FuelCell Energy Inc (FCEL)

[JohnnyHydrogen]

omg - must read imho - comments from German chancellor Scholz at Whitehouse. Thanks Maximillian for the heads-up!

Joint press conference with Biden. Can you even imagine what would happen if Biden says the exact same thing that Scholz just said.

https://www.businesswire.com/news/home/20220207005816/en/Phillips-66-and-H2-Energy-Europe-to-develop-hydrogen-refueling-network-in-Germany-Austria-and-Denmark

Excerpts regarding hydrogen below .....

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Q And to Chancellor Scholz: Can you outline specific steps that Germany is taking to reduce its energy dependence on Russia? And what do you say to those who suggest that German reliance on Russian gas is limiting Europe’s options for how to respond to the crisis in Ukraine?

CHANCELLOR SCHOLZ: (As interpreted.) Thank you very much for raising that question because it gives me the opportunity to address a topic that’s important to me. One good news, maybe, within its strategy on fighting manmade climate change, Germany has decided at very short — in a very short period of time to phase out of the use of oil and gas by — very soon. And by 2045, Germany will have a carbon neutral economy as one of the strongest economies of the world.

And with regard to these energies — we often think about heating at home and driving a car, but we’re talking about industrial production: producing steel, chemical substances, cement. And changing these industrial processes and reorganizing such systems is what we have planned.

So, this year, we will continue to take far-reaching decisions that will help us to use more wind energy — offshore wind energy, onshore wind energy — and solar energy; and expand the capacities, expand the grids; and have a strategy for Germany but also worldwide on the use of hydrogen, which is a central element for us to change our industrial processes that are using oil and gas right now.

The industry is willing to be on board. We’re doing this together with them, but it will probably be the biggest industrial modernization project in Germany in 100 years, with very good prospects that we will develop new technologies that other partners in the world can use as well, and this will help us fight climate change.

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And, Mr. Chancellor — liquefied natural gas. There is a big controversy in Germany about fracking gas and how far is LNG even a real replacement, or is it also with a view to the climate collab you intend to found. Is it really an alternative to Russian pipeline gas?

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CHANCELLOR SCHOLZ: (As interpreted.) I can confirm that we work closely with the United States of America, and Joe Biden and I are working closely together as well.

We are prepared for all kinds of situation. And that’s part of what we do when we say we prepare sanctions. That means we need to be able to react at any time, and this is happening.

With regard to the use of LNG, I can say that the biggest volume of LNG used across the world is gas, and that is part of the debate.

Concerning a long-term perspective, I already outlined what this is about. We will modernize our economy. And where gas is being used, we will switch to hydrogen. This will be a process that will happen faster than many might imagine today, and that will create a bright future for all of us.