The German government is giving strong backing to green hydrogen (produced using renewable energy), and downsizing the role of blue H2 (made from fossil fuels with carbon capture and storage), according to the latest draft of its hydrogen strategy.

With billions of euros in subsidies at stake, the change in direction could have a massive impact in driving down the cost of either technology through economies of scale — and possibly be a boon for the offshore wind industry while disappointing the oil & gas sector.