Energy

RWE lays out plans to invest billions in renewables

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Markus Krebber, CEO of RWE AG, photographed during a press conference on November 15, 2021.

Fabian Strauch/dpa | picture alliance | Getty Images

Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE.

“When you look long term, there is no way around hydrogen,” Markus Krebber, who was speaking to CNBC’s Annette Weisbach, said.

In an interview broadcast Tuesday morning, Krebber claimed this was because hydrogen was “the only technology … we currently know which is able to decarbonize those industries which cannot electrify like steel, but also some parts of the chemical industry.”

Described by the…



Source cnbc.com

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