HY-5 presented 27 large-scale hydrogen projects in the five states, selected by the German Ministry for Economics and the Ministry for Transport for funding as part of the Important Projects of Common European Interest (IPCEI) scheme. Michael Westhagemann, Senator for Economics and Innovation, remarked: "Northern Germany is among the global pioneers of this future technology and aims to set up the infrastructure for a green hydrogen economic sector by 2035. Given its concentrated know-how along the entire value chain and proximity to the most efficient renewable energy regions, Hamburg is ideal for developing new business models that focus on sustainably produced hydrogen."