The European Commission has approved Germany’s capacity mechanism, clearing the way for up to €35.2 billion in state support for generation, storage and demand-side flexibility. The scheme will use competitive auctions and require new gas-fired power plants to be hydrogen-ready, with climate-neutral operation required by 2045.

The European Commission has approved Germany’s capacity mechanism, clearing the way for up to €35.2 billion in state support for generation, storage and demand-side flexibility.…

The European Commission said on Wednesday it has approved Germany's electricity capacity mechanism, which could cost up to EUR 35.2 billion (USD 40.8bn) and will remunerate power…