Germany: Europe should extend industrial cooperation to hydrogen | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
July 19, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JULY 19, 2025
Germany: Europe should extend industrial cooperation to hydrogen

Global Economy

Reuters
24 November, 2020, 03:15 pm
Last modified: 24 November, 2020, 03:18 pm

Related News

  • European heatwave caused 2,300 deaths: scientists estimate
  • EU leaders discuss new US trade proposal as deal clock ticks down
  • Expedited visa processing to further facilitate academic exchanges: FS tells German envoy
  • EU envoy hopes for restoration of democracy in Bangladesh: Khasru
  • Europe-Iran talks yield little in Geneva at 'perilous' moment, ministers ready to meet again

Germany: Europe should extend industrial cooperation to hydrogen

The European Union has greenlighted state support for battery cells as part of its Important Project of Common European Interest (IPCEI) scheme

Reuters
24 November, 2020, 03:15 pm
Last modified: 24 November, 2020, 03:18 pm
German Economy Minister Peter Altmaier holds a news conference to present the government's economic autumn projection, amid the coronavirus disease (COVID-19) outbreak, in Berlin, Germany October 30, 2020. REUTERSMichele TantussiPool
German Economy Minister Peter Altmaier holds a news conference to present the government's economic autumn projection, amid the coronavirus disease (COVID-19) outbreak, in Berlin, Germany October 30, 2020. REUTERSMichele TantussiPool

European Union member states are intensifying cooperation on the production of battery cells for electric cars and they should extend this approach into new industrial areas such as hydrogen technology, the German economy minister said on Tuesday.

"We want to support the creation of a complete value chain for battery cells in Europe: from the processing of raw materials to battery cell production to recycling," Peter Altmaier told an economic conference in Berlin.

The German government is supporting the local production of battery cells with 3 billion euros ($3.6 billion) to become less dependent on suppliers from Asia.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

German carmakers already face tough competition from Chinese and US rivals in electric mobility. The European Union has greenlighted state support for battery cells as part of its Important Project of Common European Interest (IPCEI) scheme.

Among the companies benefiting from the support are German battery maker Varta, luxury car maker BMW, chemical group BASF as well as French automaker Peugeot with its German Opel subsidiary.

The economy ministry expects the battery cell initiative to create more than 20,000 new jobs over the next 10 years. This is likely to cushion the impact of job losses caused by weaker demand for combustion engines.

Altmaier said that, in future, the most innovative and environmentally friendly battery cells should come from Europe.

The increased cooperation on battery cells, enabled by the European Commission's IPCEI scheme, should become a blueprint for other European industrial projects, for example for hydrogen technologies, Altmaier added.

The German government has passed a 9-billion-euro hydrogen investment plan as part of a stimulus package to help Europe's largest economy recover from the coronavirus shock and accelerate a shift towards green technology.

Hydrogen fuel is produced via electrolysis in a process that passes electricity from sources such as wind and sunshine through water, to extract carbon-free hydrogen.

Top News / World+Biz

Germany / Europe / European Union / Hydrogen technology / Battery cells / European economy

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Jamaat set for its first-ever Suhrawardy Udyan rally at Suhrawardy Udyan on 19 July 2025. Photo: Jamaat-e-Islami/Facebook
    Massive turnout at Suhrawardy Udyan as Jamaat holds first-ever national rally
  • Army patrol amid curfew in Gopalganj on 17 July 2025. Photo: Olid Ebna Shah/TBS
    Gopalganj unrest: Police file 3 cases against 2,300, so far 164 arrested
  • Dollar rate falling fast – what it means for the economy
    Dollar rate falling fast – what it means for the economy

MOST VIEWED

  • Chief Adviser Muhammad Yunus and SpaceX Vice President Lauren Dreyer after a meeting at state guest house Jamuna on 18 July 2025. Photo: Focus Bangla
    SpaceX VP Lauren Dreyer praises Bangladesh's efficiency in facilitating Starlink launch
  • Representational Photo: Collected
    Railway allocates special trains for Jamaat's national rally in Dhaka
  • Governments often rely on foreign loans. Russia’s loans covered 90% of the Rooppur Nuclear Power plant project's cost. Photo: Collected
    Loan tenure for Rooppur plant extended 
  • Representational image. Photo: Unsplash
    Mobile operators give 1GB free data to users observing 'Free Internet Day' today
  • Dollar rate falling fast – what it means for the economy
    Dollar rate falling fast – what it means for the economy
  • Chattogram-based Western Marine Shipyard Ltd has exported two tugboats—Ghaya and Khalid—to UAE-based Marwan Shipping Ltd, earning $1.6 million. The vessels were officially handed over at the Chittagong Boat Club on 17 July. Photo: Courtesy
    Refined sugar imports double in FY25 as duty cuts bite local refiners

Related News

  • European heatwave caused 2,300 deaths: scientists estimate
  • EU leaders discuss new US trade proposal as deal clock ticks down
  • Expedited visa processing to further facilitate academic exchanges: FS tells German envoy
  • EU envoy hopes for restoration of democracy in Bangladesh: Khasru
  • Europe-Iran talks yield little in Geneva at 'perilous' moment, ministers ready to meet again

Features

Jatrabari in the capital looks like a warzone as police, alongside Chhatra League men, swoop on quota reform protesters. Photo: Mehedi Hasan

19 July 2024: At least 148 killed as government attempts to quash protests violently

13h | Panorama
Illustration: TBS

Curfews, block raids, and internet blackouts: Hasina’s last ditch efforts to cling to power

19h | Panorama
The Mymensingh district administration confirmed that Zamindar Shashikant Acharya Chowdhury built the house near Shashi Lodge for his staff. Photo: Collected

The Mymensingh house might not belong to Satyajit Ray's family, but there’s little to celebrate

19h | Panorama
Illustration: TBS

20 years of war, 7.5m tonnes of bombs, 1.3m dead: How the US razed Vietnam to the ground

1d | The Big Picture

More Videos from TBS

Massive turnout at Suhrawardy Udyan as Jamaat holds first-ever national rally

Massive turnout at Suhrawardy Udyan as Jamaat holds first-ever national rally

44m | TBS Today
Without humane and good people, the country cannot progress: Army Chief

Without humane and good people, the country cannot progress: Army Chief

1h | TBS Today
Railway allocates special trains for Jamaat's national rally in Dhaka

Railway allocates special trains for Jamaat's national rally in Dhaka

1h | TBS Today
Why is Donald Trump asking Coca-Cola to change its recipe?

Why is Donald Trump asking Coca-Cola to change its recipe?

2h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net