Public energy networks in Hamburg have been under state control for a decade
In the heart of Germany, Hamburg is making strides in its quest for a sustainable future. The city's local energy networks have played a pivotal role in this transition, with significant investments and developments in various sectors.
One of the key players in this green revolution is Gasnetz Hamburg, which is actively involved in the development of the HH-WIN hydrogen industry network and the decarbonization of Hamburg's industry.
The city's steel production is seeing a shift towards green hydrogen, with an allocation of 55 million euros earmarked for this purpose. This move is part of a larger, ambitious plan to decarbonize Hamburg's industry.
The story of Hamburg's energy transition is a successful one so far, with investments of 1.93 billion euros in the electricity, gas, and district heating companies refinancing about a third. This success story is set to continue in the coming years.
The repurchase of the networks, which took place in September 2013 through a public referendum, has been crucial for Hamburg's energy policy. It has laid the foundation for the local energy and heat transition, paving the way for a sustainable and future-oriented course.
Stromnetz Hamburg, the city's power grid operator, has been at the forefront of this transition. It has driven the expansion of public charging stations for electric mobility and shore power connections for ships. In addition, Stromnetz Hamburg has invested 50 million euros in transformer station renewal.
The municipal companies, including Hamburger Energiewerke, have also made significant investments. Hamburger Energiewerke has invested 1.9 billion euros in the heat transition alone. These investments, under community-oriented governance, benefit the entire city, rather than generating high returns for internationally operating corporations.
The repurchase of the networks has resulted in a sustainable and future-oriented course, with a focus on the energy transition. This shift has been particularly important in light of the ongoing energy crisis and climate transition. According to Finance Senator Andreas Dressel, it is better for the city to determine the direction as the driver in these challenging times.
The companies involved in the development of the Hydrogen Industry Network HH-WIN and the decarbonization of Hamburg include Vattenfall, Hamburg Hafen und Logistik AG (HHLA), and Hamburg Energie. The profits and value creation of these companies also benefit the city, contributing to its overall green transition.
After a decade, the responsible authorities and municipal companies have drawn a positive balance for the city and the climate. The success of Hamburg's green transition serves as an inspiration for other cities embarking on their own sustainable journeys.
Read also:
- MRI Scans in Epilepsy Diagnosis: Function and Revealed Findings
- Hematology specialist and anemia treatment: The role of a hematologist in managing anemia conditions
- Enhancing the framework or setup for efficient operation and growth
- Hydroelectric Power Generation Industry Forecasted to Expand to USD 413.3 Billion by 2034, Projected Growth Rate of 5.8% Compound Annual Growth Rate (CAGR)
