Siemens creates new production plant in Germany

Siemens creates new production plant in Germany.

Plant to produce 1,350 tons of hydrogen per year.

The newly commissioned green hydrogen plant in Germany, which is one of the largest in the country, will produce 1,350 tons of hydrogen every year. The hydrogen will be used in a variety of applications, including powering industrial and commercial enterprises, as well as road transport.

Plant to use wind and solar power from Wunsiedel Energy Park.

The plant will use wind and solar power from the Wunsiedel Energy Park to generate hydrogen. This is a major step forward in the development of the green hydrogen economy, as it paves the way for wider adoption of this energy source.

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Plant to be used by industrial and commercial enterprises, as well as for road transport.

Siemens Financial Services has a 45% stake in the plant's operator, WUN H2.

Siemens Financial Services (SFS) is a subsidiary of Siemens AG and one of the world's leading providers of financing solutions for industrial companies. It has a long history of supporting innovation and investment in new technologies, and has been a major investor in WUN H2 since the project was first conceived. The company's involvement in the project underscores its commitment to the development of the green hydrogen economy.

WUN H2 is a joint venture between Siemens, Riessner Gase, and Stadtwerke Wunsiedel, a utility company. The three partners each have stakes of 45%, 45%, and 10% in the venture. SFS's investment will help to finance the construction of the plant and its operation over the next decade.

The plant will produce 1,350 tons of hydrogen per year from wind and solar power generated at the Wunsiedel Energy Park. The hydrogen will be used by industrial and commercial enterprises in the region, as well as for road transport. This will help to reduce emissions from these sectors and contribute to the decarbonization of the German economy.

The commissioning of the plant is a major milestone in the development of the green hydrogen economy and could pave the way for the wider adoption of this energy source.

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European Commission President Ursula von der Leyen supportive of hydrogen.

Von der Leyen announces the creation of a European Hydrogen Bank.

The European Commission President Ursula von der Leyen has announced the creation of a European Hydrogen Bank. The bank will invest in hydrogen production and infrastructure projects across the EU. This is a major step forward in the development of the green hydrogen economy, and it is hoped that it will pave the way for the wider adoption of this energy source.

Von der Leyen said that hydrogen has great potential as a clean and sustainable energy source, and that the EU needs to seize the opportunity to lead the way in its development. She said that the bank will help to finance projects that will boost Europe's competitiveness and create jobs.

The announcement was made at an event hosted by Siemens, which has just commissioned a new green hydrogen plant in Germany. The plant is one of the largest in Germany, and it is hoped that it will serve as a model for other plants across Europe.

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