100% renewable targets will require power storage to manage flows on the net
Electrolysers utilise these intermittent power flows to produce H2 gas from water
H2 gas can be stored in large quantities underground and transported via existing gas pipelines
H2 vehicles recharge faster and are more durable than battery powered transport
Growing H2 demand in industrial processes will reduce costs and increase supply

Germany’s cabinet agreed on Wednesday plans to boost the country’s electric auto sector with billions of euros in subsidies, aiming to have 1 million of the cars on the road by 2020.

Berlin hopes the move will help Germany shift towards the emerging technology and has come alongside pledges from the private sector for some 12 billion euros ($17 billion) in investments in the coming years. Chancellor Angela Merkel  hopes to make Germany the world’s leading market in the sector, while Daimler chief Dieter Zetsche has predicted that in 50 years all cars will be electric.

Source: CNBC World