In German language, hydrogen is called ‘Wasserstoff’. As a literal translation to English, we could say ‘material of water’, a term that’s particularly timely given the large number of water electrolysis projects underway in Germany at present.
Against this backdrop, H2 View met up with Dr. Uwe Albrecht, Managing Director of Ludwig Bölkow Systemtechnik GmbH (LBST), to discuss how the hydrogen economy is developing in Germany and how his organisation is helping to shape the future.
Thanks for your time Dr. Albrecht, what is the core of your consulting work at LBST?
Private and public sector organisations rely on us to advise on a range of topics, including aspects of policy and strategy related to the emerging hydrogen economy. The questions from private companies are often about how to build business models that fit in the emerging hydrogen value chains. And for some, the concerns are that hydrogen may represent a threat to their current revenue streams and they are keen to adjust their strategy to ensure that they maintain relevance and profitability in the future.
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