV7URL63CQR5KYBUYJU7E.jpg?fit=758%2C9999&ssl=1 "Germany to invest around bln in hydrogen projects")
German Transport Minister Andreas Scheuer adjusts his face mask as he attends the weekly cabinet meeting at the Chancellery in Berlin, Germany May 12, 2021. Michael Sohn/Pool via REUTERS
Germany will invest more than 8 billion euros ($9.74 billion) to fund large-scale hydrogen projects, the Economy and Transport ministries said on Friday, in a step to scale up hydrogen as an alternative to fossil fuels to meet climate targets.
The 62 German projects, supporting chemical, steel and transport industries, are part of a joint European hydrogen project called Hydrogen-IPCEI, the ministries added.
