VNG Handel & Vertrieb is a Founding Member of H2Global

As part of the group's VNG 2030+ strategy, VNG Handel & Vertrieb GmbH (VNG H&V) is investigating the potential for adding hydrogen to their sales and trading portfolio and is involved in developing hydrogen as a possible source of energy for the future, particularly as an alternative to coal-based and fossil fuels. The company sees itself in a future role as a distributor and provider of hydrogen and intends to actively shape and support the creation of a viable H2 market.

The H2Global foundation is currently being set up as a non-profit organisation spanning several industry sectors. It plans to implement the H2Global development concept while ensuring the terms for the production and use of hydrogen set by the BMWi (Federal Ministry for Economic Affairs and Energy) and other government bodies are respected. Last year, the BMWi commissioned the Gesellschaft für Internationale Zusammenarbeit (GIZ) and the German Hydrogen and Fuel Cell Association (DWV) to develop the funding concept in order to achieve the targets for the production of green hydrogen (H2) and its import adopted in the National Hydrogen Strategy. The concept aims to coordinate supply and demand for hydrogen. Its focus, when considering the future viability of green hydrogen provision for energy users, is clearly on sustainability. The conceptional design, further development and implementation of the H2Global development concept will also be the responsibility of the foundation.

"As an energy provider, we feel a deep obligation to serve the foundation's purpose of developing sustainable future energy markets and hope to make an active contribution. Working with the foundation also allows us to maintain and develop important contacts in the hydrogen business with present and future stakeholders from different industries and countries", explains Kerstin Schultheiß, Managing Director of VNG H&V.

Konstantin von Oldenburg, Managing Director of VNG H&V, adds: "Commitment to the H2Global foundation is an important step towards hydrogen-readiness along a path we are determined to follow. It is the only way we can become a strong partner for our customers in a fast-growing, decarbonised hydrogen economy."