The Leipzig Sued gas-fired power plant on the site of the former lignite-powered plant in Leipzig, Germany, on April 11.

The Leipzig Sued gas-fired power plant on the site of the former lignite-powered plant in Leipzig, Germany, on April 11.

Photographer: Krisztian Bocsi/Bloomberg
New Energy

Europe’s Spending Billions on Green Hydrogen. It’s a Risky Gamble

Governments and companies want the clean fuel to play a big role in fueling the continent. If they’re wrong, the planet will be worse off than before.

This is the first story in a Bloomberg Green series examining the Hydrogen Hype.

The tree-lined street in Leipzig may seem an incongruous beachhead for the future of German energy. But the government has billions riding on its success.