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RWE Says New Gas and Hydrogen Plants Hinge on Conditions

By August 10, 2023 < 1   min read  (134 words)

August 10, 2023 |

RWE Says New Gas and Hydrogen Plants Hinge on Conditions

FRANKFURT– German utility RWE  on Thursday said national plans for new hydrogen-ready gas power plants hinge on clarity about conditions the government sets on tendering and infrastructure frameworks.

“There are two conditions we see for these plants: they need clarity about the dimension and location of a hydrogen core transport grid and…a capacity premium…,” said chief executive Markus Krebber in a call with reporters after earnings for the first half of the year.

Germany’s economy minister earlier this month said he had made a “breakthrough” in talks with the European Commission on the plans but has yet to agree on how they will be subsidised.

SOURCE: REUTERS
Reporting by Vera Eckert and Christoph Steitz, editing by Matthias Williams

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